Settlement day, hour by hour
The bottom line
You sign nothing on the day. The money moves, the title changes at LINZ, we call you, and the agent releases the keys.
On settlement day your bank releases the loan to our trust account, we pay the vendor's lawyer, and they release the transfer so we can register you as owner through Landonline. It is all electronic. Your part was done the day before: your contribution cleared into our trust account.
Settlements often complete in the afternoon. Do not book the movers for 9am.
Read this
What actually happens on settlement day?
Do this
Walk through the Settlement Day guide in buying mode
Check yourself
Do you sign anything on settlement day?
No.
When should your contribution reach the lawyer's trust account?
The working day before settlement.
Who releases the keys?
The real estate agent, once we confirm settlement.
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