What Happens on Completion Day? A Guide for Cardiff Home Buyers

What Happens Before Completion Day?

Before completion can take place, your solicitor and mortgage lender carry out final checks.

✔ Mortgage Funds Requested

Your solicitor confirms that all mortgage conditions have been satisfied and formally requests funds from your lender.

Lenders may also perform last-minute credit checks. Avoid taking out new loans or finance agreements before completion, as this could affect your mortgage offer.

✔ Seller’s Mortgage Redemption

If the seller has an existing mortgage, their solicitor will request a redemption statement. This confirms how much is owed and ensures the balance is cleared from the sale proceeds.

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What Happens on Completion Day?

On the day itself:

1. Both solicitors carry out final legal checks

2. Completion statements are confirmed

3. Outstanding fees (estate agent and conveyancing fees) are settled

4. Your solicitor transfers the purchase funds

5. The seller’s solicitor confirms receipt

6. The estate agent releases the keys

Once funds are received, you can collect your keys and legally take possession of the property.

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How to Ensure a Smooth Completion Day

For Sellers:

• Be fully packed before the morning of completion

• Vacate the property by the agreed time (typically 12–2pm)

For Buyers:

• Keep your phone nearby

• Be ready to collect the keys

• Ensure removals are organised

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How Long Between Exchange and Completion?

Completion usually takes place 7–28 days after exchange of contracts, though this can vary depending on the property chain.

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What Is the Best Day to Complete?

Fridays are popular, but they can be busier and more expensive for removals. Completing earlier in the week can reduce stress and potential delays.

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Buying a House in Cardiff?

Understanding the completion process helps remove uncertainty and stress.

Fortis are your trusted Cardiff estate agents, guiding buyers through every stage of the property journey.

📞 Call 02920 561111
📧 Email hello@fortis.homes