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Moneyextra.com Dictionary

Completion

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 purchasers solicitor.

Once the purchasers solicitor forwards the funds to the sellers solicitor the property is now owned by the Purchaser

See Also Moneyextra.coms Mortgage Centre and Mortgage Comparison Service now.

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2009-02-17 00:00:00 © Moneyextra.com