What is a Completion Statement?

A completion statement is a detailed financial breakdown prepared by a solicitor or conveyancer that shows exactly how much money is involved in a property transaction — and who owes what — at the point of completion (the final stage when the property officially changes hands).

What Does a Completion Statement Include?

For a property buyer, a completion statement typically shows:

• Purchase price of the property

• Deposit already paid

• Mortgage funds to be received from lender

• Legal fees

• Stamp Duty Land Tax (SDLT) (if applicable)

• Land Registry fees

• Bank transfer fees

• Any other disbursements or third-party charges

The statement shows the final balance the buyer needs to pay to complete the purchase.

For a Seller?

It might include:

• Sale price of the property

• Mortgage repayment due

• Estate agent fees

• Legal fees

• Net proceeds the seller will receive

Why Is It Important?

• It gives full transparency of costs.

• It ensures all funds are correctly handled on completion day.

• It acts as a record for your personal and company accounting (especially if the property is held in a company structure).