Payment of balance


 

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Payment of balance

This usually takes place between a week and a month after exchanging contracts. It is possible to have a simultaneous exchange and completion if you are in a real hurry to get moving. When you complete the sale, your solicitor forwards the remaining balance of the purchase price to the seller's solicitor. You then have the right to take occupancy of the property and are free to move in.



Payment of balance

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Further Suggestions

Interest payments
Monthly repayment
Single payment bond
Payments netting
Standard payment calculation
Balloon payment
Balance of payments surplus
Prepayment penalty
Clearing House Automated Payments System (CHAPS)
Periodic payment plan
payment card
Payment shock
Documents against payment
Prepayment penalty
call payment
Zero prepayment assumption
European Payments Union
Optional payment bond
Graduated Payment Mortgage
Skip payment privilege
Prepayment speed
Installment payments
Transfer payment
repayment mortgage
Balance of payments


 
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