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What happens on completion?

On the day of completion the buyer’s solicitor will send the purchase money to the seller’s solicitor. The seller’s solicitors will then formally confirm completion has taken place and authorise the estate agents to release the keys to the property. In order to provide a vacant possession, the seller must ensure that the property is vacant and that all contents are removed, except for the items referred to on the fittings and contents lists which was provided at the outset of the transaction. Any additional items to be left at the property have to be identified and agreed with the buyer. Once in the new property the buyer might wish to read all of the meters and check that the gas, electricity, and water are working. Notify the utility providers of the change of ownership and of the meter readings. Check the property against the fittings and contents list prepared by the seller and consider changing the locks at the new property.