Conveyancing fee
Conveyancing charges cover the transfer of property’s title from the vendor (seller) to you. Conveyancing charges are usually estimated by the conveyancer and can range between $500 and $2,000.
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Conveyancing charges cover the transfer of property’s title from the vendor (seller) to you. Conveyancing charges are usually estimated by the conveyancer and can range between $500 and $2,000.
A Certificate of Title is a legal document which identifies the owner and any encumbrances or easements associated with a particular parcel of land. Each time ownership of a property changes, the Certificate of Title is amended to reflect new ownership.
The South Australian and Federal Governments offer financial help for eligible first home buyers who are building or buying a new home – which potentially could save you tens of thousands of dollars.
Before deciding to move into a rental, it's important to work out what you can afford.
The Land Title Office (LTO) collects a fee for registering the lenders mortgage on the title record for the property.
Lenders Mortgage Insurance (LMI) protects the lender if you can't make the loan repayments and the lender can't recover the loan balance.
Keep in mind that an LMI insurer who pays the lender under an LMI policy can then come to you, the borrower, to repay the sum directly to it. LMI protects the lender, not you or a guarantor.