PEXA is always working alongside industry to enhance the settlement experience for all our members, and through network feedback, we’ve identified that one of the barriers to successful on-time settlements is the late finalisation of the Financial Settlement Schedule. This can cause delays and last-minute stress. That’s why we’re promoting awareness of the Transfer Guidelines – in particular those relating to the Total Funds Required to Settle (G11) and Payment Directions (G17). These Guidelines were developed in consultation with industry to help all parties work together to achieve a successful settlement. When all parties work together in accordance with the Transfer Guidelines, everyone wins – most notably the end buyers and sellers.
There are a number of ways we are helping members increase their awareness of the Transfer Guidelines. One of these will be an Ask us Anything session to be held on Wednesday 9 October from 11am to 1pm. We will have a number of representatives to help answer your questions from financial institutions, banks, industry bodies and PEXA.
Simply login to your e-Conveyancing Community account on the day and post your question for a quick response from the experts.
In the meantime, feel free to post your questions below, read our Transfer Guidelines FAQs or view our previous Transfer Guidelines webinar to boost your skills.
We look forward to talking then.
... View more