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Glossary of conveyancing terms

P

PARTY WALL
A wall owned jointly with a neighbour and repairable at shared expense.

PLANNING PERMISSION
Approval by the local authority to the building or change of use of a property or extension to an existing property.

POLITICALLY EXPOSED PERSONS
A PEP is a person who has been entrusted within the last year by: a state other than the UK a community institution, or an international body and who fulfils one of the following public roles:

heads of state, heads of government, ministers and deputy or assistant ministers Members of Parliament members of supreme courts, or constitutional courts or of other high-level judicial bodies whose decisions are not generally subject to further appeal, except in exceptional circumstances members of courts of auditors or of the boards of central banks ambassadors, chargés d'affairs and high ranking officers in the armed forces members of the administrative, management or supervisory bodies of state-owned enterprises. PEPs will also include this person's family members and known close associates.

POWER OF ATTORNEY
The document to be signed by somebody to appoint somebody else to act as their attorney.

PRIVATE ROAD
A road maintained by property owners rather than by the local authority. The property owners need to have rights over it as it is not necessarily a public access.

PROPERTY INFORMATION FORM
This is a questionnaire about the property completed by the sellers. It covers such items as guarantees, neighbour disputes and boundaries.

PURCHASE
The buying of a property.

PURCHASER
See buyer

01603 877066 or 01603 877067

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company address
Greyfriars House,
18-20 Prince of Wales Road, Norwich, NR1 1LB
Phone: 01603 877066 or 01603 877067
FAX: (01603) 230125
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*MJP Conveyancing LTD is authorised and regulated by the Solicitors Regulation Authority – SRA No. 590889 http://www.sra.org.uk/solicitors/handbook/code/content.page.

MJP Conveyancing Ltd is a company registered in England and Wales Registered No: 8026741 VAT Number: 157917571. A full list of the directors is available upon request. We use the word 'Partner' to refer to a Director of the Limited Company, or any employee or consultant with equivalent standing and qualification. Equality and Diversity Policy Equality and Diversity Policy Statement for Clients * - In calculating this we measure the average time it takes to reach the stage of exchange ( not the date you actually move in which is known as the completion date) from the date we receive the contract from the sellers solicitors or from when we send the contract to the buyers solicitors. This period can be longer when delays arise which are not within our control. We cannot guarantee that we can achieve this average turnaround time in all transactions. This turnaround time does not apply to leasehold and leasehold and new build transactions.