ABOUT THIS SERVICE
The settlement industry has now the ability to provide Electronic Conveyancing
BAFC Settlements have been embracing this technology since its inception. We are ready and able to provide settlements using the Electronic Conveyancing framework.
What does this mean to you?
- For Sellers, funds after settlement will generally be available as cleared funds in your account within minutes, rather than days under the old cheque based system. No waiting for 3 days for clearance of your settlement Cheque and no paying banks fast clearance fees.
- For Purchasers, the Certificate of Title information held by Landgate will be updated in a much faster time frame, meaning that you have your name on the Title even quicker, increasing your security over the land.
- Efficiency gains – All parties to the dealing have increased transparency and simplified communications, leading to a more efficient, smoother settlement.
- The benefits are numerous to all parties.