Hi Heather,
We continue to see a number of requisitions from QLD titles office due to error in Priority Notices that have been lodged by conveyancers/solicitors under the PEXA workspace. The reason for the requisition is the mortgagee (incoming bank) name does not match.
Banks do not have the ability to create a priority notice and hence cannot validate the claims of the solicitor/conveyancer. The last time I had raised this concern with PEXA Support, I was advised that the bank name box is a FREE TEXT space - if that is correct, why are we getting so many issues where ANZ bank name is continuously coming up as ANZ RETAIL & SMALL BUSINESS?
Solicitors/conveyancers continue to select ANZ RETAIL & SMALL BUSINESS instead of AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED when preparing the priority notice. Many of the conveyancers/solicitors are either refusing to withdraw the priority notice or not aware of the process of withdrawal once the PEXA workspace has settled. We should not have to wait for 60 days for the priority notice to lapse in order to have the documents registered.
We now have solicitors wanting the bank to pay for them to withdraw the incorrect priority notice. This has become a very frustrating exercise every time a priority notice scenario is involved. Below is an extract of a solicitor response received:
Our priority notice was lodged per the representatives entered into the PEXA workspace. We note our priority notice would not have been accepted had it not noted the representatives as they were set up (by ANZ) in the workspace.
It is therefore not necessary (or appropriate) for us to attend to the withdrawal of our priority notice at our cost. | As previously advised, we are happy to assist with the withdrawal for the fee advised. That offer still stands. |
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We would appreciate if this ongoing frustrating issue can be addressed & highlighted with the conveyancers/solicitors?
Thank you
