on 27-03-2018 03:31 PM
I am trying to register a second mortgage on a Victorian title via PEXA where Bendigo Bank is the first mortgagee.
Bendigo have advised that I need to write to their Consents department via post and forward a cheque for $150.00 in order for the bank to nominate the title on PEXA.
I recently registered a second mortgage on title where ANZ Bank was first mortgagee and they accepted the invitation on PEXA and nominated the title without charging a production fee.
Has anyone else registered a second mortgage with Bendigo Bank?
Solved! Go to Solution.
on 27-03-2018 05:15 PM
Bendigo Bank are not the only FI to require a Production Fee or Consent Fee, but not all FI's still charge such a fee if processing via PEXA.
Some will want the fee up front, as it appears Bendigo do, before they will even consider the Consent request.
Some are happy to include it as part of the PEXA workspace but this would require the workspace to be a financial settlement workspace with a settlement date.
Others no longer charge the fee at all.
Only NSW & VIC properties require the prior mortgagee to be a party to the PEXA workspace.
So the other States will always need the fees paid by cheque.
Here at Westpac we do require a Consent fee, at time of assessment of the request, but we normally draw this from our Customer's account (with authority) rather than have the 2nd mortgagee provide the fee.
on 29-03-2018 04:16 PM
Thank you for your response.
Do you have a contact at Bendigo Bank I can speak to?
I requested the title to be nominated via PEXA, who have referred me to the consent department who then request an production fee of $150.00.
on 03-04-2018 10:12 AM
@AnnPC I note your comment that Bendigo Bank will no longer charge a consent fee for matters being transacted in PEXA. I am in the process of registering a Survivorship Application the Title to which Bendigo Bank are the eCT Controller. A conversation has sent by the Bank to us on 29/03/2018 asking us to upload a copy of the Death Certificate (all good and can do) but to also send a cheque for the consent fee of $150.00 to the Consents Department. Should I write back and point out that this fee is no longer required?