Woolliscrofts Solicitors
Property Department- Frequently Asked Questions
(8) What happens on the completion date?
On completion the buyer' s solicitors send the seller's solicitors the money needed to complete the purchase. If you are buying, we will arrange for your mortgage lender to send us your mortgage money on the completion date. If you are selling, we will pay off your mortgage when we receive the money from your buyer's solicitor. When the money has changed hands, keys must be handed into or collected from the estate agents (depending on whether you are selling or buying). We will let you know when it is key hand-over time. Normally it is around lunchtime. Please don't arrive at the estate agents to collect the keys to your new house at 9am. Money cannot start to change hands until the banks open for business and it takes a while for funds to be transferred between banks!
Contact Woolliscrofts on FREEPHONE 0800 083 97 87,
or send us a free no obligation enquiry by e-mail.
There is no charge for an initial enquiry, and contacting us does not commit you to using our services.