Definitions - D
- Deed of Covenant
- A document confirming an agreement to pay or do something.
- Deed of Gift
- A document transferring the ownership of property from one person to another without any payment being made for it.
- Deed of Guarantee
- A document used where one person agrees to be responsible for someone elses debt or mortgage obligations if that person fails to carry out their own obligations.
- Deed of Postponement or Priority
- Where a mortgagee agrees to their mortgage ranking after another lenders mortgage.
- Deeds
- The official documents confirming who owns a property which are in the possession of the owner or mortgagee if the property is mortgaged.
- Defective Title Insurance
- A defective title means that there is a problem with the deeds relating to the property. They may be missing, destroyed, lost or simply inadequate. A buyer will not usually buy a property with a defective title unless the seller provides him with an insurance policy to protect him and his lender against any financial loss which could result from the defective title.
- Deposit
- The agreed amount to be paid on exchange of contracts usually forfeited if the buyer fails to complete.
- Disbursements
- Payments made on your behalf e.g. search fees.
- Drainage/Water Search
- This is a search carried out by the conveyancer for the purchaser to check whether the property is connected to mains water and drainage and whether there are any other issues relating to drainage/water affecting the property.
Terms - D
New buyers told to sit tight
First-time buyers have been advised to sit tight if they find themselves in negative equity.
New buyers prefer terraced homes
A new report on terraced properties shows that the house type is the most popular among first-time buyers.
Govt expands Homebuy scheme
A new scheme has been launched by the government to help first-time buyers onto the property ladder.
New buyers seek intermediary advice
New figures show that first-time buyers are increasingly turning to mortgage intermediaries for advice.
Debate reveals confidence in housing market
A debate among experts on the UK housing market has revealed that the majority believe now is a good time to invest.
Now is a good time to buy
Homebuyers have been advised that now is a good time to enter the market.
Prime market going strong
The UK's prime property market continues to perform well despite the global credit crunch.
Region strategy for east of England receives mixed response
The government has published its Regional Spatial Strategy (RSS) for the east of England.
Financial advisors have a role to play
Independent financial advisors have a role to play in helping homeowners in financial difficulties.
Rise in millionaire households
A new report has revealed a substantial rise in the number of UK properties sold for at least £1 million.
Tory leader to speak on countryside housing issues
David Cameron is to give a speech on the future of the UK countryside.
Market conditions suit some investors
The collapse of investment company Inside Track should not be of concern to buy-to-let property investors who look to the long-term.
Rics calls for mortgage continuity
The Royal Institution of Chartered Surveyors (Rics) is keen to see more continuity in the mortgage market.
Buyers' market enables first-time buyers to drive a hard bargain
First-time buyers are forcing down property prices, it has been claimed.
Spending plans altered as credit crunch hits consumers
The credit crisis is impacting on people's spending habits, it has been revealed.
Buy-to-let market affected by credit crunch
A rise in the demand for rented accommodation has not been accompanied by an increase in the number of buy-to-let mortgage products on the market, it has been revealed.
Gazundering issue leaves Brits in a flux
UK homebuyers have strong opinions when it comes to the issue of gazundering - but many of them are conflicting, it has been revealed.
Govt needs to focus on empty homes
The government needs to look at bringing empty homes back into use if it is to meet its housing targets.
Poll points to rate freeze
A new poll suggests that the Bank of England's Monetary Policy Committee (MPC) will wait until June before cutting the base rate of interest.
SLS receives CML support
The Bank of England's Special Liquidity Scheme (SLS) has received support from the Council of Mortgage Lender.
Lenders and intermediaries remain upbeat
It appears that many mortgage lenders and intermediaries remain confident about the prospects for the housing market in 2008.
"No doubt" that gardens add value to property
Homeowners can add to the value of their properties by carrying out work on their gardens.
Homeowners told not to panic
Recent negative house price figures should not lead to panic among homeowners.
House prices rise annually
House prices in England and Wales increased by 3.6 per cent year-on-year in March, according to the latest figures.
House price growth set to return
The UK property market is not likely to crash and prices should pick up towards the end of the year.
Borrowers could take payment holiday
Homeowners are being urged to check the terms of their mortgages to see if they are entitled to a repayment break.
Brits still aiming for dream home
A new survey shows that 60 per cent of Britons still aim to own their dream home.
Buyers need to consider price fluctuations
Homebuyers need to consider every possibility when it comes to purchasing a property.
Semi-detached homes win in the popularity stakes
A new report from Nationwide shows that semi-detached properties account for 32 per cent of home sales in the UK.
Landlords expected to purchase more properties
UK landlords are expected to take advantage of the current economic climate and expand their portfolios.
Lenders promise fair play in current climate
The chancellor of the exchequer has held a meeting with senior government ministers and prominent figures from the mortgage industry.