What does 'Title Deeds' mean when buying a property?
Find out what Title Deeds means when you are buying a property. 'What does Title Deeds mean?' plus over 150 other property related terms and jargon in plain English
A Title Deed is an official legal document which states who owns a particular property. If there is a mortgage on the property the title deed will be with the lender or bank that provided the loan, otherwise they will be with the vendor.
A solicitor might say "I need to check the title on the property" by which they mean they need to look at the Title Deed.
"Establishing Title" (finding out who owns the property) is essential because anyone can place a property on the market for sale. I can rent a house and then tell a local estate agent its mine and I'm selling ... they don't check!
To find out all the lingo you'll need to purchase a property the smart way pick up a copy of my ebook How to Really Buy a Property.