Completion meaning
Completion is the day the balance of the purchase money is transferred, legal ownership passes to the buyer and keys are released. In England it usually happens in the early afternoon once funds clear. Afterwards the buyer's conveyancer submits the stamp duty return and registers ownership with HM Land Registry.
Completion is one of the terms you are likely to meet when buying or selling a home in England. Here is what it means in plain English, and where it fits into your move.
What to do on the day
Take and photograph meter readings, check that agreed fixtures and fittings have been left, and report anything unexpected to your conveyancer straight away.
Key takeaway
Completion is the day the balance of the purchase money is transferred, legal ownership passes to the buyer and keys are released. In England it usually happens in the early afternoon once funds clear. Afterwards the buyer's conveyancer submits the stamp duty return and registers ownership with HM Land Registry.
Frequently asked questions
What time is completion?
There is no guaranteed time. Most completions are confirmed between late morning and mid-afternoon, and contracts often set a cut-off time such as 1pm or 2pm.
Moving day checklist
MyMoveMate covers meter readings, keys and utility notifications on completion day.
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