on 19-08-2018 06:37 PM
This one is a a little random.
We are acting for incoming proprietor - who are selling interstate on 1/10/18 (their sale is linked to a prior sale in Victoria on the same day. (cannot be moved)
Although our contract is for Settlement also on 1/10/18 - it is a public holiday in South Australia.
It is a substitute security and the Bank want same day Settlement (I am happy to do it on a public holiday !)
Any solutions to this ?
on 19-08-2018 08:20 PM
Can you outline the jurisdictions in which all of the properties in the chain are located?
on 19-08-2018 08:34 PM
Two Victorian matters second one of these is our client PoT with Bass Coast Conveyancing - then same client is incoming proprietor in SA
St George (bank of Melbourne) is substituting security on Vic property with purchase in SA - all due 1/10
- victorian properties can't change Settlement
- St George wont set up substitute security for term deposit for one day
- the PoT of SA Proprietor is not Pexa friendly - we have convinced them must be PEXA for these settlements..
Trust this makes sense ?