274. Costs.

The buyer's solicitor will normally submit his bill of costs to the client before completion. The seller's solicitor may defer sending his bill of costs to the client until after completion and will deduct his costs from the net proceeds of sale (that is, after payment of any estate agent's costs and the sum required to discharge the seller's mortgage) before remitting the balance to the client or as the client directs. In view of the Law Society's recommendations in relation to the prevention of mortgage fraud and money laundering