United Kingdom Encyclopedia of Law     Wiki Legal Encyclopedia (BETA)
What do you need to know about law? Search in more than 1.500.000 entries

Completion Statement in United Kingdom

Completion statement in the Context of Mortgages

A statement, prepared by the seller, stating exactly how much the buyer should be paying on completion.

Similar Terms

Completion

Completion

This is the date when the buyer’s solicitor forwards the funds for the purchase of the house to the seller’s solicitor. Once the seller’s solicitor has received the funds, the buyer legally becomes the owner of the property and can move in. The mortgage must be effective before this date in order for the funds to be transferred. The buyer must also pay stamp duty, if applicable, and register their name with the Land Registry.

Completion date

Completion date

The point at which contracts have been exchanged and legal transfer of the property from the seller to the buyer is finalised. The buyer can take possession of the property from this day.

This is an advance summary of a forthcoming entry in the Encyclopedia of Law. Please check back later for the full entry.



Law is our Passion


This entry about Completion Statement has been published under the terms of the Creative Commons Attribution 3.0 (CC BY 3.0) licence, which permits unrestricted use and reproduction, provided the author or authors of the Completion Statement entry and the Encyclopedia of Law are in each case credited as the source of the Completion Statement entry. Please note this CC BY licence applies to some textual content of Completion Statement, and that some images and other textual or non-textual elements may be covered by special copyright arrangements. For guidance on citing Completion Statement (giving attribution as required by the CC BY licence), please see below our recommendation of "Cite this Entry".

Cite this entry

Legal Citations Generator

(2017, 05). Completion Statement lawi.org.uk Retrieved 06, 2021, from https://lawi.org.uk/completion-statement/

05 2017. 06 2021 <https://lawi.org.uk/completion-statement/>

"Completion Statement" lawi.org.uk. lawi.org.uk, 05 2017. Web. 06 2021. <https://lawi.org.uk/completion-statement/>

"Completion Statement" lawi.org.uk. 05, 2017. Accesed 06 2021. https://lawi.org.uk/completion-statement/

Patricia M. Leopold, 'Completion Statement' (lawi.org.uk 2017) <https://lawi.org.uk/completion-statement/> accesed 2021 June 16

Usage Metrics

608 Views. 450 Visitors.

Google Scholar: Search for Completion Statement Related Content

 

Schema Summary

  • Article Name: Completion Statement
  • Author: Patricia M. Leopold
  • Description: Completion statement in the Context of Mortgages A statement, prepared by the seller, stating exactly how much the buyer [...]

This entry was last updated: May 22, 2017

CO


Mortgages


Short Read

Recent Comments