Chamberlains is pleased to announce that we have successfully completed the first multi-party PEXA transaction in the ACT.
This is a big achievement for our dedicated conveyancing team, who have worked closely with PEXA to make this happen. In particular, we would like to recognise the efforts of Sara Kekalainen, Nichole Low and Eliza Carter who have worked tirelessly throughout this process. The move to an electronic settlement process will mean faster clearing times for settlement funds and smoother settlements for all parties. The PEXA platform has proven to be the most efficient way for property settlements to occur, as it requires no bank cheques and enables adjustments to occur right at the last minute. This is not only an exciting milestone for Chamberlains, but also for the industry in the ACT at large.
Chamberlains will continue to work closely with PEXA, the ACT Government, financial institutions, and other legal practitioners to innovate our practice. If you would like any more information about PEXA settlements, please contact our conveyancing team today on 02 6188 3600.