Property completion is the day that you get the keys to your new property and that the money is paid over to the seller’s lawyer. The date will have been agreed between you and the home seller prior to exchange of contracts and will be a fixed date on which both you and the property seller are contractually bound to complete. Over the next week we will be publishing our 3 part guide to Property Completion.
Agreeing a completion date
Before your lawyer exchanges the contract you will be asked for a completion date. There will usually be at least one week between exchange and completion to allow time for the mortgage funds to be ordered from your lender and final searches to be completed (though this can often be done quicker if required) and it must be a weekday but other than that you and your seller are free to agree a date that suits you both.
