Discussion in 'Loans & Mortgage Brokers' started by 10in10years, 25th Nov, 2015.
Bendigo bank said it takes 21 days. Is there any way around this?
If you are lucky that's how long it takes. this time of year could very well take longer. Most brokers get a discharge form up front these days, as discharging lenders are starting to drag the chain again. The only other alternative is if your new lender has 'fast' refi, where they insure the title and pay out the loan without the physical title. However not many lenders do it, and the exceptions list is quite large.
In what sense are you asking?
Usually at settlement a discharge of mortgage form is handed over and title can 'change' hands but not registered until the discharge is processed.
If it is a loan refinance then the usual turn around time is 10 days.
Whinge, complain, threaten - that tends to speed things up with banks.
This. If you call them and stress the urgency of it, you may get it done faster.
Did a partial with nab the other day
I did a partial with NAB which took about 3 months.
Thanks everyone. Appreciate the feedback
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