A Complete Guide To Discharging Your Mortgage

• Great Southern Bank: Call 13 13 86 to request a discharge form

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• Heritage Bank: Call 13 14 22 to request a discharge form
• Homeloans Ltd: Call 13 38 39 to request a discharge form
• Homeside Loans: Call 1300 130 932 to request a discharge form
• HSBC: Call 1300 308 008 to request a discharge form

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• ING: Call 1300 308 008 to request a discharge form

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• Keystart Discharge Form

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• La Trobe Financial Discharge Form
• Liberty Financial: Call 13 11 33 to request a discharge form

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• Macquarie Bank: Call 1800 007 722 to request a discharge form
• ME Bank: Call 1300 364 398 to request a discharge form
• MKM Capital: Call 1300 798 970 to request a discharge form
• Mortgage House: Call 1300 858 885 to request a discharge form

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• Newcastle Permanent Building Society: Call 13 19 87 to request a discharge form

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• Pepper Money: Call 137 377 to request a discharge form

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• RedZed Discharge Form
• Resi Home Loans: Call either 1800 243 000 or 13 61 26 to request a discharge form
• Resimac: Call 1300 764 447 to request a discharge form
• RHG Mortgages: Call 13 24 24 to request a discharge form

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• Suncorp: Call 13 11 55 to request a discharge form

Generic Discharge Form Template

Use this form if your lender doesn’t have their own discharge authority form.

• Generic Discharge Form

How To Request A Mortgage Discharge (Step- By-Step)

Follow these six steps of the mortgage discharge process:

Step 1: Notify your lender

Contact your lender and let them know of your intention to discharge. Ask about their specific requirements such as the discharge fee and the expected timeline. If you’re on a fixed-rate loan, request a break cost estimate.

If you have a mortgage broker, they can handle this request for you.

Step 2: Complete the discharge authority form

Download or access the discharge authority form for your lender using the links or calling your lender. Complete all sections accurately, including: full legal names of all borrowers, home loan account number(s), property address and Certificate of Title reference, and bank details for any refund of excess funds.

Step 3: Submit the form

• If selling: give the signed form to your conveyancer at least four weeks before settlement.
• If refinancing with a broker: hand the form to your broker who will coordinate with both lenders.
• If refinancing without a broker: submit the form directly to your current lender at the same time as applying for your new loan.

Step 4: Confirm the payout figure

Your lender will calculate a final payout figure, which includes the remaining loan balance, accrued interest, and any applicable discharge fees.

Step 5: Lender processes the discharge

Your lender prepares the discharge documents and either lodges them electronically via PEXA or sends paper documents to your conveyancer for manual lodgement at the Land Titles Office.

Step 6: Settlement and title update

At settlement, the mortgage is removed from your property title. You will receive confirmation or an updated Certificate of Title, showing the lender has been removed.

How Long Does A Mortgage Discharge Take?

A standard mortgage discharge in Australia takes 10 to 21 business days, assuming the paperwork is complete and there are no complications. Most major banks process standard variable rate discharges within 10–15 business days.

What Is A Partial Discharge?

A partial discharge is when you ask your lender to release one property from a home loan that is secured by multiple properties.

This usually happens when you sell one property while keeping the others attached to the same loan.

In simple terms, the lender agrees to remove one property from the loan security, but only if the remaining loan still meets their lending rules.

When Do You Need A Partial Discharge?

You may need a partial discharge when:

• You sell one property linked to a multi-property loan
• You want to separate securities tied to one mortgage
• You are restructuring your existing loan
• You want to keep one property while releasing another from the same loan

The most common reason is selling one of the properties used as security for the loan.

How Does A Partial Discharge Work?

When a lender approves a partial discharge, they check whether the remaining property still provides enough security for the loan.

In most cases, the lender will want you to maintain a similar Loan to Value Ratio (LVR) to the one you had when the loan was approved.

That means you may need to use some of the sale proceeds to reduce the loan balance before the lender agrees to release the property.

Partial Discharge Example

Let’s say you have:

• 2 properties worth $500,000 each
• 1 loan of $800,000
• Both properties are secured under that loan

The total property value is $1,000,000, so your LVR is 80%.

If you sell one of the properties, your lender may require you to reduce the loan so the remaining property still sits at 80% LVR.

In this case, the lender may ask for $400,000 from the sale proceeds at settlement. That would reduce the loan balance to $400,000, which keeps the remaining property at 80% of its $500,000 value.

What If The Remaining Property Has Increased In Value?

If the property you are keeping has gone up in value, the lender may allow you to keep a higher loan balance.

For example, if both properties were originally worth $500,000 but are now worth $600,000 each, the lender may revalue the remaining property.
If the remaining property is worth $600,000, then an 80% LVR would support a loan of $480,000.
That means the bank may only require you to reduce the loan to $480,000, instead of $400,000.

How Much Does It Cost To Discharge A Mortgage?

Discharging a mortgage in Australia typically costs between $300 and $700 in total, made up of your lender’s discharge fee plus a state government registration fee. The exact amount depends on your lender, loan type, and state.

Lender Discharge Fees

Fees current as at early 2026. Always confirm the exact fee with your lender before submitting. Break costs for fixed rate loans are calculated individually based on remaining balance, remaining fixed term, and the difference between your fixed rate and current market rates.

State Government Registration Fees

In addition to your lender’s fee, each state and territory charges a registration fee to formally record the discharge at the Land Titles Office.

Government fees are subject to change. Ask your conveyancer for the current fee at the time of your discharge.

Is It A Good Idea To Discharge Your Mortgage Early?

For most homeowners, discharging when selling or refinancing is simply a necessary step. However, if you are considering breaking a fixed rate loan to refinance, or closing a loan you have paid off, there are a few things to weigh up first.

• You are on a fixed rate and are exiting early, as the break costs could be significant. It’s best to get a written estimate from your lender before proceeding.
• You have substantial savings in your offset account. Closing the loan removes the access to your offset facility.
• Refinancing costs outweigh savings. You can use a refinance calculator to confirm if the switch can save you monkey after calculating discharge fees, establishment fees and even LMI fees.

Need Some Help?

Speak with one of our experienced mortgage brokers about your refinance needs by calling 1300 889 743 or by filling our free enquiry form.

Do you have any questions or are you confused?

Feel free to write them in the comment section below and we’ll get back to you right away.