on 06-07-2016 11:44 AM
on 06-07-2016 11:44 AM
The LTO (Victoria) have decreased their paper caveat fees to $46.30 as of 1 July 2016. Pexa fees reamin at $52.65 (total) for lodging a caveat. Does Pexa plan on reviewing their fees to make it more attractive for us to use, given this was one of the selling points?
Solved! Go to Solution.
on 06-07-2016 01:51 PM
on 06-07-2016 01:51 PM
SolutionHi TA_TP, thanks for your question!
You are correct that the Victorian LTO has decreased its fee for paper caveats to $46.30 and the LTO + PEXA fee is slightly higher at $52.65 ($37.80 for electronic LTO fee + $14.85 for PEXA fee).
PEXA reviews prices annually as per its pricing policy (please find the link to the pricing policy here) and has a national price consistent across all jurisdictions.
While the overall fee for an electronic caveat is higher in Victoria, it is important to note the advantages for conducting caveats electronically:
Hopefully this provides a bit of context. If you would like any more information on this, please let me know.
Regards
Chris Bodikian
on 06-07-2016 01:51 PM
on 06-07-2016 01:51 PM
SolutionHi TA_TP, thanks for your question!
You are correct that the Victorian LTO has decreased its fee for paper caveats to $46.30 and the LTO + PEXA fee is slightly higher at $52.65 ($37.80 for electronic LTO fee + $14.85 for PEXA fee).
PEXA reviews prices annually as per its pricing policy (please find the link to the pricing policy here) and has a national price consistent across all jurisdictions.
While the overall fee for an electronic caveat is higher in Victoria, it is important to note the advantages for conducting caveats electronically:
Hopefully this provides a bit of context. If you would like any more information on this, please let me know.
Regards
Chris Bodikian