on 08-02-2018 04:25 PM
Hi PEXA team
Could you please clarify who is responsible for lodging and signing the CoRD consent in the situation where an incoming mortgagee is lodging a mortgage on an unencumbered title when the mortgage is a standalone mortgage?
Does the incoming mortgagee lodge and sign the CoRD consent, or does this need to be done by the representative of the registered proprietor? Does it make a difference if the title is an eCT or paper CT?
Thank you in advance.
on 08-02-2018 04:50 PM
Where there is an unencumbered title, the party having control of the right to deal is the registered proprietor of the land. Only the registered proprietor can provide consent in those circumstances. One thing that you should be aware of where there is a paper CT is that, if the CT is an old CT without a Certificate of Authentication Code the CT must be produced to LPI.
I hope that helps.
on 15-06-2018 04:19 PM
Hi @ChrisB have you had a transaction where the conveyancer for the proprietor on title had the paper title and needed to do a standalone consent? I just tried to go through one with a conveyancer on our transaction and she was unable to save the consent as she couldn't select the consenting party. Just wondering if you've managed to complete one? thanks