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Discharge of Mortgage fees

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  • Re: Discharge of Mortgage fees

Discharge of Mortgage fees

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TDM
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on ‎08-10-2019 11:37 AM

on ‎08-10-2019 11:37 AM

Discharge of Mortgage fees

Our POT has two mortgages on title to CBA. Discharge of Mortgage has been successfully prepared, both mortgages noted on one discharge. Fee schedule in PEXA shows TWO Discharge of Mortgage fees for one Discharge of Mortgage. Cant get a response from CBA re fees, despite 3 attempts in conversations tab. Shouldn't it only show one fee for one Discharge?

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Category:
  • Banks and Financial Institutions
  • Fees and Pricing
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  • PDS or PEXA support
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DavidMcDowell
DavidMcDowell Star Employee
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on ‎16-10-2019 02:45 PM

on ‎16-10-2019 02:45 PM

Solution

Re: Discharge of Mortgage fees

Hi Teresa

There is a fee for each mortgage discharged even if done on the one dealing form, the following is from Registrar General's Guidelines:

An extra lodgment fee is payable for each additional mortgage where more than one mortgage by the same mortgagee is being discharged on the one form.

Regards

David 

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Cam
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on ‎08-10-2019 02:32 PM

on ‎08-10-2019 02:32 PM

Re: Discharge of Mortgage fees

Hi there,

I've sent you a PM for more information so we can follow up.

Thanks,
Cam

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TDM
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on ‎09-10-2019 01:30 PM

on ‎09-10-2019 01:30 PM

Re: Discharge of Mortgage fees

Hi Cam

I have replied by PM.

Thanks, Teresa

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DavidMcDowell
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on ‎16-10-2019 02:45 PM

on ‎16-10-2019 02:45 PM

Solution

Re: Discharge of Mortgage fees

Hi Teresa

There is a fee for each mortgage discharged even if done on the one dealing form, the following is from Registrar General's Guidelines:

An extra lodgment fee is payable for each additional mortgage where more than one mortgage by the same mortgagee is being discharged on the one form.

Regards

David 

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