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Conveyancing Packages at standard rates

Package Services SALE with no mortgage
SALE with one mortgage
PURCHASE with no mortgage
PURCHASE with one mortgage
REFINANCE one mortgage



Conveyancing Packages at standard rates

homeland Property Law offers conveyancing packages at standard rates inclusive of all normal conveyancing disbursements and Goods and Services Tax. The Urban Residential packages below are based on transactions that proceed without significant dispute.

The properties must be:
- Urban residential.
- Listed with a real estate agency (for a sale or purchase transaction).
- Private sales may incur an additional fee of $150.00 if preperation of a sales and purchase agreement is required.

The current Urban Residential package rates are:

Sale No Mortgage $ 650
  One Mortgage $ 800
     
Purchase No Mortgage $ 800
  One Mortgage $ 1,100
     
Refinance One Mortgage $ 650

The services covered by each package are set out fully at Package Services.

Package Services

The Conveyancing Package rates cover all the services and disbursements required to complete the standard transactions described below and are inclusive of Goods and Services Tax at 15.0%.

Sometimes a transaction will involve a default by a party leading to a significant dispute. That does not happen often but, if it does, we will discuss with you any further charges or costs due to additional attendances.

SALE with no mortgage: $650.00

Standard services
- Receipt of signed agreement for sale and purchase.
- Open file and trust account ledger.
- Check the agreement details.
- Complete legal/professional requirements to identify client including obtain (copy) current client photo identification.
- Obtaining your consent to our providing information held by us relating to your FATCA or CRS status to Inland Revenue and/or any bank maintaining a trust account for us.
- Obtain a land title search for the property.
- Conduct search of Personal Property Security Register for the vendor (seller) if chattels are being sold.
- Diarise the dates for payment of any deposit, any conditions, and the giving and taking of possession and settlement.
- Confirm receipt of the agreement and condition dates to the vendor, the real estate agent and the purchaser’s solicitor.
- Monitor/follow up the fulfilment of any conditions.
- Notify the vendor, the purchaser and the real estate agent, of the fulfilment of any vendor conditions.
- Notify the vendor and the real estate agent of the fulfilment of any purchaser conditions.
- Notify the vendor and the real estate agent of the agreement becoming unconditional or not.
- Receive and check the amount of the deposit (less the real estate agent’s commission) and paying this to the vendor.
- Receive and check the Notices of Sale prepared by purchaser’s solicitor.
- Receive/attend on completion of Land Transfer Tax Statement.
- Attend on the signing of the Client Authority and Instruction for an Electric Transaction by the vendors including checking and copying of photo identification.
- Check the vendor’s rates and rates payments with the relevant local authorities.
- Prepare a vendor Settlement Statement and send copies to purchaser’s solicitor and the vendor.
- Attend on settlement of the sale (receive the balance of purchase price and release transfer of ownership to the purchaser’s solicitor and arrange/ensure the handover of the vendor’s keys).
- Pay settlement proceeds (less costs) to the vendor.
- Post Notices of Sale to the local authorities.
- Complete all records of Trust Account transactions.
- Report to the vendor.
- Close and retain the file for the legal minimum period.
- FATCA means The Foreign Account Tax Compliance Act.
- CRS means the OECD Common Reporting Standard.
- OECD means the Organisation for Economic Co-operation and Development.
 
 
SALE with one mortgage: $800.00

Standard services
All the services provided for a sale with no mortgage plus the following:
- Advise the mortgagee (lender) of sale and request a discharge of mortgage and settlement statement.
- Receive and check the discharge of mortgage.
- Give the vendor a copy of the mortgagee’s settlement statement to check.
- Receive additional funds from the vendor if there are insufficient sale proceeds to repay the mortgagee.
- Pay funds to the mortgagee to discharge the mortgage.
- Give or send the discharge of mortgage and registration disbursements to the purchaser’s solicitor.

