Settlements in Victoria are currently carried out with funds being received by way of Bank cheque/s. Please note that your Bank can take up to three (3) business days to clear Bank cheques from the date deposited into your account.
Your lender may accept receipt of the full settlement proceeds to enable repayment of your Mortgage, with the balance due to you being credited to your nominated account. If your lender doesn’t collect the balance of settlement funds the alternative is to collect the Bank cheque/s from our office the business days after settlement, or we can arrange for depositing of the funds into your nominated account.
If you don’t have a Mortgage over your property you are able to collect the Bank cheque from our office either on the day of settlement, or the business day after settlement. Please note the collection time is dependent on the venue and time where settlement will occur. Alternatively, we can arrange to deposit funds into your nominated account on the settlement date.