Stage 6: Journey to completion

This is the final stage, where the legal process is completed and ownership of the property is transferred to you.

Stage overview

The final stage of your auction journey is completing your purchase. Your Conveyancer & Completion Specialist will help with the remaining legal steps and exchange of contracts. We’ll keep you updated & let you know if there’s anything you need to do before receiving your keys.

In this stage you'll

Complete the legal conveyancing process

Sign any remaining paperwork

Prepare for completion day

Collect the keys to your new property

Sellers-Hub-505034

Whats happening

Your solicitor and our Completions Team are progressing the purchase.

• A Memorandum of Sale is issued (confirming the agreed purchase details)
• Your solicitor reviews the Buyer Information Pack
• Enquiries are raised and answered

If using a mortgage:

• Surveys and checks will take place

Exchange

• Contracts are exchanged
• The purchase becomes legally binding

Completion

• Ownership of the property transfers to you
• You can collect your keys

Sellers-Hub-505032

What to expect

Your Completions Specialist will guide you through to completion.

• Introduction call from your Completions Specialist, who is now your main point of contact
• Regular updates on progress
• Ongoing communication with your solicitor

Sellers-Hub-505033

How you can help

Staying organised and responsive will help keep your purchase on track.

• Instruct your solicitor quickly
• Respond to requests promptly
• Ensure your mortgage process is progressing

Sellers-Hub-505031

When to contact us

If anything slows down or becomes unclear, get in touch.

• If you cannot reach your solicitor
• If you need clarification on the process

Need further guidance?

For more practical advice at this stage, take a look at our ‘Your Post-Sale Journey’ guide.

View guide
Need further guidance?

Journey to completion FAQs

The completion timescale starts when the buyer’s solicitor receives the draft contract pack from the seller’s solicitor.

Yes. If all parties are legally ready and agree, completion can take place earlier.

Occasionally, completion may be delayed if there are outstanding legal matters or information that still needs to be resolved. If this happens, your Conveyancer and Completion Specialist will keep you informed, explain the reason for the delay and work with all parties to help the transaction progress as quickly as possible. 

This depends on the circumstances and will be assessed on a case-by-case basis.

Once funds have been transferred and the transaction is legally completed, ownership of the property transfers to you and you’ll be able to collect the keys.

You’ll usually receive the keys once completion has taken place and the seller’s Conveyancer has confirmed receipt of the purchase funds. Your Estate Agent or Conveyancer will let you know when the keys are ready to collect and where to collect them from.

Congratulations on your new property

You’ve reached the end of your auction journey. From finding a property and placing your bids to completing the legal process, you’ve successfully navigated each stage of buying through auction. 

We hope this guide has helped you understand what to expect along the way. If you need any further support, your Completion Specialist and Estate Agent will be happy to help. 

Stage 1: Properties of interest

This is where your auction journey begins.

View

Stage 2: Creating an account & registering to bid

Once you’re interested in a property, the next step is to register.

View

Stage 3: Buyer information pack

This provides the legal and material information you need to make an informed decision before bidding.

View

Stage 4: Bidding & auction outcomes

This is where the auction takes place. Registered buyers can place bids, and the process is fully transparent.

View

Stage 5: Reservation process & ID checks

If your bid is successful, you’ll move into the reservation process.

View

Stage 6: Journey to completion

This is the final stage, where the legal process is completed and ownership of the property is transferred to you.

View
Top
Close

Please be advised that all calls made to and from iamsold are recorded. Calls are recorded for training and monitoring purposes and may also be used for complaint resolution. Calls are stored securely in accordance with General Data Protection Regulation requirements.

Close

Your session will expire in 2 minutes

If you do not interact with the site, or click the button below in the next 2 minutes, you will be logged out and redirected to the login page.