As a Purchaser…

An interest in the property will be lodged by your solicitor meaning that the deeds to the property you are purchasing will be frozen for 30 days. This is to allow payment from the purchaser to the seller and for an application to be placed to the Land Registry to transfer the property title deeds to your name. If the property is an Unregistered Title this timescale may take longer.

Once exchange of contracts has happened, all parties should arrange for their removal services on/prior to the date of completion. The seller will be in the process of moving out and will be obligated to have vacated the property before or on the day of completion, in readiness for key release on the agreed date.

Your solicitor will send you a final completion statement showing the figure due (including any additional search fees and additional funds to complete the purchase) which will need to be cleared into your solicitors bank account at least one day prior to completion.

As a Seller…

You will be required to move out either on the day or in the days before completion in readiness for keys to be released to the new owners. Once exchange of contracts has happened, all parties should arrange their removal services in preparation for the date of completion.

Your solicitor will send you a statement showing the final balance due, including their charges, which will need to be cleared into your solicitors bank account at least one day before completion.