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Hi Natalie   You need to get the purchasers conveyancer to agree to open a source account for the deposit and they are then in control of release of those funds on settlement Cheers Nicole  ... View more

hi there - no vendor source accounts as yet and i have had no indication of when it was coming. ... View more

Hi Doug Do we have access as vendor to a source fund?  I have deposit with agent that needs to be used to pay down mortgage - I have no other way of getting those funds to the bank on settlement with PEXA as I do not have a trust account and cannot obtain early release of those funds. regards Nicole  ... View more

Thanks Sabby   That answers everything - thanks all for contributions! Regards Nicole ... View more

Hi - I was for the purchaser with initial inquiry but also trying to get a transfer prepared in a matter where I am vendor - so trying to tell the Pur solicitor what to do in order to progress the transfer document to Prepared  ... View more

Thanks that helps  - I need to get this purchaser to enter the Stamp duty and verify it I think then they can get the transfer into prepared ... View more

thanks for those answers however  those guidelines do not give me a list of actions required to ensure that the PEXA transfer is moved into PREPARED as opposed to IN PREPARATION from the purchaser point of view - it only says : Please ensure the TOL document is prepared as soon as possible, preferably at the time of workspace creation, or at least 5 business days prior to settlement and must be satisfactory to progress to booking stage.   I currently have a purchaser who has not moved the transfer document to PREPARED therefore the bank cannot see it and we have settlement next Monday. ... View more

Thanks Brett, so what actual steps need to be taken by purchaser to set the transfer as "prepared" in order for bank to see it? ... View more

Thanks Everyone - so what happens when the transfer is "in preparation" and purchaser says they cannot sign transfer until stamping done and in that matter stamps are paid on settlement???  - so in other words what actual steps need to be completed to get the transfer to "prepared" so the bank can see it? ... View more

In this matter it was a request passed on from bank to broker to me (Solicitor) specifically to upload a transfer document into PEXA files - they then "approved" transfer via conversations to me saying " Transfer checked & verified".     ... View more

I have only had it requested once but I have only undertaken a handful of settlements  ... View more

Yes, I did it as well to save any delay but we should not be required to provide it at all.   Who can we speak to about this to make sure it doesn't happen again?   ... View more