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Residential conveyancing - jargon buster R

If you are looking for a conveyancing solicitor to handle a residential house sale, house purchase or a re-mortgage then please contact us on 01616 966 229 for a free, no obligation initial chat with one of our legal advisors, or request more information via our contact form.


Redemption Figure: The amount required to repay a mortgage loan.
Registered Land: Land where the title is recorded through registration at the land registry. Interests that may exist against registered land can be classified as registered interests, minor interest and overriding interests. Contrast unregistered land.
Registration: A method of protecting rights in the land by entering them in an official record. (1) In unregistered land, various rights (mostly equitable interests) need protection by registration against the name of the estate owner at the Land Charges Registry. (2) In registered land, the title to the freeholder or leasehold land is registered at the land registry; and interests in the land are protected by registration against the title number (although some interest are overriding and so do not need to be protected by registration.
Rentcharge: An annual rent (normally) secured on freehold property which is one of the interests mentioned in s1 Law of Property Act 1925. This is frequently encountered in some areas of the country, e.g. Manchester.
Report on Title: A standard form supplied by the mortgage lender. The lawyer signs the report on title to certify to the mortgage lender that there is good and marketable title to the property and to request the mortgage advance.
Requisitions on Title: (see also “undertakings”) also called “completion information”. Contains questions, requirements and possible undertakings addressed by the buyer’s lawyer to the seller’s lawyer. The aim of the Requisitions is to check the legal documentation and its accuracy, and to require any defects in the documentation to be corrected. Where acting for a seller, it is vital replies to Requisitions on Title are completed carefully and accurately, particularly in relation to any Undertakings that may be given.
Restrictions: An entry in the proprietorship register to restrict dealings. It is one of four methods or protecting minor interest in registered land. A restriction is used, e.g. as a method or warning to a buyer of the need for overreaching when buying from sole survivor of tenants in common.
Restrictive covenant: A promise by deed not to do a particular act, e.g. not to build an extension to a house without first obtaining the covenantee’s consent.
Retention: This forms part or all of the mortgage advance that the lender will not release until certain works have been completed (e.g. a lender may impose a retention where there is some rewiring required at the property). Once the work has been completed to the lender’s satisfaction (either by the seller or borrower), the retention will usually be released.
Right of way: Another term for easement (e.g. a right of way to cross over land owned by someone else to get to your property.