Purchase

The Stamp Duty Land Tax (SDLT) Declaration, often referred to simply as the Stamp Duty Declaration, is a legal document required in property transacti...

The completion date is the day when the ownership of the property is legally transferred from the seller to the buyer, and it is an important mileston...

When purchasing a property, several sources can contribute to the total purchase price. These contributions can come from loans, gifts, or other forms...

The Help to Buy ISA is a government-backed savings scheme designed to help first-time buyers in the UK save for a deposit on their first home. Introdu...

A purchase deposit, also known as an earnest money deposit, is a sum of money paid by the buyer to the seller as a sign of commitment and good faith i...

A mortgage is a type of loan provided by a financial institution, typically a bank or a mortgage lender, that enables individuals to purchase a proper...

Purchasing a property at undervalue means acquiring a property for less than its market value. This situation can occur for various reasons, such as a...

There are no restrictions on who can sell a property, as long as they have legal ownership rights to the property and are willing to enter into a sale...

When purchasing a property, certain transactions, such as the purchase being dependent on a sale or remortgage, can significantly affect the process. ...

A buyer's agent is a professional individual or company that assists buyers in the purchase or rental of real estate properties. Acting as intermediar...

Purchasing a property at auction in the UK involves buying a property through a public auction process conducted by an auctioneer. It is a unique and ...

An agreed purchase price refers to the mutually accepted price at which a buyer agrees to purchase a property from a seller. It is the result of negot...

A Trust Deed is a legal document that outlines the terms and conditions of a trust agreement. It establishes the framework for managing assets held in...

Ownership capacity refers to the legal framework through which individuals or entities hold property rights. In the context of property ownership, it ...

The intended use of a property refers to the purpose for which the property is acquired or utilised. It determines how the property will be occupied, ...

The current use of a property refers to how it is being utilised or occupied at the present time. Properties can serve various purposes depending on t...

A property survey is an inspection carried out by a qualified surveyor to assess the condition and value of a property. It involves a detailed examina...

A new build property is one that has been recently constructed and has not been previously owned or occupied. New builds can include completely new co...

Land serves various purposes and is classified into different types based on its use, geography, and ecological characteristics.   Here are definition...

Flats, also known as apartments, offer a variety of living options, from compact studios to luxurious penthouses. Here are definitions for some of the...

Houses come in various styles and configurations, each offering unique features and layouts to suit different preferences and lifestyles.   Here are d...

When it comes to buying or selling property in England and Wales, it is essential to understand the different types of properties available.   Here ar...

Shared ownership is a government-backed scheme designed to help people who cannot afford to buy a home outright onto the property ladder. It allows bu...

Property ownership in England and Wales is governed by specific laws and regulations that determine the rights and responsibilities of property owners...

During the property purchase process, you may choose to designate another person to serve as your primary point of contact. This person will handle co...

Providing bank details to the conveyancer is a crucial step in the property transaction process, as it facilitates various financial aspects of the pu...

A Gifted Deposit Declaration is a formal document used in property transactions to confirm that a sum of money given to a homebuyer by a third party, ...

Buying via Trust Deed refers to the process of purchasing a property through a trust arrangement, where the property is held and managed by a trustee ...

Buying via Deputyship Order refers to the process of purchasing a property on behalf of someone who lacks mental capacity to make decisions for themse...

Buying via Power of Attorney refers to the process of purchasing a property on behalf of someone else who has granted authority to act on their behalf...

The Property Title Register is an official document maintained by the Land Registry in England and Wales that provides essential information about a...

When there is a change of name, it is crucial for the conveyancer to be informed for several key reasons. This applies to name changes for the buyer a...

When participating in a property purchase, it is important to clarify the capacity in which you are providing information. This ensures that all parti...

When a company wishes to purchase a property, the process typically involves authorisation from the company's board of directors or other authorised r...

Buying a property, also known as a real estate purchase or property acquisition, involves the process of acquiring ownership rights to a piece of real...