Date of Entry
As the date of entry approaches, we would obtain your loan from your lender and make arrangements with you to put us in funds for the balance of the purchase price. We would also look for payment of outlays such as Land and Buildings Transaction Tax (LBTT) at that time.
The date of entry is when the price is paid over to the seller’s solicitor in exchange for the keys and the title deed in your favour. Any Land and Buildings Transaction Tax (LBTT) would be paid and the Disposition would then be recorded in the Land Register in Edinburgh, along with any Standard Security, to complete the transfer of the title.
