This is what both the buyer and seller sign and binds both parties to the sale of the house.
This is a flexible term in property and can mean such things as a house that has been converted into flats or a loft converted into a bedroom, as well as other things.
Legal process in buying and selling a property and/or land.
The Confederation for the Registration of Gas Installers, now named GAS SAFE
|Council Of Mortgage Lenders|
Tax levied on households by local authorities; based on the estimated value of the property and the number of people living in it
|County Court Judgement||
A judgement for debt recorded at a County Court which will show up when a credit check is undertaken
Publicly available service that provides online access to various forms that landlords may require when commencing proceedings for possession.
The website also has guidance on such subjects as dealing with squatters. Forms available to download include N5 for use in possession claims, and N5B for use in the accelerated possession procedure
An enquiry on the credit history of an applicant, normally utilising the major credit reference agencies
|Credit Reference Agency||
Companies that can provide credit information about individuals (including CCJs) and confirmation of addresses included on the electoral register.
There are three nationwide private agencies that produce credit reports and credit scores on private consumers:,Eg. Equifax, and Experian.
Known as Credit Bureau in US.
A report from a credit reference agency that provides a credit score and other financial data: credit transactions, records of outstanding debts or bankruptcy.
A score assigned to an individuals credit standing, normally in the form of a number upto 999 which is seen as perfect credit score.
|Credit Search References||
These are references taken regarding a potential tenant. These references can be from sources such as the tenant's employer. A check of the tenant's credit history is also normally carried out.