Glossary H – P
This is what you give an estate agent when you want them to sell your house. You effectively ‘instruct’ the estate agent to market your house and find a buyer for it.
This is when you are instructing two estate agents to sell your house. The commission to each agent will be agreed between the agents and the vendor.
Land CertificateThe certificate given by the Land Registry that proves ownership of land.
Land RegistryThe government office that holds records of land ownership, as well as any charges such as a mortgage
LeaseholdA piece of land/property is leasehold, when the ‘owner’ has to pay the owner of the freehold an annual amount.
Maintenance ChargeA charge made by a landlord for the annual maintenance of a property. This should be agreed in your contract.
MortgageA loan with property as security.
Mortgage DeedThis holds the details of a mortgage arrangement.
Mortgage OfferAn offer from a lendor, detailing the terms and conditions of a loan.
MortgagorThe person borrowing money to buy a property.
An offer you make on a property.