About k1mum

Bank's are accepting the date and time for settlement and then, with no communication to the relevant party, are not signing off on time.  This causes the solicitor/conveyancer additional work and stress which filters down to their clients - the bank's customers are put at potential physical and financial risk due to the bank's lack of care, diligence and communication.   Today I had a settlement due at 2.30pm, though my client's additional funds were available in their account for over a week the bank did not transfer them for settlement until 3.40pm - an hour and 10 minutes after the due settlement time.  Simultaneously, the vendor's discharging, though they have uploaded documents, accepted time and date for settlement and uploaded the payout, have not at 4.12pm, signed off notwithstanding the Solicitor for the vendor chasing them on several occasions requesting they do so.   This mindset for banks is not going to change unless the banks are held accountable for the delays and as it seems they only care about money, similarly to a purchaser being the cause for a delay of settlement, the banks should be charged an or half hourly rate for each delay caused by them over the agreed time.   Extremely annoyed and frustrated at the lack of care and integrity of our banks   Leah ... View more

Dear Team,   I have a (usually) simple Transfer from a husband to husband & wife as joint tenants of the matrimonial home (and therefore no consideration).  There is a discharge involved of a loan(s) which have been paid out.  Usual exemption of duty under Section 104B of the Duties Act.   I have recently had a bit of play with and look around in PEXA.  Am I correct that this type of Transfer cannot be conducted in PEXA under the one workspace.  Can I set it up using two workspaces (with the understanding that two PEXA fees will be payable) or does the whole transaction have to be done manually?   I look forward to receiving some advice here.   Regards Leah   ... View more

Hi Everyone,   I have been a bit dyslexic with my client's name on a priority notice.  Other than withdrawing the Notice prior to settlement, if I extend the Notice will it allow me to check and update the parties to the notice at no cost or does it cost to extend the Notice.  I know withdrawing it will incur charges but not withdrawing it will mean the settlement due soon will not proceed.   Looking forward to receiving a response   Regards, Leah ... View more