What happens on completion day?
The short answer
On completion day, the buyer’s solicitor sends the money to the seller’s solicitor. Once it arrives, the seller’s solicitor confirms and the estate agent releases the keys. In a chain this happens in sequence, so keys can arrive anywhere from late morning to the afternoon.
Why?
Completion is the day ownership changes hands. Money moves through each solicitor in the chain, so a delay at one point holds up everyone after it.
What can cause problems?
- Funds sent late or held by bank checks
- A delay further down the chain
- The seller not having moved out
- Removals booked too early in the day
What should you do?
- Check funds are with your solicitor before the day
- Book removals with a flexible start
- Take meter readings and photos
- Collect keys once the agent confirms
- Keep your phone on for your solicitor
What happens next?
- 01Funds are sent
- 02Seller’s solicitor confirms receipt
- 03Keys are released
- 04You move in
- 05Your solicitor pays Stamp Duty where due and registers you
How can Properfy help?
Not sure what you need? Tell us about your move and we’ll help you work out the next step.
You might also be wondering
When do I get the keys?
Once the seller’s solicitor confirms the money has arrived. The agent will let you know.
What if completion is delayed?
The contract sets out what happens. Usually interest is charged and a new time is agreed. Your solicitor will guide you.
What if the money hasn’t arrived?
Your solicitor can trace the payment. Keys aren’t released until it arrives.
Questions this guide answers
- What happens at completion?
- When do I get the keys?
- What happens if completion is delayed?
- What happens if money has not arrived?
- What do I need to do before completion?