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Completion date

This is the date on which the money for the purchase is officially transferred from buyer to seller and ownership changes hands.

The completion date is usually agreed in advance between the buyer and seller through their solicitors. In some situations Completion may happen simultaneously with the Exchange of Contracts but it is more customary for there to be a delay of a few weeks for everyone to get ready to move.

To learn more about the conveyancing process go to:
The conveyancing process