Jargon Buster

A B C D E F G I J L M N O P R S T U V Y

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A request for information held by a local authority or by the Land Registry in regard to the chosen property.

Semi-Detached

Two houses attached together.

Service Charge

Service charges are paid by the owner and cover the cost of providing various services (i.e. maintenance and repair of the building and common parts, provision of heating, lighting and security).

Solicitor

A legal expert handling the sale or purchase of a property.

Stamp Duty

A tax paid by the buyer of a property.

Standard Variable Rate

Mortgage lenders standard rate of interest which can vary over time.

Structural Survey

A thorough inspection of the property and a report that covers the issues in a more detailed fashion.

Subject To Contract

An agreement that is not yet legally binding and depends upon the terms yet to be agreed within the contract.

Surveyor

A professional person qualified to estimate the value and condition of land and property.