01525 378 177

Request a Brochure

* required
Send my newsletter by:

Request Your Free Life Organiser

* required
Send my newsletter by:

Sign Up To Our Quarterly Newsletter

* required
Send my newsletter by:

Conveyancing Terms

Osborne Morris & Morgan > Conveyancing > Conveyancing Terms

Learn The Lingo

Building Insurance

This covers the cost of rebuilding the property if it is destroyed in a fire, for example. You need to put this on risk on the day of Exchange for your new property and your lender may want to see a copy of this insurance.


A link of properties where one purchase depends on the sale and purchase of another.

Completion date

Usually known as moving day or the day you can collect the keys. The full balance of monies and title deeds are transferred from one party to the other. The solicitors will then register your new ownership with the Land Registry.

Completion statement

A statement detailing the financial breakdown of a property sale or purchase which is usually sent in between exchange and completion.


The legal document that contains all of the information regarding the property transaction and is signed by both the buyer and seller.


The process of transferring property


The promises made which bind the owners of the property


The amount paid by the buyer to the seller on Exchange of Contracts to secure the property. This is normally 10% of the purchase price.

Exchange of Contracts

The point at which Contracts are signed and Exchanged between solicitors and the Contract becomes legally binding. This is also when the completion date is agreed and set.

Fixture, fittings and contents form

A form completed by the seller, which lists what parts of the property are included and excluded in the sale.


Owning a property or land outright, as opposed to leasehold- which reverts the property back to the owner of the land after the lease period has expired.


When a seller accepts an offer on their property from one buyer and then accepts a higher offer from another potential buyer.


A loan from a bank or a building society so that you are able to buy a house.

Negative equity

Where the amount of money you owe on a property is greater than the value of a property.

Office copy entries

The official copies of the register which confirm the ownership of a property. These are the ‘new’ online version of your property Deeds.

Stamp duty

You must pay Stamp Duty Land Tax (SDLT) if you a buy a property or land over a certain price in England, Wales and Northern Ireland.


The abbreviation for sold subject to contract.

Subject to contract

The position of a transaction before Exchange of Contracts and so nothing is legally binding.

Title Deeds

These are the old documents which prove ownership of the property. These are sent to the Land Registry when you first register a property. Now when you buy and sell most houses are already registered. The title deeds are the old Conveyances and Transfers from previous owners over the years which tell a story as to how you now own the property.


A procedure where either an estate agent, surveyor or lender places a formal value on a property.



We are here to help

At Osborne Morris & Morgan, we are a friendly team of award-winning legal professionals, who are nationally recognised experts in our fields.

We offer specialist legal advice in Personal Injury, Medical Negligence, Wills, Trusts & Probate, Court of Protection and Conveyancing. 

Whatever your needs or circumstances, our solicitors can make a difference.

Speak to our specialist Conveyancing team today.

Either call us on 01525 378177

or complete the contact form opposite.

Send us an email


Our Conveyancing Team

Jemma Wixted
Jemma Blackstaffe
Associate member of the Chartered Institute of Legal Executives
Laura Everitt
Laura Everitt
Head of Conveyancing and Trusts Solicitor
Melissa Lirmanis
Melissa Lirmanis
Wills & Probate Paralegal

Head of department

Laura Everitt
Laura Everitt
Head of Conveyancing and Trusts Solicitor
See all the Conveyancing Team

Other Information

Contact Us

Contact a member of the Conveyancing team today

01525 378 177

Sign up for our free quarterly newsletter and you will receive the latest news and information about up-and-coming events.

Our brochure introduces the partners of the firm, the company’s core values and details the service we offer.

Give your family a helping hand and protect your digital legacy with our Life Organiser

Accreditations & Awards

SME Luton Beds Business Award_Winner_2019Awards Night 2019In May of this year, we won the title of ‘Leighton Buzzard Business of the Year 2019’ at the SME Luton & Bedfordshire Business Awards.

We were delighted to receive the ‘Leighton Buzzard Business of the Year’ award for our dedication to providing the highest standards of client care whilst building strong links with the local community, supporting local charities and connecting businesses together.

Lexcel Law Society Accredited Certainty the National Will Register
Law Society Conveyancing Quality Accredited
Clinical Negligence Accredited - The Law Society
Bedfordshire Businesswomen Finalist 2018
riliance excellence in compliance
Bedfordshire Business Enterprise Awards Winner
Top Ranked Chambers UK 2015
Top Ranked Leading Firm - Chambers UK
apil logo
AVMA logo Cyber Essentials logo