On 4 April 2016 a letter was distributed to industry bodies and Customer Information Bulletin (CIB) recipients. This letter notified Landgate’s intention to introduce changes to the lodgement process for mortgages and discharges of mortgages that will affect mortgagees, their conveyancers, lawyers and lodging agents by 1 August 2016.Industry bodies and CIB subscribers were invited to provide feedback on the changes. The timeframe for receiving feedback has now ended. This CIB is to notify that Landgate will be progressing activities...
After nearly a decade Commerce has approved an small CPI adjustment on the Scale of Settlement Agents fees effective from 1st October 2013. Last CPI adjustment was in 2004 with only a base line increment in 2008. RE Agents and Brokers may find the new scale here… http://goo.gl/RpNKwN fees_after_1_october_2013_100k_-_3.4m_email.pdf Download File
A caution to people in the real-estate market when shopping for a cheap settlement agent service. Cutting costs on an already reasonably priced service can be playing roulette with one of your biggest life transactions. The expression “you get what you pay for” is very apt for the settlement service industry. Problems frequently arise when costs are slashed as staffing and service levels are compromised to make up for the lack of funds. Less experienced and unqualified staff can be...
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