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Paying Your Solicitor: On Exchange or Completion?

Deposit on exchange, the rest on completion.

Paying Your Solicitor: On Exchange or Completion? Residential Property Services in London

Updated October 2026 · Fraser Bond

Conveyancing · Payments

When you pay your solicitor

Searchesupfront
Depositon exchange
Balanceon completion
Verifybank details
In short: Most solicitors ask for money on account at the start to pay for searches. When contracts are exchanged, a buyer pays the deposit, often 10% or as agreed. On completion, the solicitor needs the rest of the purchase money, their fees and VAT, the Stamp Duty and Land Registry fees, usually a few days before. Sellers' fees are normally deducted from the sale proceeds. Conveyancing fraud is common, so always confirm your solicitor's bank details by phone using a number you already trust.

What you pay, when

1
InstructionPay money on account for searches.
2
ExchangePay the deposit; the contract becomes binding.
3
Before completionSend the balance, fees and SDLT.
4
CompletionFunds go to the seller; keys are released.

Frequently asked questions

Can I pay fees after completion?

Rarely; solicitors usually need them before.

How do I avoid fraud?

Never trust bank details sent by email alone.

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