On the Completion Date, the remainder of the purchase money is handed over to the seller's solicitor in exchange for the transfer document (this passes ownership from the seller to the buyer) and the title deeds.

This is the final stage of the purchase, once contracts have been exchanged and the money has changed hands the property is legally yours.

Lastly within 30 days of completion payment of stamp duty (if appropriate) must be paid. This is a government tax calculated at 1% of the value of the property and is usually payable on all property over £125,000.  However until 2nd September 2009 the lower limit has been increased to £175,000, For example a house costing £175,000 will attract stamp duty of £1,750.  The rate increases to 3% on property over £250,000 and 4% from £500,001.

Within two months of the completion date, it is necessary to register the buyer as the owner of the property with Land Registry.

Both of the above will be organised by Forces Homes solicitor.