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Removal the release from the title

Discussion in 'Real Estate' started by billy25, 14th Dec, 2008.

  1. billy25

    billy25 New Member

    Joined:
    14th Dec, 2008
    Posts:
    2
    Location:
    Brisbane
    I am selling a propoerty and been asked by the buyers solicitor to pay them a release fee. They say it is a registration fee on the release of the current mortgage I have with my bank. The fee payable to the Dept of Natural Resources to remove this release from the title.

    Is this a cost I pay? and if so are they charging me because they must have originally paid and are now reimbursing?

    Thanks,
    Billy
     
  2. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
    1,796
    Location:
    Sydney, NSW
    It's hard to tell, the release fees I know are paid to the lender.
    Why don't you ask your conveyancer/solicitor?
    You are paying him anyway
     
  3. maza

    maza Member

    Joined:
    14th Dec, 2008
    Posts:
    5
    Location:
    Qld
    Removal Fee

    Its probably a Land Titles Office fee for the discharge of your mortgage from the current title. Check with the LTO Office.:)
     
  4. billy25

    billy25 New Member

    Joined:
    14th Dec, 2008
    Posts:
    2
    Location:
    Brisbane
    Release Fee

    Probably the Lands Office or bank, I'll call them both

    Thanks,
    Billy