6. Pre-completion

Conditions

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- Exchange must be complete.

6.1. Estate agent account received

This step is actioned if there is an estate agent and they have sent you their invoice. It records the amount of their invoice for the completion statement and writes to your client for their approval to pay it on completion.

Conditions

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An estate agent is not involved. An estate agent must be involved. Set in Initiate sale process.

6.2. Completion statement

This process produces a completion statement.

Conditions

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- An estate agent must be involved (Set in Initiate sale process) and Estate agent account received must be complete.

Note

6.3. Transfer received

When the buyer has sent you the draft transfer for approval, this process either sends the transfer to your client for signature or returns it to the buyer's solicitors for amendment.

Conditions

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The transfer has previously been marked as correct. Draft transfer has not been identified as being correct and completion statement must be complete.

6.4. Seller signed transfer

If you have approved the transfer and sent it to your client, and they have sent it back signed, this procedure records the date the transfer was signed ready for completion. It also records whether we are authorised to pay the agent.

Conditions

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The transfer has not previously been signed. Transfer received must be complete.

6.5. Reply to requisitions

Once you have approved the transfer, this procedure loads a Laserform and sends the form back to the solicitors for the buyer clarifying, amongst other things, where they should send the completions monies.

Conditions

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- Seller signed transfer must be complete.

6.6. Pre-completion checklist

Immediately prior to completion, this procedure produces a checklist for the file confirming that you have checked for second charges and are authorised to complete, etc.

Conditions

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- Reply to requisitions must be complete.