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Pexa Fee - Sales without mortgage

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  • Pexa Fee - Sales without mortgage

Pexa Fee - Sales without mortgage

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fklawaustralia
fklawaustralia
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on ‎01-10-2018 07:57 AM

on ‎01-10-2018 07:57 AM

Pexa Fee - Sales without mortgage

Dear Team,

 

I am assisting a client complete a sale of property via pexa. There isn’t a mortgage on title. 

 

On the PEXA workspace the pexa fee has not uploaded like a purchase or sale where a mortgage is registered on title. 

 

Should I be add the pexa fee as a vendor destination and if so

how do i do this? 

 

Thank you for your assistance.

Category:
  • Fees and Pricing
  • Financial Settlement
  • NSW
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Karolidis_and_Co
Karolidis_and_Co Community Superuser
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on ‎01-10-2018 12:38 PM

on ‎01-10-2018 12:38 PM

Re: Pexa Fee - Sales without mortgage

I believe once the transfer is successfully prepared the PEXA fee will populate automatically (you likely need to nominate the title to the workspace first).

Nick Karolidis
Principal Lawyer & Accountant
Karolidis & Co
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RupertSu
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on ‎02-10-2018 11:11 AM

on ‎02-10-2018 11:11 AM

Re: Pexa Fee - Sales without mortgage

The PEXA fee should populate closer to settlement - at about the same time as the documents being ready for signature. In calculating your source funds, just keep in mind the PEXA fees + registration fees required that may not populate until 24-48 hours before settlement.

Rupert Su > R & R Lawyers > L4, 447 Kent St, SYD 2000 > email@rrlawyers.com.au
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