Standard Law Procedure for Mortgagee Financing or Refinancing

The following outlines the standard procedure Pier Law performs for financing or refinancing mortgage. Many of these steps must be handled by your lawyer. At Pier Law we provide full services for your residential legal needs. Don't hesitate to contact us if you are financing or refinancing. We:

Receive and peruse loan instructions
Report to client with Letter of Engagement, Information for Clients and Standard Terms of Engagement.
Calculate settlement date and obtain guaranteed search of title within 14 days of settlement
Prepare mortgage and all associated documents
Correspond with existing lending institution and request and obtain discharge and repayment figures
Attend upon client and obtain signatures of all documents including Client Authority Documentation with photo ID
Provide certificates to the lending institution with insurance details attached within the specified time limits to facilitate drawdown of funds required
Arrange for funds to be direct credited to the trust account
Repay existing advance
Disburse mortage brokerage and monitoring fees (if any)
Complete registration by Edealing
Report to client with copy of computer register title
Report to lender with copy of computer register title and associated documents where necessary

Enlist Our Services

If you are interested in more information or advice on residential property law, please contact one of our friendly staff at the Kaiapoi or New Brighton offices to arrange an appointment.