Selling a home in Scotland

Completion

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

The purchaser's 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.

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