Release of mortgage (Queensland) where caveat is in place

[CarlGreen]

Hi PEXA community,

I wish to release a Queensland mortgage where there is a caveat in place from a third party. How does the process work in PEXA?

Thank you.

[Ames]

Hi @CarlGreen

Do you want your mortgage released while the third party's caveat remains? Or is the caveat also to be withdrawn?

Ames

[CarlGreen]

thank you for replying.

yes, we wish to release our mortgage while the caveat remains in place.

[Ames]

Hi @CarlGreen

You should be able to create a Workspace as mortgagee on title, create, sign and lodge your release, without the involvement of the caveator.

Ames.

[liam_rider]

Hi @CarlGreen 

Agree with @Ames above and just be aware of the normal Land Registry guidelines around Releases of Mortgage for titles that have a Caveat registered. If you would be ok to lodge the Release in a paper scenario, then it will be fine to register it in PEXA also.

If you have any further questions regarding this process, feel free to contact me on liam.rider@pexa.com.au and I can assist you.

Thanks