Pre-completion search is performed for both the buyer and the lender in the case of a mortgage.

• A. True
• B. False
• C. Only for buyer
• D. Only for lender

Answer: (A)

Pre-completion searches are carried out to protect both the purchaser and the lender by ensuring nothing has changed since the contract was formed that could affect title, boundaries, or value before funds are advanced and completion takes place. The buyer’s solicitor checks for issues that would affect ownership or enjoyment of the property, while the lender’s solicitor requires up-to-date confirmation that the security remains sound and unaltered. Because both interests are at stake—the buyer’s ownership and the lender’s security—these searches are conducted for both sides in a mortgage transaction. If searches were done for only one party, there would be unnecessary risk: the buyer could complete into hidden problems, or the lender could advance funds without proper protections.