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NSW Transacting a property with an existing mortgage over lease using the DWE process

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BelindaLeFevre Star Employee
Star Employee
BelindaLeFevre

NSW Transacting a property with an existing mortgage over lease using the DWE process

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‎21-03-2022 12:32 PM

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:

 

  1. Create a workspace with mortgagee of lease role <Incoming Mortgagee> (even though you are discharging)
  2. In the document tab, select <Create Document> and <Other>, and start typing "Dealing with Exception".  Select from the list
  3. Select  the Bank's name (mortgagee) in the dropdown <Applicant> section.  This will show with "(Incoming Mortgagee)" in brackets (ignore)
  4. Select <Discharge of Mortgage> in the <Document Type> dropdown box
  5. Complete the Mortgagee's address in the <Party Address Details> section and select <save>
  6. 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

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  • DWE
  • Mortgage over lease
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