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Completion

On completion, the balance of the purchase price is paid to the seller's conveyancer in return for the title deeds of your new home.

It is possible to exchange and complete on the same day. Normally however, it is a few weeks apart.

On the completion day your solicitor will:

» Pay the agreed price to the seller's solicitor (less the deposit already paid).
» Receive and forward the 'Title Deeds' from the seller's solicitor to your mortgage lender.
» Pay the Stamp Duty and Land Registry fees.
» Stamp the transfer of ownership.
» Registrar the new ownership with the Land Registry.

The solicitor will change the deeds to your name, register the change at the Land Registry and arrange payment of Stamp Duty. The deeds will be deposited with your mortgage lender for safekeeping.

Once completion takes place you can collect the keys and you are free to move in.

Step 9
» Moving in to your new home