'Voluntary administration is not the outcome we wanted' says Settle Easy co-founder
Settle Easy, one of Australia's largest conveyancing operators by settlements on the Property Exchange Australia (PEXA) platform, entered voluntary administration on 22 May 2026 after anticipated financing reportedly failed to materialise, the AFR reported.
Boutique restructuring firm SALEA was appointed as administrator on Thursday, with partner Sule Arnautovic, of SALEA in Australia, now working to stabilise the business and maintain settlement services across the firm's approximately 86 staff.
Settle Easy co-founder Sam Almaliki, the largest shareholder in parent company Convex Holdings with a 33% stake, confirmed the appointment in a statement.
"Voluntary administration is not the outcome we wanted for shareholders or staff, but it is what it is," Almaliki said. "We're working to support our people and customers."
Aussie Home Loans, which had been one of the firm's key distribution partners, has reportedly suspended all new conveyancing referrals to Settle Easy and has moved to Bond Property Lawyers as its replacement conveyancing partner, advising its broker network on Thursday.
A spokesperson for Aussie parent company Lendi told MPA: "We have been in contact with the administrators, and based on information currently available to us, existing in-flight settlement matters are expected to continue progressing. Our priority is to ensure that any Aussie customer with a settlement in progress is supported, with minimal disruption, during this critical part of their purchase journey. We will keep our brokers up to date as we learn more."
Aussie is just one of many partners of Settle Easy.
Lendi launched a branded service called ‘Aussie Conveyancing’ powered by Settle Easy in November 2024. The partnership integrated Settle Easy's conveyancing platform directly into the Aussie broker workflow, so that Aussie customers could access conveyancing services through their Aussie broker.
“The conveyancing process has been needlessly complex for buyers for too long,” Lendi Group chief executive David Hyman said at the time. “The launch of Aussie Conveyancing delivers on our promise to transform the way Australians buy homes and further diversifies our offering.
Arnautovic is engaging with Settle Easy's critical suppliers – including title search operators, government agencies and IT providers – to keep settlement pipelines moving during the administration period.
