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release of mortgage QLD

Discussion in 'Legal Issues' started by Elives, 8th Apr, 2016.

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  1. Elives

    Elives Well-Known Member

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    19th Jun, 2015
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    Queensland
    I noticed when i bought a property that i had to pay for the release of mortgage of the sellers mortgage over the property $169. i know in other states this fee is reimbursed at settlement. i was talking to my friend who is a home loan specialist in qld who says that the buyer pays this fee in qld. i thought this was odd.

    is this the case? or should i have been reimbursed at settlement?

    Cheers, Elives
     
  2. Terry_w

    Terry_w Well-Known Member Business Member

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    whatever the parties agree to.
     
    Elives likes this.
  3. JDM

    JDM Well-Known Member

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    19th Jan, 2016
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    Brisbane
    There would usually be a less adjustment in the settlement statement to account for this