D

Deedholder

The party that has the Title Deeds to your property. If you have a mortgage on your property these will be held by your current lender. If not, these documents are likely to be in your possession or held by an appointed firm of solicitors.

Defect in Title

A problem with the paper title relating to a property eg the lack of a right of way to the property Usually it is possible to deal with such matters by the obtaining of an insurance policy which will allow the transaction to proceed.

Deposit

A payment made to the seller from the buyer on exchange of contracts. Usually 10% of purchase price and it is not refundable if buyer later withdraws.

Disbursements

Charges payable to third parties i.e. land registry/local authority. Please Note: These charges are estimated and may be slightly higher or lower than those quoted. You will however be notified of any changes.