251. Completion statement.

The seller's solicitor should prepare a completion statement showing the amount of money required to complete the transaction and how that figure is calculated1. However, this is only regarded as necessary where the sum due on completion includes apportionments or other sums apart from the balance of the purchase price2.

If not sent to the buyer's solicitor with the answers to requisitions on title, the completion statement should be supplied in good time before completion to enable the buyer's solicitor to check its accuracy and to make arrangements with his client or clients (that is, buyer and lender) for the