"BEST Customer Service in Conveyancing" Award Winner for 2023 & 2024 (Word Of Mouth)

Talk to a Lawyer
1800 532 326
Call & Talk To A Lawyer (FREE consult)
1800 532 326

What is a discharge of mortgage?

A discharge of mortgage is a document that your mortgagee will bring to settlement to handover to the buyer’s conveyancers at settlement. It will allow the buyer to register their interest over the property after your mortgage has been removed from the title. To notify your bank that you have sold your property and start to prepare for the discharge of the loan, you will need to ask your banker for a “discharge authority” to complete and submit directly to the branch. They will then send it to their settlements team to prepare. It can take up to 14 – 21 days to discharge a mortgage so you should submit the discharge authority as soon as possible.

If you are attempting a partial discharge of your mortgage with the bank, because you have more than one property used to secure your loan repayment, then you should start the process even sooner. A partial discharge can take more than a month to complete, particularly if the bank has to order multiple valuations for the rest of the securities to recalculate their risks before they will confirm the discharge.

If you are attempting a partial discharge, make sure that you keep your conveyancing lawyer informed of your dealings with the bank so that they can prepare for settlement accordingly.

Get Your Quote Now
Enter Your Details Below and We’ll Calculate Your Conveyancing Fees in 30 seconds
Contract Review
Contract Drafting
Buying Conveyancing
Selling Conveyancing
Transferring Property
SSL Green Logo
SSL Security & Privacy Assured

Lead Legal Services Pty Ltd (ABN 86 640 514 558)
Proud to be a registered conveyancing law firm.

Member of Queensland Law SocietyPEXA Members Badge

Our Recent Reviews

Gavin Douglass Avatar
Gavin Douglass
07 Jun 2024
Mark Fletcher at Leadconveyancing handled my recent sale in Brisbane. I would recommend him for his patience and customer service. As a seller, I felt he represented my interests completely.
read more
tabithablue009 Avatar
03 Jun 2024
Had a wonderful experience with Lead Conveyancing, especially as a first home buyer. They were prompt, helpful and very reassuring through the whole process. Highly recommend.
read more
Tristan Nguyen Avatar
Tristan Nguyen
01 Jun 2024
I had a wonderful experience with John Reid, Kristy Fletcher and Alice Blair. Special thanks to Alice who really advocated for us and support us during an otherwise stressful time. We will definitely use their service again in future.
read more
See More
lead conveyancing logo footer
Suite 5, Level 18, 324 Queen Street, Brisbane QLD 4000 Australia
Level 2, Suite 9, 454 Collins St, Melbourne VIC 3000, Australia
Level 36, Governor Phillip Tower, 1 Farrer Pl, Sydney NSW 2000, Australia

Liability limited by a scheme approved under Professional Standards Legislation