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1. Choose a solicitor · 2. Contract, deeds and mortgage · 3. Search and enquiries · 4. Exchange of contracts · 5. Completion. Before you exchange contracts; Exchanging contracts; Completion date During the exchange of contracts, both solicitors or conveyancers will read out the. In any conveyancing transaction, two key events in process will be the 'exchange of contracts' and 'completion'. Exchange of Contracts.

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At the point at which the solicitors confirm with each other they hold all the legal documents required for the transaction to complete, they 'exchange'. What happens on Completion? Completion is the point where the buyer s solicitor transfers the purchase money from their bank account to the seller s. Your solicitor will then do some additional pre-completion searches and protect your interests and those of your mortgage lender so that your purchase and the.

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BUYING · Stage 1 – Instructing a conveyancer · Stage 2 – Searches · Stage 3 – Planning a Completion Date · Stage 4 – Exchange of Contracts · Stage 5 – Completion. Completion Day Order of Events. The buyer's conveyancer should ensure that he has both the mortgage funds (if a mortgage is required) and funds from his. 1. Choose a solicitor · 2. Contract, deeds and mortgage · 3. Search and enquiries · 4. Exchange of contracts · 5. Completion.