A

Auction

Apportionments

AP1

AML (Anti-Money Laundering) Checks

AML

Alterations

Align Exchange Dates (Sale and Purchase)

Agents Commission

Absolute Title

Access Roads

B

Buyer's Conveyancer / Solicitor

Buyer Pulls Out (Sales Guarantee)

Buyer (Purchaser)

Built to Rent (BTR)

Building Work

Building Survey (Full Structural Survey)

Building Regulations Consent/Approval

BS 7671

Bank Transfer Fee

C

Covenant

Council Tax Band

Conveyancing

Conveyancer

Contract

Conservation Area

Condition Report

Conflict Check

Completion Statement

Completion Date

Completion

Commonhold

CLC

Client Care Letter (CCL)

Client

Chattels

Chancel (Repair Liability) Search

Charge

CHAPS

Certificate of Title (COT)

Caveat Emptor

D

Draft Contract Pack (DCP)

Draft Contract

Disbursements

Director of RTM

Deposit

Deed of Gift

Deed of Covenant

E

Exchange of Contracts

Estate Agent (EA)

Epitome of Title

Environmental Search

Enquiries

Energy Performance Certificate (EPC)

Electrical Installation

EICR

EIC

eDRS

Easement

F

Freeholder (Lessor)

Freehold (FH) Property

Flying Freehold

Fittings and Contents Form (TA10)

Fixed Legal Fees

File Opening Fee

Fee Earner

G

Ground Rent

Gazundering

Gazumping

Gas Safety Certificate (CP12)

H

Homebuyers Survey

HomeBuyer Report

HMRC

HM Land Registry

HETAS

Heating System

I

Invasive Plant Species

Instructing Before Property Goes on Market

Instructing Before Offer Accepted

Instruction (of Conveyancer)

Installer

Initial Deposit

Indemnity Insurance

ID Verification

Infotrack (Docusign)

J

K

Know Your Customer (KYC)

L

Local Search

Local Authority Search

LMS

Listed Property

Lessor

Lessee

Legal Pack

Legal Fees

Leasehold Information Form (TA7)

Leasehold (LH) Property

Land Registry Search Fee

Land Registry Official Copies

Land Registry Fees

Land Registry (LR)

M

Mortgagor

Mortgagee

Mortgage Offer

Mortgage Fee

Mining Search

Milestone

Memorandum of Sale (MOS)

Memorandum of Exchange (MOE)

Management Pack

N

NICEIC

NHBC

New Build Fee

NAPIT

O

Other Side Solicitors (OSS)

Other Side Clients (OSC)

Onboarding

Official Copies (Office Copies)

Offer Accepted

P

Purchase vs. Sale Complexity

Purchaser (Buyer)

Purchase Price

Proof of Funds (POF)

Property Information Form (TA6)

Post-Completion

POA

Planning Documents

Photovoltaic System (Solar Panels)

Party Wall

Paralegal

Q

R

Risk Assessment

Right to Manage (RTM)

Restrictive Covenant

Report on Title

Remortgage

Registered Land

Redemption Figure

Redemption Statement

Redemption

Radon

S

Survey

Status

Subject to Contract (STC)

SRA

SPD

Source of Wealth (SOW)

Source of Funds (SOF) Checks

Simultaneous Completion Fee

Sewerage

Seller's Conveyancer / Solicitor

Seller (Vendor)

Section 21 Notice

SDLT

Searches

Sale Price

T

Tree Preservation Order

Transfer Deed (TR1)

Transaction Information Form

Total Including VAT

Total Excluding VAT

Total VAT

Title Number

Title Guarantee

Title Deeds

TA10

TA7

TA6

U

Unique Property Reference Number (UPRN)

Unilateral Notice (UN1)

Unregistered Land

UK GDPR

V

Vendor

VAT (Value Added Tax)

Valuation Report

Vacant Possession

W

Water and Drainage Search

X

Y

Z

Terms made simple

Redemption Figure

The outstanding amount required to pay off an existing mortgage in full, provided by the seller's lender. This precise figure is requested shortly before completion.

Redemption Statement

A formal document from a mortgage lender that details the total amount required to fully pay off a mortgage by a specified date. It includes the remaining principal balance, accrued interest, any early repayment charges or fees, and payment instructions, allowing a borrower to either pay off the mortgage early or remortgage with a new lender.

Redemption Statement

A formal document from a mortgage lender that details the total amount required to fully pay off a mortgage by a specified date. It includes the remaining principal balance, accrued interest, any early repayment charges or fees, and payment instructions, allowing a borrower to either pay off the mortgage early or remortgage with a new lender.

Redemption Statement

A formal document from a mortgage lender that details the total amount required to fully pay off a mortgage by a specified date. It includes the remaining principal balance, accrued interest, any early repayment charges or fees, and payment instructions, allowing a borrower to either pay off the mortgage early or remortgage with a new lender.

FREQUENTLY ASKED QUESTIONS

Have a question?
We have the answers.

What is Homey
How much does Homey cost?
How do I use Homey as a Solicitor?
How do I use Homey as an Agent?
How do my clients use Homey?

Glossary

Back to Homey