Completion

On the date of entry, your solicitor pays over the full purchase price to the seller's solicitor, who then instructs the seller or the estate agent to release the keys and send the title deeds and new disposition to your solicitor (some areas of Scotland have slightly different mechanisms for this settlement stage but the result is the same).

Your solicitor pays any stamp duty to the HMRC, and sends the new deed to the Land Register of Scotland with the security for registration of the property in the name of the purchaser.

The seller's solicitor repays the seller's mortgage from the money he holds, deducts the legal and estate agency costs, and either sends the balance to the sellers (in their new home) or utilises that money towards the seller's own purchase if happening at the same time.