This is a financial statement sent from the buyers conveyancing solicitor to the buyer.
It is a breakdown of the amount of money already paid (deposit), the amount of money required to complete the property purchase and any other sums that have passed through the solicitor’s hands in relation to the purchase.
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.