What does it mean for a mortgage to be discharged?

If you’re selling your property, paying off your home loan in full, or refinancing your home loan, you’ll need to complete a mortgage release or discharge form.

If you have a mortgage, your lender holds the Certificate of Title until your loan is repaid in full. If you’re selling your property, paying off your home loan in full, or refinancing your home loan, a mortgage release or discharge needs to be recorded to legally release your current lender from mortgage obligations. Your lender, or discharge authority, should have their own mortgage discharge forms which they can supply you with. Some make them available online; others require you to call them to get the form. Your lender will also have to complete a full credit assessment on your financial situation. How much can I save by refinancing?Use UNO's calculator to estimate your savings. Calculate Savings

What do I need to complete the form?

To complete your discharge form you’ll need:

  • Borrower names
  • Guarantor names (if applicable)
  • Home loan account number(s)
  • Line of credit number(s)
  • Offset account number(s) (if applicable)
  • Security / Property details
  • Solicitors / Broker / Other financial institution contact details
  • Contract of sale (if Property Sold)

How long does it take to discharge a mortgage?

Generally it takes between 14-21 business days to complete the discharge process. At one stage it took less time, around 10-14 business days, but these days more people are refinancing their home loan so there are more discharges taking place.

How much does a mortgage discharge cost?

The cost of a mortgage discharge is usually around $160 although the charge can be as high as $600. If your loan is fixed and you refinance (and break the loan), you may get fixed break costs on top of that.

What is a partial discharge?

A partial discharge is when you have more than one property secured by a loan and you want to release one of those properties as security – without repaying the full loan. For more information about mortgage discharges and partial discharges, book a call with our customer care team today. Need a home loan?UNO. The new way to get a better deal. It’s important to note that the information we give here is general in nature – no matter how helpful or relatable you find our articles. Even if it seems like we’re writing about you_, it’s not personal or financial advice. That’s why you should always ask a professional before making any life-changing decisions._ Book a call in with UNO

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Eden Harris
August 20, 2025
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Paul was awesome and handled my 1000 questions and follow ups like a pro. Happy with our home and loan :)
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August 9, 2025
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Fantastic service and great outcome. I have used Scott Wilkinson twice (initial finance and a subsequent refinance) and have found him to be responsive, reliable and knowledgeable - secured me a circa 1% rate reduction with minimal work involved from my end. Highly recommend.
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August 7, 2025
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What a smooth, hassle free and stress free refinance with Jake. He took a very complicated loan from one bank to the other and not only saved us a lot of money but we basically also didn’t have to lift a finger in the entire process (apart from the basic paperwork needed). I am extremely impressed with Jakes knowledge and how he was able to answer questions and explain complications. Thank you Jake and the entire staff at UNO :)
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July 28, 2025
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PROFESSIONALISM PLUS Jake was very helpful in helping us achieve our dream. He is a very professional and informative person who goes out of his way to help his clients through a stressful time whilst making the whole process seamless. On top of this he can also help get better Insurances and is happy to assist where he can. We would absolutely recommend choosing Jake to help you! Thanks for everything it was a pleasure dealing with you.
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Just Abby
July 18, 2025
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My dealings with Scott Wilkinson at UNO, have been nothing short of exemplary. My refinance involved a bunch of moving parts due to a business debt, and Scott didn't stop until we got an excellent result! Great communication, easy online portals for data collection and, from all accounts, a great team working together to get results for their clients. I really can't thank Scott enough, for going the extra mile(s) to make this happen for me. 10/10 would recommend his services to anyone looking at a restructure, and I won't hesitate to reach out again, should I be in the position in the future.
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July 11, 2025
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We’re incredibly grateful to Mike Parsons for his outstanding support and expertise. Mike took the time to genuinely understand our unique situation and demonstrated a deep level of knowledge and insight throughout the process. His ability to assess our needs and apply tailored solutions made all the difference. Thanks to his thoughtful approach and professionalism, we were able to achieve an ideal outcome that perfectly suited our circumstances. We highly recommend Mike to anyone looking for a knowledgeable and client-focused professional who truly goes the extra mile.
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July 10, 2025
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The UNO Home Loans team provided a great experience. I'm an expat Aussie living in the UK who was looking for an investment property back home in Australia. Mike and the team guided me through the whole process from giving me an initial indication of how much I could borrow, to finding me a lender with an appropriate loan that met my needs, and finally through the settlement process with the bank. The team were always available to answer my questions very promptly. The whole experience was very easy and hassle free.
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July 8, 2025
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Scott and the team were amazing. The entire process was so simple and so fast! Thank you!
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July 6, 2025
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June 24, 2025
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Amazing service from Scott. Efficient, clear and fast. Got my homeloan refinanced in record time.
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We had a fantastic experience working with Paul at Uno. From start to finish, he was professional, attentive, and genuinely cared about us and our situation. He kept in touch throughout the entire process, always keeping us informed and making everything feel simple and stress-free. Nothing was ever too much trouble, and his support made a big difference. Highly recommend Paul to anyone looking for a reliable and caring broker!
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