What is a Completion Statement?

A completion statement is a detailed financial document prepared by a solicitor or conveyancer that sets out all the money changing hands in a property transaction — including what each party owes and receives — at completion, the final stage when legal ownership officially transfers.

What Does a Completion Statement Include?

For a buyer, a completion statement typically includes:

• Purchase price of the property

• Deposit already paid

• Mortgage funds to be received from lender

• Legal fees

• Stamp Duty Land Tax (SDLT) — or its equivalent in Scotland (LBTT) and Wales (LTT) — where applicable

• Land Registry fees

• Bank transfer fees

• Any other disbursements or third-party charges

The statement clearly shows the final balance the buyer needs to transfer to their solicitor in order to complete the purchase.

What Does a Completion Statement Include for a Seller?

For a seller, a completion statement typically includes:

• Sale price of the property

• Mortgage repayment due

• Estate agent fees

• Legal fees

• Net proceeds payable to the seller after all deductions

Why Is It Important?

Receiving and checking your completion statement carefully before completion day is essential — errors can delay the transaction or result in the wrong funds being transferred.

• 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).