Jargon
Don’t know your Abstract Title from your Deeds of Sale? Then use our jargon buster for a simple explanation of all the weird and wonderful phrases affecting your nest.
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- Freehold
- Technical word for the ownership of the property, meaning that it belongs to the owner without limitation of time as opposed to a leasehold which is for a fixed period.
- Freeholder
- Freeholder (or superior landlord). With leasehold property, there will be a superior landlord and/or a freeholder who owns the land on which the building stands AND who has ultimate responsibility for the building itself
- Full Structural Survey
- A full structural survey carefully look at and then reports on all the main features of the property, including walls, roof, foundations, plumbing, joinery, electrical wiring, drains, and garden. A surveyor will then pass this report on to a mortgage company as well the purchaser.