On the completion date, the following will occur:
- The purchase price is completely paid off to the seller’s conveyancer;
- If there is a mortgage, the mortgage lender sends the mortgage money;
- If you are the seller, your mortgage is paid off from the money received from the buyer’s solicitor;
- When the monetary transaction is complete, the buyer collects the keys to the property from the estate agent (or seller directly, if no estate agent is used).