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Hi team, we have a completed Survivorship Application (all registered etc) that's still sitting in 'Ready' status. How do I get it into 'Completed' status? Thanks

PeninsulaConveyancingandLegal · ‎15-11-2018

@GeorgePolus this is where the sale can't take place in PEXA but the purchase MUST as the purchase doesn't fit within an exclusion. So we have a paper sale settling on Friday (with bank cheques) then have to wait several days for the funds to clear into PEXA for the purchase settlement. So we have a vendor homeless for several days AND paying penalty interest!

PeninsulaConveyancingandLegal · ‎12-11-2018

Why is it that the PEXA exemption doesn't apply to a purchase settlement where the sale can't be settled in PEXA?? Surely I can't be the only one caught up in this? The sale can't settle in PEXA (for reasons far too convoluted for this forum - just trust me, it can't). However, the purchase (apparently) MUST settle in PEXA as it doesn't fit within any of the exclusions. So, the client has to settle their sale in paper then wait several (homeless) days until the funds clear into the PEXA workspace to settle their purchase; paying accommodation and/or penalties all the while. Outrageous!!!

PeninsulaConveyancingandLegal · ‎25-07-2018

NAB just changed a payout figure for a 12.30pm settlement - by a couple of thousand dollars - 18 MINUTES BEFORE SETTLEMENT with a simultaneous trailing settlement in the mix. So much for 10am final figures (which is bad enough) - NAB and the other BIG BANKS are out of control... back to paper for me!

PeninsulaConveyancingandLegal · ‎29-06-2018

Thanks Laura, it's funny that when you add 'wasting time' in the search engine on this page, 'contacting banks' pops up...

PeninsulaConveyancingandLegal · ‎29-06-2018

Wasting my entire Friday morning chasing NAB for a DM payout figure, ANZ for source funds confirmation and other practitioner for linked settlement FSS signing. No conversation responses and no phone help...it's 11am and these are all settling at 2pm. The Transfer Guidelines are a joke!!!

PeninsulaConveyancingandLegal · ‎15-03-2018

Hi all, I understand this is available from 5 Feb but can't see any tutorial or checklist etc. on applying for change in the manner of holding between registered props. There's a bank involved. Any help would be much appreciated. Thanks, Jennifer

About PeninsulaConveyancingandLegal

Survivorship application

Re: Extending PEXA exemption on a purchase where t...

Extending PEXA exemption on a purchase where the s...

NAB CHANGING PAYOUT FIGURES AT THE LAST MINUTE???

Re: CONTACTING BANKS

Re: CONTACTING BANKS

Change of manner of holding between registered pro...