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Release of mortgage (Queensland) where caveat is in place

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  • Release of mortgage (Queensland) where caveat is i...

Release of mortgage (Queensland) where caveat is in place

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CarlGreen
CarlGreen
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on ‎18-07-2018 01:45 PM

on ‎18-07-2018 01:45 PM

Release of mortgage (Queensland) where caveat is in place

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.

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  • QLD
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Ames
Ames Star Employee
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on ‎23-07-2018 03:28 PM

on ‎23-07-2018 03:28 PM

Re: Release of mortgage (Queensland) where caveat is in place

Hi @CarlGreen

 

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 Or is the caveat also to be withdrawn?

 

Ames

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CarlGreen
CarlGreen
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on ‎23-07-2018 05:48 PM - last edited on ‎24-07-2018 08:59 AM by EmilyBilling Product Owner

on ‎23-07-2018 05:48 PM - last edited on ‎24-07-2018 08:59 AM by EmilyBilling Product Owner

Re: Release of mortgage (Queensland) where caveat is in place

thank you for replying.

 

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

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Ames
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on ‎24-07-2018 08:32 PM

on ‎24-07-2018 08:32 PM

Re: Release of mortgage (Queensland) where caveat is in place

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.

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liam_rider
liam_rider
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on ‎26-07-2018 03:04 PM

on ‎26-07-2018 03:04 PM

Re: Release of mortgage (Queensland) where caveat is in place

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

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