Conveyancing is the process of transferring the legal title of a property from seller to buyer. It is a necessary part of buying or selling your house or land. In Victoria, this legal work can only be done professionally by a licensed conveyancer or a legal practitioner (a lawyer or solicitor).
Originally operating in Hawthorn, but now located both in Northcote and in Cranbourne North, Glenferrie Conveyancing Pty Ltd is a licensed conveyancer that holds the prescribed professional indemnity insurance, maintains a general trust account and is a leading subscriber to the PEXA electronic settlement system. We deliver a low cost, high quality and fully comprehensive conveyancing service, giving our clients an unmatched level of personal attention.
Why choose Glenferrie Conveyancing Pty Ltd?
- Our fees are low
- We are responsive, conveyancing work is all that we do
- We are open in the evenings and on weekends, and also during January
- We maintain a general trust account
- We are mobile and can meet with you away from our office if necessary
Our basic fee is only $570 plus GST and disbursements (i.e. the cost of any necessary property certificates, Land Use Victoria or PEXA electronic settlement fees).
Glenferrie Conveyancing Pty Ltd can settle your matter electronically using PEXA, and electronic settlement is mandatory for almost all transfers of land in Victoria since 1 October 2018. Electronic settlement is different from manual (paper based) settlement as follows:
- All of the electronic documents involved in the settlement (i.e. Discharge of Mortgage, Transfer of Land and Mortgage) are electronically verified for correctness by Land Use Victoria before settlement, this avoids the possibility of any of these dealings being refused at lodgement. Electronic lodgement at Land Use Victoria costs a little less than lodging the equivalent paper document – e.g. $8.70 less for a Discharge of Mortgage or a Mortgage, and either $8 or $9 less for a Transfer.
- A paper Certificate of Title is not provided at settlement. Instead, an electronic Certificate of Title is used in its place, and this cannot be lost or mislaid.
- Bank cheques costing up to $15 each are not used at settlement, all payments between the parties are made by EFT, and sellers have access to their sale proceeds within an hour of settlement, rather than having to wait several days for their deposited cheque to clear.
- Settlement payments to authorities (e.g. Council, Water, Owners Corporation and Land Tax) are typically made by BPay (and not by cheque).
- There is no settlement meeting requiring the personal attendance of all of the parties, the settlement is performed using an on-line workspace, and it proceeds automatically to completion as scheduled after all of the parties have given their on-line consent.
- Property Exchange Australia, the provider of the electronic settlement platform, offers an application called SettleMe. If you have registered as a SettleMe user, you’ll be automatically notified that your settlement has completed.
- Stamp duty and Land Use Victoria lodgement fees are paid as part of the electronic settlement, and the electronic Certificate of Title is updated immediately by Land Use Victoria to show the new ownership.