D

Deeds

Legal title documents proving ownership. The deeds will be held by the mortgage lender.

Deposit

A sum of money (usually 10%) paid by the buyer on exchange of contracts.

Detached

Term used to describe a property that stands alone and is separated from all others.

Development

A newly built residence or an older property which has been refurbished and modernized.

Dilapidations

Any disrepair or damage to a rented property.

Disbursements

Fees paid by the buyer's solicitor on the buyer’s behalf such as stamp duty, land registry and search fees.

Discharge

Paying off a mortgage.

Draft Contract

Preliminary, unconfirmed version of the contract.