Title search fee
Discharging a mortgage? See our fee structure below.
Our base fee
$400
GST
$60
Office services (5% of base fee)
$20
GST on office services
$3
Land Information Office Charges
(varies on each transaction) $130.00
$8.00 per title
Discharge of Mortgage registration fee
$122.00
TOTAL
$613.00*
Our base fee is limited to:
- Sending discharge of mortgage request to one trading bank in New Zealand (ANZ, ASB, Westpac, BNZ, Kiwibank, the Co-Operative Bank);
- Receiving bank instructions
- Registration of discharge of mortgage
- Loan repayment (if any)
- Reporting to you.
We appreciate that you wish to have an indication of the legal costs at the outset before we undertake any work on your behalf. Often attendances will arise which we do not anticipate at the outset.
Listed below are additional attendances which are not covered in our base fee and are charged on a time basis (plus office services of 5% and GST):
- Additional reporting;
- Additional attendances and correspondence with the Bank;
- Extensions and delays in settlement;
- Discharge of mortgage over another property;
- Additional security including security from a company;
- Discharge of a Reverse Equity Mortgage;
- Company or Trust as Owner;
- Payments to third parties;
- Receiving funds from third parties;
- Requesting discharge from a non-trading bank.
Listed below are additional attendances which are not covered in our base fee and are on a minimum set fee basis (plus office services of 5% and GST):
Preparing Directors/Shareholders Resolution
$150
Preparing Trustee Resolution
$100
Change/Correction of name
$300
Preparing Deed of Acknowledgement of Debt
$300
Preparing both Deed of Acknowledgement of Debt and Deed of Forgiveness of Debt
$500
Declaration of Identity
$200
International payments of $1000 or more which require AML prescribed transaction reporting
$300
Our additional attendances are charged at an hourly rate of between $280 to $440 plus office services of 5% and GST where a fee has not been specified.
Independent Legal Advice
There may be some circumstances where due to the nature of the transaction you are required to obtain independent legal advice from a solicitor at a different law firm. We may not be able to ascertain this at the outset of your file and will use our best endeavours to advise you of this requirement (for example if a conflict arises) as soon as this becomes apparent. There will be an additional cost for independent legal advice. For an indication of this cost, you will need to contact the solicitor providing you with the independent legal advice.
*Our terms and conditions that apply to this pricing can be found here
