---
title: "Step 5 – Settlement"
description: "The lender accepts the certification as to title by transferring the settlement funds into the Bransgroves Lawyers solicitors’ trust account."
url: "https://bransgroves.com.au/process/advance-process/step-5-settlement/"
breadcrumb: "Process / Advance Process / Step 5 – Settlement"
parent: "../index.md"
previous: "../step-4-certification-as-to-title/index.md"
next: "../step-6-post-settlement/index.md"
updated: "2026-09-14"
---

# Step 5 – Settlement

Process › Advance Process › Step 5 – Settlement

Once you, as lender, approve the Certification as to Title and transfer the settlement funds to our solicitor’s trust account within the PEXA workspace we:

![Step 5 – Settlement](https://bransgroves.com.au/process/advance-process/step-5-settlement/settlement.jpg)

1. set the settlement date;
2. finalise the Sources and Destinations tabs within the Settlement page;
3. create the Mortgage in the Documents tab in the workspace;
4. edit the lodgement instructions to trigger verification of the documents and confirm the fees for registration and lodgement.

The Sources and Destinations tabs include Establishment Fee, Brokerage Fee, any prepaid interest and the Surplus amount to the Borrower.

The Financial Settlement Statement (Sources and Destinations) must have been approved by:

1. the Borrower’s and Guarantor’s solicitors;
2. our lender client;
3. the Special Counsel with carriage and the countersigning Special Counsel.

Once the disbursement of funds from our Trust Account has been approved by the countersigning Special Counsel and the Special Counsel with carriage, the Special Counsel with carriage signs off on the PEXA workspace and settlement occurs automatically.

---

Previous: [Step 4 – Certification as to Title](../step-4-certification-as-to-title/index.md) · Next: [Step 6 – Post-Settlement](../step-6-post-settlement/index.md) · Up: [Advance Process](../index.md)