These are conducted by your lawyer to check if there is anything that might affect the current or future value of the property. It is compulsory to have a local authority search before exchanging contracts.
Share Of Freehold
This is when the freehold of the property is owned by a limited company and the shareholders are the owners of the property, usually the owners of flats within that building.
Where only one estate or letting agency firm is instructed by a seller or landlord to offer a property for sale or to rent.
Sole Selling Rights
Where an estate agency or person is granted “sole selling rights” by the seller of a property, they will be able to claim an agreed fee regardless of who actually introduces the buyer.
Subject to Contract
Where contracts are still not exchanged and nothing is yet legally binding on either seller or buyer.
This is a report prepared by a qualified building surveyor to check the structure for any faults. Home owners can choose from three main types of structural survey, depending on how much information they want.