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Is it possible to lodge a mortgage in Queensland through PEXA with a trust as the mortgagee?
If so, how do you record this?
At this point in time, the recording of Trustees in QLD in PEXA is limited to the Transferors & Transferees. We are continuing to work together with the QLD Land Registry on expanding the scope to allow Mortgagees to be recorded as Trustee in PEXA.
For more information on the use of Trustees in Transfers, please see these articles: https://community.pexa.com.au/t5/PEXA-Product- Releases/PEXA-Release-7-0-6-November-2017/ba-p/5738 (go to ‘Ability to transact on titles held in a capacity in QLD’ section) and https://community.pexa.com.au/t5/Help-Centre/Transferees-as-Trustees-in-a-Transfer-QLD/ba-p/9227.