HM Land Registry is responsible for keeping a record of ownership of land (including properties) in England and Wales. All changes in ownership must be registered and the buyer’s solicitor usually does this.

Leasehold is a legal term that indicates that you have ownership of the property but not the land that it is built on. A payment of ground rent to the landlord is usually required.

The types of ownership available in England and Wales are freehold and leasehold and the basis of ownership is identified in the property’s Title Deeds.

A professional person used as an alternative to a solicitor to carry out the legal work involved in buying and selling property. A licensed conveyancer must be properly qualified and licensed to carry out the work.

The amount of mortgage expressed as a percentage of the property value. For example, if a house was purchased for £100,000 and a mortgage of £90,000 was secured, the LTV would be 90%.