It depends on what you need the Mortgagee to nominate the title for. If they are nominating the title to a paper instrument, they may receive a fee for nominating in the Mortgagee on Title (MOT) role:
Extracted from https://www.pexa.com.au/fy22-pricing-schedule
**Note: A fee will be applied if you nominate an eCT to a paper instrument in a role other than of CT Controller (e.g. in the role of Proprietor on Title or Mortgagee on Title).
If you need the Mortgagee to nominate to a Transmission/Survivorship or similar document, they won't incur a fee for nominating in the MOT role. However, inviting them in as the correct role does give them clearer direction as to what they need to do in the Workspace (e.g. MOT = they will need to create a Discharge of Mortgage, CT Controller = they will only need to nominate the title).
If you only sent the invite in the last day or so, I would recommend cancelling it and sending it in the correct role. If you sent it a few days ago, I wouldn't worry too much as it would have moved up their prioritisation list by now and you don't want to go back to the bottom.
Hope this helps!
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Hi, We represent the wife in a breakdown of marriage transfer (husband & wife to wife). The joint mortgage is being discharged and new mortgage in the wife's sole name is being registered. Can we complete this as a part tenancy transfer? Or do we need to list the wife as the proprietor on title and incoming proprietor?
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