Transacting a property with an existing mortgage over lease can be tricky in a PEXA workspace. Thank you to Sue from Bendigo who kindly documented the below process to assist:
- Create a workspace with mortgagee of lease role <Incoming Mortgagee> (even though you are discharging)
- In the document tab, select <Create Document> and <Other>, and start typing "Dealing with Exception". Select from the list
- Select the Bank's name (mortgagee) in the dropdown <Applicant> section. This will show with "(Incoming Mortgagee)" in brackets (ignore)
- Select <Discharge of Mortgage> in the <Document Type> dropdown box
- Complete the Mortgagee's address in the <Party Address Details> section and select <save>
- In the <File> tab, upload and attach the paper Discharge of Mortgage to the prepared document as per the standard process.
Hope this workaround helps.
cheers
Belinda