27/10/2026
If you are preparing to sell your property before the year ends, here is a behind-the-scenes detail that can stall a settlement: your old mortgage.
Even if you paid off your home loan years ago, your bank may still hold a registered mortgage over your property title. A financial institution does not automatically remove themselves from your certificate of title when your balance hits zero; a formal Discharge of Mortgage must be lodged and registered.
If this step is forgotten, your settlement cannot proceed because you cannot hand over a clean title to the buyer. Finding this out at the eleventh hour can cause stressful delays, potential contract breaches, or penalty interest.
Part of our commitment to making conveyancing easy is identifying these old encumbrances immediately. We review your title right at the beginning of the selling process and coordinate directly with your financial institutions to ensure all electronic discharges are processed efficiently and reliably well before settlement day.
We handle the technical legwork so you can focus on packing. Planning a sale this spring or summer? Don't leave your title to chanceâreach out to our team to get your paperwork started perfectly.
https://sheppartonconveyancingservices.com.au/contact-us/