LANDinfoNET Limited passes on LINZ price reductions and advises on price changes

LINZ has reviewed their price structure. Please read on for more detail...

LINZ CHANGE TO REGISTRATION AND SEARCH DISBURSEMENT COSTS, EFFECTIVE 1 JULY 03

From 1st July 2003 LINZ will be decreasing the disbursement cost of searching titles electronically.
At LANDinfoNET Limited we have all the licences, certificates, protocols and resources required to search electronically enabling us to pass these savings direct to you.

All the above searches are available to be requested online at our website www.landinfo.net.nz

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LINZ registration disbursement fee change's effective 1 July 2003*, some increases, some decreases

From 1st July LINZ is increasing the disbursement cost of registering most documentation from $38.00 to $50.00, and new titles from $131.00 to $143.00. The only exception being Transfers will reduce from $128.00 to $50.00.

The effect of LINZ reducing the transfer fee brings the standard settlement document package of discharge mortgage, transfer, mortgage down from $204.00 (prior1/7/03) to $150.00 (post 1/7/03).

*LANDinfoNET Limited standard agency fee will continue to apply.

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LINZ introducing new costs for rejected documentation, LANDinfoNET Limited takes responsibility

LINZ is introducing a new cost for rejected or requisitioned documents of $20.00 per document for the resubmission of the rejected documentation (presently there is no charge providing the correct documents are lodged within a two month period). LANDinfoNET Limited policy on this is to take responsibility for the cost of any rejection and not to pass that on to you*. We can offer the commitment that your clients will not incur this cost because of the confidence we have in the expertise of our staff, training, resources, contacts and systems that has always provided a historically very low rejection rate.

To enable us to offer this service we must obtain a pre registration search of the titles involved in the dealing. We will continue to offer the reduced agency fee of $5.00 for this and with the LINZ fee reducing to $2.00 the total cost of a pre-lodgement search will be only $7.00, significantly less than the risk of a document or multi document rejection.

Please click here to down load our new registration lodgement form

* This offer conditional on
1) LANDinfoNET Limited completing a pre-registration check search.
2) Complying with LANDinfoNET Limited pre-registration lodgement check advice.

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LANDinfoNET Limited location to LINZ, advantages to you

LANDinfoNET Limited has located both our Auckland and Hamilton offices very close to the LINZ offices, therefore when the LINZ's electronic service goes down (as computer system do) our staff can shuttle over the counter searches back to our faxes for the fastest possible turnaround where those relying on the electronic service have no alternative.

Cut your resources and fax charges, utilise LANDinfoNET Limited website and email efficiencies

Be assured, building long term working relationships with our clients is our number one priority, therefore should you choose to send your instruction by post, phone, fax, email, or web the same importance and priority is paramount. However an increasing proportion of our clients are noticing the benefits in ordering via our web site for the following advantages.

• You can choose any type of available search (both land and PPSR) direct from your computer.
• No transposed numbers or hard to read faxes, what you ask for is what you get.
• You are given instant confirmation that we have received your search and any perceived time delays.
• We complete the search based on information available to you and submit it back to you in the medium you choose.
• Should you choose email return, the search will come back directly to your desktop.
• Resource savings of your fax machine costs and your time to fax and send.
• Cost savings, we do not charge for email, it is the fasted route possible to get the search back to you at the lowest cost.

Should you wish to have training in the use of our site (either in your office or over the phone) please do not hesitate to contact Marian Kempster 0508 534 251 Hamilton or Janelle Weir 0800 106 206 Auckland, or feel free to trial the site yourself.

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Electronic registration, security issues

With the introduction of electronic registration for elementary residential settlement documentation only, we have been analysing the pros and cons of offering this service to our solicitor client base. We feel there is an advantage of instant registration, in times of uncertainty of possible caveat or matrimonial property action.

As the benefits are limited, we are still working with the Law Society and our company solicitor's as to the risk factors of adopting this application for registering documents for our principal's clients. With the recent statute change that took away the need to produce the Outstanding Duplicate Title, we want to be 100% certain of our security tactics and strategy for eDealings, where there is not only no Title required but no documentation either. We will keep you informed as to our progress in this area.

Please contact David Graham 0508 534 251 or davidg@landinfo.net.nz for further clarification.

We welcome your enquiry

As always we welcome your enquiry on any aspect of our company. For new or prospective clients seeking more information or to set up a free trial, please contact our Business Development Manager Ken Hix on 0508 534 251 or kenh@landinfo.net.nz