Completion | Definition
Completion is the point in the conveyancing process when the seller moves out and the buyer takes full ownership of the property.
On the day of completion:
- The buyer's solicitor will send the balance of funds required to complete to the seller's solicitor
- The seller's solicitor sends the title deeds and transfer deeds to the buyer's solicitor
- The seller vacates the house or flat
- The seller's solicitor pays the state agents fees
- The buyer collects the keys from the estate agent and can move in
Most completions take place on a Friday.
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Gaynor Haliday, Legal researcher
About the author
Gaynor Haliday is an experienced legal researcher and published author. She has had numerous articles published in the press and is a legal industry commentator.