Hi,
Mr & Mrs have their own titles for their half shares.
They've both given me instructions to set up a mortgage over their shares, i.e. both titles, the whole property.
When I validated the titles setting up the workspace, it said:
"This title is valid for electronic lodgement. This title is an Interest folio. An electronic Transfer cannot be completed using this title".
Which is all fine with me, because I registering a mortgage, there is no transfer invovled.
So I get to setting up my mortgage.
In titles, I make sure both are added.
Mortgagor, I add both from the dropdown because I cannot select 'Proprietor on title' or 'Incoming proprietor'.
But this detail turns out to be fatal for my mortgage.
When I try to save it, I get the error "Mortgagor type is required."
So my questions are,
1. Is this PEXA error, or
2. Should I be setting up the mortgage over the parent title (that is presumably in both names)
3. Am I forced to register two separate mortgage?
Are you able to advise please?
