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Deeds

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

Deposit

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

Detached

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

Development

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

Dilapidations

Any disrepair or damage to a rented property.

Disbursements

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

Discharge

Paying off a mortgage.

Draft Contract

Preliminary, unconfirmed version of the contract.
 
 
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33, Cambridge Road, Stansted,
Essex, CM24 8BX
Tel: 01279 815511
Fax: 01279 810884
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