From a practitioner's point of view, if it's a bank certification requirement it would be the bank or their representative. Firstly, when preparing the PN the default name is the name of who you act for, therefore there will be many errors made due to this default. Secondly, what if the practitioner gets the incoming mortgagee's name wrong. As per the first item it's something we must type in and override. Thirdly, only the person who has lodged it has access to the details. The PN is meant to show on the final search, however it does not. It's extra processing for us to print it all and fax or email it to you. Also, the solicitors for the credit union who requires in it our area didn't give any notice - I heard about it at a settlement, verified it and called our Pexa lady. Other practitioners in our area have since called for advice as they aren't ready to PEXA. Couldn't a system of the solicitor for the IM will do them up to 30 June and then Practitioners do it from 1 July? The Mortgagee/Purchaser is the one paying for it either way.
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