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This is the last stage in the purchase of a property. The legal documentation is finalised and the lender has sent the mortgage funds to the purchaser's solicitor.
Once the purchaser's solicitor forwards the funds to the seller's solicitor the property is now owned by the Purchaser
See Also: Moneyextra's Mortgage Centre and Mortgage Comparison Service now.
Last Updated: May 2007 © Moneyextra.com
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