Deduction of Title
This is a search of the Land Registry database to work out who has the legal ownership of a property. If the property is unregistered the solicitor may need to exam the title deeds.
This is specialist terminology that is sometimes used by solicitors to refer to the property which is the subject of the sale.
This is the amount of money which is required on exchange of contracts to show that there is a definite intent to purchase the property. The standard amount is 10% although a different level can be agreed.
A line drawn in order to define the area of a settlement within which development is acceptable in principle subject to detailed consideration of environmental, amenity, access, public service provision and other considerations. The development of land within the limits will depend on planning permission being obtained. Areas outside the limits are regarded as the open countryside. However, this does not imply that the development of all open spaces and under-developed areas within the limits is acceptable.
These are costs that a solicitor must pay on behalf of their client. Quite often the cost of our searches are referred to as disbursements.
Discharge of Charge
This is when a mortgage is paid off and therefore the charge over the property is removed.
Roads that distribute traffic and bus services within the main residential, commercial and industrial built up areas.