An area surrounding a school in which you must live if you would like your child to attend.
A translation that means ‘buyer beware’. The buyer is responsible for carrying out all surveys and searches and understanding the problems that may arise before purchasing a property.
Where there are a number of buyers linked together and are all relying on the completion of each other’s property. Chain sales will complete simultaneously.
Not all that common, however, a closing date may be given where all parties must have shown their interest before a deadline.
A means to overcome the difficulties of a leasehold property where there are shared facilities. Such as a block of flats or student residence.
The date where money exchanges hands and title deeds are updated to become the legal owner of a property. Keys will be handed over on this date.
A worthwhile insurance to cover against any accidental damage or theft of all contents that is not fixed.
The legal document to be signed in order to commit to the selling or purchase of a property.
An individual who may conduct the conveyancing, other than a solicitor.
This is a term for the legal work carried out by the conveyancer when involved in the purchase and sale of a property.
Depending on the band of council tax, this can be a high or low amount of money to be paid to the local council in order to cover the cost of services and amenities.
Rules and conditions, contained within the title deeds or lease, that a buyer or future owner must adhere to. These can be restrictive covenants, such as prohibiting the owner from doing something.