Just 4 Mortgages
What Is A Solicitors Completion Statement?
Guide
Just before completion, your solicitor will send you a completion statement usually via email, but what is this?
The completion statement shows all the financial transactions incoming and outgoing throughout the process of your purchase. It will show if there is any money that you need to send to the solicitor, how much you have sent them already, how much the lender has sent to them, how much the solicitors fees are, any stamp duty land tax due etc.
It is important that you sit and read through this statement to ensure it is correct to your knowledge. Also an important things for you to check is ensuring your solicitors fees are as you discussed with them and ensure that they have deducted any fees you have already paid to them.
As your mortgage broker, we are also happy to check over your completion statements for you!
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Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage. The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. There will be a fee for mortgage advice. The precise amount will depend upon your circumstances but a typical fee will be £494