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Stand alone Discharge of Mortgage - NSW

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  • Stand alone Discharge of Mortgage - NSW

Stand alone Discharge of Mortgage - NSW

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EllieSydney
EllieSydney
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on ‎19-07-2018 12:45 PM

on ‎19-07-2018 12:45 PM

Stand alone Discharge of Mortgage - NSW

Hello

 

I've a standalone discharge of mortgage with paper CT. Do I need to use PEXA to settle or can I do it in the 'normal' paper manner?

 

Thanks 

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4 REPLIES 4
EllieSydney
EllieSydney
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on ‎19-07-2018 02:33 PM

on ‎19-07-2018 02:33 PM

Re: Stand alone Discharge of Mortgage - NSW

I found the answer and it is Yes. All discharge of mortgages have to be done through PEXA

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TJ
TJ
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on ‎19-07-2018 02:52 PM

on ‎19-07-2018 02:52 PM

Re: Stand alone Discharge of Mortgage - NSW

Hey @EllieSydney,

 

Are you talking about a transfer including a discharge of mortgage? 

You can see in the Mandate FAQs Post the transactions that are mandated, if the transfer has a discharge attached it would not be required to be done electronically at this stage. 

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EllieSydney
EllieSydney
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on ‎19-07-2018 03:20 PM

on ‎19-07-2018 03:20 PM

Re: Stand alone Discharge of Mortgage - NSW

Hi 

Thanks for answering.

 

I've to Discharge the Mortgage on a Title with money provided by the Client that is all. 

 

t

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AJJones
AJJones
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on ‎11-03-2019 09:09 AM

on ‎11-03-2019 09:09 AM

Re: Stand alone Discharge of Mortgage - NSW

Hi, just wondering how your discharge of mortgage went through PEXA.  I have one currently where the loan was paid out long ago, so there is no financial transaction, only the lodging of the discharge of mortgage.  I started in PEXA, invited the bank (CBA), they accepted, then nothing happened.  A week or so later I conversationed them to see what was happening, and they asked me to put a settlement date in.  I replied that there was no settlement date as there is no money involved (client's account on the DA for bank to access rego fee etc).  Another week later, no reply.  I'm starting to think maybe PEXA is not the way to go??

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