253. Financial statement to client.

The buyer's solicitor should prepare a financial statement for his client showing the total sum which is due from him on completion and how that sum is calculated1. In addition to the matters dealt with on the completion statement2, the financial statement should also take account of the mortgage advance and any costs or retentions made in respect of it, disbursements such as stamp duty land tax (SDLT)3, Land Registry fees, search and registration fees and the solicitor's costs