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Bolton
Leigh, Union Street
Leigh, Lord Steet
Manchester
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Wigan Investment Centre
Conveyancing
Our Conveyancing Glossary
Abstract of Title
This is a summary of all legal documents which relate to a property
Caveat Emptor
This essentially means "buyer beware" - a principle which still stands in property transaction
Certificate of Title
This is a document which certifies the legal ownership of land
Commons Registration Search
A search at the local authority to check that the property is not registered as common land
Completion
When the buyer of a property becomes the new owner of the property
Contract
This document will be signed by the person selling and the person buying the property and will be sent to their solicitors
Conveyance
The legal work which needs to be undertaken when buying or selling a property
Deeds
The ownership document relating to a property is known as a "Title Deed"
Environmental Search
A search which is carried out on the property to check whether there is any record suggesting that the property may be affected by contamination
Exchange of Contracts
When the buyer and seller formally exchange the contract and become legally bound to complete and move out on an agreed date
Expedtion Fee
A fee which can be paid to the Land Registration to speed up registration of a property
Home Information Pack (HIP)
This is a document containing various details about a property which is to be sold
Land Charges Search
A search at the Land Charges Registry to determine whether the property is registered and to find out if any mortgages or interests are listed against the property
Local Authority Search
An enquiry carried out to determine if there are any potential circumstances that could affect property
Mining Search
A search undertaken to check whether a property has been affected by any coal mining activities
Mortgagee
The person to whom the mortgage is made.
Mortgagor
The person who makes the mortgage
Registration
System by which the ownership of estates in land is recorded and registered
Stamp Duty
A charge applicable to a conveyance, transfer or a lease of land where the instrument was executed prior to 1 December 2003
Vacant Posession
The contract term that state of a property will have been vacated upon completion of the sale
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