I have a problem with a house we sold at auction, unconditional. Settlement did not occur as the purchaser applied for Kiwisaver grant TWO DAYS before settlement. Crazy. I believe its a 14 working day process? Even then it would be tight as sale was 7th, settlement was 21st. Can people get the process underway before buying a house, so that when they buy, its already underway?
Too late for me, but interested to know.
With holiday period, 24th to 8th are not working days so settlement is now 22nd. Her lawyer seems to have failed here, not ticking the box of "is payment all arranged for settlement day"