Jargon Buster

Understand property related jargon.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

1. Deeds

   Legal title documents proving ownership. The deeds will be held by the mortgage lender.

2. Deposit

   A sum of money (usually 10%) paid by the buyer on exchange of contracts.

3. Detached

   Term used to describe a property that stands alone and is separated from all others.

4. Development

   A newly built residence or an older property which has been refurbished and modernised.

5. Dilapidations

   Any disrepair or damage to a rented property.

6. Disbursements

   Fees paid by the buyer's solicitor on the buyer’s behalf such as stamp duty, land registry and search fees.

7. Discharge

   Paying off a mortgage.

8. Draft Contract

   Preliminary, unconfirmed version of the contract.

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