e-Conveyancing – is this the way of the future

e-Conveyancing – is this the way of the future

Could e-Conveyancing help streamline your next commercial property settlement…

Buying and selling property starts online – with website searches, mortgage calculators and other online tools. However, until recently, the conveyancing process was mostly completed offline. Paperwork and postage increased the risk of errors and delays. 20% of settlements are delayed a median of seven days and 25% of these customers suffered financially.

e-Conveyancing is an initiative championed by the property industry to simplify and digitise the complex process of property transfer.  e-Conveyancing minimises the manual processes and paperwork associated with property settlement by enabling conveyancers, solicitors and financial institutions to transact together online in a paperless environment. 

PEXA, short for Property Exchange Australia, streamlines the process of lodgement and settlement. It enables lodgement of documents and completion of financial settlements electronically.

e-Conveyancing is currently live in five states across Australia. PEXA’s network includes lawyers, conveyancers, financial institutions, Land Registries and the Reserve Bank of Australia (RBA), in addition to industry bodies and sponsors.

Feel free to contact Therese or Lyn to discuss the benefits of e-Conveyancing when undertaking your next commercial conveyancing transaction.

Handy information provided to you by: 

Therese Ryan & Lyn Rovere

(02) 6699 3522  |    www.cornerstoneconveyancing.com

Tarlyn Conveyancing Pty Ltd
t/as Cornerstone Conveyancing Services
Licence No: 05006281

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