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The complete purchase worth (minus any deposit already paid) is received by your instructed solicitor on the day of completion, and the brand new house owners can transfer in. The instructed solicitor will receive a closing redemption assertion out of your mortgage lender and details of your estate agents' fee. The instructed solicitor will contact the client's [solicitors](https://git.bloade.com/libbydamon722) to change contracts, confirming that both you and the buyer have signed and dated the contract.
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Deed - A formal doc stating the owner of the property and who it's being transferred to. Land registry fee - A payment paid to the Land Registry to register the possession of a property. This is also called conveyancing. Mortgage - This can be a mortgage to help you pay for the property you are attempting to buy. stamp responsibility and so forth. Disbursements - The fees your solicitor has to pay to others in your behalf e.g.
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