understanding financial jargon
The purpose of Searches are to establish whether there are any encumbrances, or other disabilities or concerns which may unavailable for sale, adversely affect the value of the property, may render the property or which might cause the purchaser not to buy. Searches are usually undertaken by the Solicitor or Conveyancer acting for the purchaser. For registered land the Conveyancer will search the Land Registry. For unregistered land they will search the Land Charges Registry. There are several other searches which can be undertaken, such as local land charges, parcels index search, and others.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
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