About BelindaLeFevre

Hi @AnnH,   Yes correct.  As you are acting for the Incoming Mortgagee, you can create the consent for the land using the title the borrower has provided to you.  You will need a Client Authorisation Form between yourself and the Incoming Mortgagee.  You would not require a signed Client Authorisation Form between yourself and the borrower if you do not act for them.   I understand you are meeting with your PEXA Direct Specialist today who will talk you through how to do the Consent.   cheers Belinda ... View more

Hi @Cathie,   I've done some investigating to get to the bottom of this issue.  An incoming mortgagee would normally create the consent in the case of a standalone mortgage or refinance.  This is partly due to the fact that a person would not be able to complete their own consent on PEXA and normally not represented by a practitioner for these types of transactions.  In this case the individual would provide the paper CT to the incoming mortgagee in order to create the consent.   On the surface, it seemed more appropriate for the practitioner representing the purchaser to consent to a mortgage being placed over the property of their client.  However in practice, this might not make sense from a banks perspective and would require a different set of processes depending on the parties involved.   So based on that, I think your bank was quite right to retain the CT and create the consent themselves.  Apologies for the differing response on this one.  I've discussed this with ORG who have come to the same conclusion also.   Happy transacting and thank you for raising such an interesting issue!   cheers Belinda   ... View more

Hi @Cathie,   Great question!  Technically no, the incoming mortgagee does not have right to deal as they are not on title.  I would think that the more appropriate way  to do this transaction in PEXA would be for you to create the consent on behalf of the client as the client is still on title with right to deal.  Assuming bank would then place a mortgage over that title in the workspace.  Of course you will need to get the title back off the incoming mortgagee to facilitate that.   For further clarification, you might like to contact ORG such as @DavidMcDowell-NSWORG.   cheers Belinda ... View more

Wow - a great session!    Thank you fellow community members for spending time with us today to clarify your Bulk Conversion queries.  As always, we will continue to source responses and posts should there be further questions on Community about this topic.   Over and out from Robert, Angeline, Cliff, David, Gayle and Belinda! ... View more

Hi @Dalton1, Great question.  Are you interested in the timing of consent for paper transactions or PEXA transactions?   ... View more

Good morning Community,    Ready to receive your questions about Conversion of titles.  I have representatives from Office of the Registrar General and NSWLRS at the ready, as well as our banking team.  Please send your queries through! ... View more

Great @Aoife, looking forward to the session on Tuesday.  Will be joined by members of ORG:  @DavidMcDowell-NSWORG  @RobertGoncalves-NSWORG @GayleMcKnight-NSWORG @AngelineAntony-NSWORG    and Cliff Wally from NSWLRS ... View more

Hi @Nien,   You may pay the cheque to Revenue NSW and still settle on PEXA.  However, to do so, the cheque would need to be received by Revenue NSW, receipted into their systems and applied to the appropriate client.  This can take more than a week to cater for postage and processing.  So the question is, how long until settlement?  If settlement is less than two weeks away, I would not risk it, as you will not be able to settle until the money is either receipted at Revenue NSW, or accounted for in the PEXA workspace by way of a financial settlement schedule line item.   cheers Belinda ... View more

Hi @TheDoctor,   We are work-shopping this one for a solution.  Will report back shortly.   cheers Belinda ... View more

Hi @TheDoctor,   Great question.  Have you tried using the Linked Lodgement capability in PEXA?  As a financial institution you can link the standalone discharge workspace and the transfer workspace to enable them both to be lodged.  Whilst the lodging of both workspaces is not simultaneous (there is no concept of simultaneous lodgement at the land registry end), the standalone discharge lodgement would be dependent on the success of the transfer workspace.      As lodgement verification has taken place on all documents prior to settlement, there is confidence in both workspaces lodging without incident.   You might like to workshop this with your account manager @AvinaAl.   cheers Belinda  ... View more

Hi @BGoodwin,   Quick correction - the email address for NSWLRS is:   econveyancingNSW@NSWLRS.com.au   cheers Belinda   ... View more

Dear ORG, A question I have received in the market is: "do private mortgages (eg between parent and child) fall under the non-ADI mandate (1 july 2018)? ... View more

A great opportunity to ask those burning questions!   ... View more

Yes excellent @TJ and @denniswong.  This is indeed the new url for the form.  Dennis we are no longer able to complete title productions (due to the volume we are receiving) and we have moved office just last week so best not to post a title to us for production.  Would advise engaging an agent to produce it on your behalf, same form applies.  Remember to put all incoming dealings on the form eg transfer and to whom, mortgage and to whom. ... View more