The deed of a property refers to the legal paperwork that proves ownership. It also contains essential information such as boundaries and other relevant factors about the property and land. It acts in a similar way to a motor vehicle logbook, in that the details are updated every time a property is sold and bought by another person.
Month: March 2024
Over 318,000 first-time buyers helped by the Bank of Mum and Dad in 2023
Buying a house is an aspiration of many young people but it has never been easy. Even if you are in a position to be able to apply for a mortgage, you will need a deposit. There are also the costs of surveys and legal fees to take into account. This is why thousands of young people are asking their parents to help them get on the property ladder for the first time. Welcome to the ‘Bank of Mum and Dad’!