PURCHASE with no mortgage: $800.00

Standard services
- Receipt of signed agreement for sale and purchase (completed by real estate agent).
- Open file and trust account ledger.
- Check the agreement details.
- Complete legal/professional requirements to identify client including obtain (copy) current client photo identification.
- Obtaining your consent to our providing information held by us relating to your FATCA or CRS status to Inland Revenue and/or any bank maintaining a trust account for us.
- Obtain a land title search for the property.
- Conduct a search of Personal Property Security Register for the vendor (seller) if chattels are being purchased.
- Diarise the dates for payment of any deposit, any conditions, and the giving and taking of possession and settlement.
- Confirm receipt of the agreement and condition dates to the purchaser, the real estate agent and the vendor’s solicitor.
- Monitor/follow up/attend to the fulfilment of any conditions.
- Order any LIM (Land Information Memorandum) Report required by the purchaser. [N.B. The cost of a LIM Report is not included in the package rate.]
- Review any LIM (Land Information Memorandum) Report obtained from the local authority and advise the purchaser.
- Notify the vendor, the purchaser and the real estate agent of the fulfilment of any purchaser conditions.
- Notify the purchaser of the fulfilment of any vendor conditions.
- Notify the purchaser and the real estate agent of the agreement becoming unconditional or not.
- Obtain a guaranteed search of the land title for the property.
- Monitor payment of the deposit by the purchaser to the real estate agent.
- Receive/attend on completion of Land Transfer Tax Statement.
- Attend on signing of Client Authority and Instruction for an Electronic Transaction including checking and copying of photo identification.
- Prepare Notices of Sale and send to the vendor’s solicitor.
- Receive and check the vendor’s Settlement Statement and send a copy to the purchaser.
- Check the vendor’s rates and rates payments with the relevant local authorities.
- Attend on settlement of the purchase (receive funds to settle the purchase price and give or send to the vendor’s solicitor and arrange/ensure handover of the vendor’s keys).
- Attend on registration of the Transfer of Ownership.
- Complete all records of Trust Account transactions.
- Receive a copy of land title following registration of the Transfer and report to the purchaser with a copy of the land title.
- Close and retain the file for the legal minimum period.
- FATCA means The Foreign Account Tax Compliance Act.
- CRS means the OECD Common Reporting Standard.
- OECD means the Organisation for Economic Co-operation and Development.
 

PURCHASE with one mortgage: $1,100.00

Standard services
All the services provided for a purchase with no mortgage plus the following:
- Assist in making the purchaser’s loan application, if required.
- Receive and check instructions from the lender (mortgagee).
- Obtain the written consent of the borrower/purchaser to act for the lender as well as the borrower (waiver of right to independent legal advice and consent to act for both parties).
- Review the lender’s loan documentation and explain to the purchaser.
- Monitor completion of any conditions required by the lender.
- Prepare the lender’s mortgage.
- Attend on the signing of the lender’s loan documentation and mortgage by the purchaser.
- Give/send disclosure copies of the loan documentation and mortgage to the purchaser (where disclosure is required by statute).
- Obtain any (copy) documents/purchaser identification required by the lender.
- Liaise with the purchaser’s insurers regarding the lender’s insurance conditions.
- Give/send a Solicitor’s Certificate and other documentation required to the lender.
- Receive further funds from the purchaser if insufficient loan funds to settle the purchase.
- Receive loan funds from the lender.
- Attend on registration of the lender’s mortgage.
- Send the mortgage to the lender following registration with a copy of the land title.

REFINANCE one mortgage: $650.00

Standard services
- Receive and check instructions from the new lender/mortgagee.
- Complete legal/professional requirements to identify client including obtain (copy) current client photo identification.
- Obtaining your consent to our providing information held by us relating to your FATCA or CRS status to Inland Revenue and/or any bank maintaining a trust account for us.
- Obtain the written consent of the borrower to act for the new lender as well as the borrower (waiver of right to independent legal advice and consent to act for both parties).
- Review the lender’s loan documentation and explain to the borrower.
- Obtain a guaranteed search of the land title for the property.
- Request a discharge of mortgage and settlement statement from the existing mortgagee/lender.
- Receive and check the existing lender’s discharge of mortgage.
- Give the vendor a copy of the existing lender’s settlement statement to check.
- Monitor completion of any conditions required by the new lender.
- Prepare the new lender’s mortgage.
- Attend on the signing of the new lender’s loan documentation and Client Authority and Instruction for an Electronic Transfer by the borrower.
- Give/send disclosure copies of the new lender’s loan documentation and mortgage to the borrower (where disclosure is required by statute).
- Obtain any (copy) documents/borrower photo identification required by the new lender.
- Liaise with the borrower’s insurers regarding the new lender’s insurance conditions/requirements.
- Give/send a Solicitor’s Certificate and other documentation required to the new lender.
- Receive further funds from the borrower if insufficient loan funds to repay the existing loans.
- Receive loan funds from the new lender.
- Pay funds to the existing lender/mortgagee to settle the discharge of its mortgage.
- Attend on registration of the existing lender/mortgagee’s discharge of mortgage and the new lender’s mortgage.
- Obtain a search copy of the land title for the property showing the new mortgage.
- Send the mortgage to the new lender following registration with a copy of the land title.
- FATCA means The Foreign Account Tax Compliance Act.
- CRS means the OECD Common Reporting Standard.
- OECD means the Organisation for Economic Co-operation and Development.

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