When will I get the keys to my new house?
On the day of Completion, when the magic happens, the purchase funds are transferred to the client account of the seller’s solicitor.
Once the funds have arrived, the seller’s solicitor is required to confirm receipt of funds with us, and to contact the estate agents to release the keys.
As soon as we have the green light, we will contact you to confirm Completion has taken place and recommend that you contact the estate agents to arrange the collection of keys, if they have not already been in touch.
Then, that’s it, you can add your fancy key rings to your keys and the property is yours.
At MG Legal, our team of property solicitors understand that the all-important question for our clients, in respect of Completion, is what time Completion will take place. This can be required for all kinds of reasons, for example, to confirm with removal companies, to request any required time off work or simply for the pure excitement of the big move.
In many cases, Completion can take place before midday. There are, however, a number of factors to consider, in order to be realistic as to when Completion will be deemed to have taken place.
See our Preston solicitors’ guide here, in which we discuss which can speed up Completion taking place, but also slow this process down.