A document evidencing a persons legal right or title to the property.
A situation where prices are falling. (The opposite of Inflation)
A sum of money (typically 10% of the purchase price) paid by the buyer, upon exchange of contracts.
The decline or reduction in the value of a property.
Term used to describe a property that stands alone from all others.
Fees paid by the buyers solicitor on the buyers behalf such as stamp duty, land registry and search fees.
In the event of a surveyor advising that the property is not worth the sum sought, the amount available for borrowing will be restricted by the lender.
Preliminary version of the sale contract sent out to the purchasers solicitor.