Two separate mortgages over two Titles in one workspace (Vic)

[fgbaxter]

I have a contract coming up for settlement which involves two Titles.  The Bank wants to take a separate mortgage over each Title.  As there is one contract this needs to be one transfer so as to be stamped correctly and I believe this requires one PEXA workspace.  Is this correct?

The Bank is of the understanding that they cannot prepare two separate mortgages in one workspace as they will not be able to get to a "ready - ready" status.  Is this correct?

If so, how can I process the transfer and two mortgages?

[fgbaxter · Accepted solution]

Answered by calling PEXA:

Yes - to stamp it as one transaction can only have one workspace.

No -  mortgagees cannot create two mortgages in one workspace.

[EmilyBilling]

Hi @fgbaxter, thank you for sharing the answer.