Completion Statement Explained
Understanding every line of your solicitor's completion statement — income items, costs, and new build specifics.
About This Resource
A clear guide to understanding your solicitor's completion statement: what it is and when you receive it, income items explained (mortgage advance, deposit, balance due), outgoing items explained (purchase price, SDLT, Land Registry fees, searches, solicitor fees, CHAPS fees), a fully annotated example completion statement, and new build-specific items including reservation fee credit, developer incentives, upgrades, service charge apportionments, ground rent under the 2022 Act, and estate management fees.
What's Included
- Income items explained
- All outgoing costs detailed
- Annotated example statement
- New build specific items
- Developer incentive treatment
Who Is This For?
New build buyers who have received or are expecting their completion statement and want to understand every line item before transferring funds.