Paper discharge of mortgage and simultaneous settlements
We have an upcoming simultaneous settlement - our client is selling one property and using those funds to purchase another. As there will not be any banks involved in the purchase it must be done using PEXA.
For the sale, we have been provided with a paper discharge of mortgage. Am I correct that this means we cannot complete the sale settlement using PEXA as we are not the certifying subscriber? The discharge is dated April 2018, so cannot be lodged as a standalone discharge prior to settlement either.
Any suggestions for the most effective work around for this?