on 28-03-2019 03:57 PM
On completing my first Purchase, with an Incoming Mortgagee, I was disappointed to see that as the subscriber representing the Incoming Proprietor we are not notified when the Transfer has registered.
At the very least the Incoming Mortgagee should load the Registration Confirmation Statement into the Platform as the last step if DNRME can't cc. the subscriber acting for the Incoming Proprietor.
on 28-03-2019 04:24 PM
Firstly, welcome to the world of PEXA!
In relation to your post, I note that this is not something you'd receive in the paper world either. But, having said that, you can click on the transfer in the documents tab to expand and it will show you the registration status and give you a dealing number.
Hope this helps.
on 29-03-2019 02:38 PM
RCS does not issue until after registration is complete.
Registration occurs after settlement is complete (in the vast majority of cases).
PEXA workspace is locked down as soon as the settlement/registration process commences.
So it is not possible to attach a document post settlement/registration.
on 01-04-2019 01:08 PM
I am aware of the time frame as to when an RCS issues.
I would simply like to see the Incoming proprietor's solicitors being notified when the RCS issues and not just the incoming mortgagee. The incoming mortgagee never notifies their customer of registration with a traditional settlement which has always been poor customer service and is all about the bank protecting their interests only.
I suppose my client will have to order a fresh title search if his builder wants evidence of ownership before commencing construction.