Where a property is being purchased with a mortgage, the lender will forward the mortgage funds to the purchasers lawyer's trust account usually before 12:00 pm. The closing funds are then certified and forwarded to our firm by courier along with all closing documentation.
The lawyers will hold all funds and keys in escrow until the Purchasers are registered in the Land Registry Office as the new owners of the property. Once registered, our office will release funds once the transaction is complete - usually in the late afternoon before 5:00 pm.
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