What does it mean for a mortgage to be discharged?

UNO home loans

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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What our customers are saying

Jayne Calam

March 4, 2026

I honestly couldn’t recommend Jake de Ruyter more highly! From start to finish, he was absolutely amazing. He made the entire process smooth, stress-free, and easy to understand. His communication was excellent, he was incredibly quick to respond to emails, phone calls, and messages. No matter what we asked, he got back to us straight away and explained everything clearly, which made the whole process feel so much less stressful. Thank you for such an outstanding experience!

Anna Webb

February 26, 2026

Scott and his team has been absolutely wonderful to work with from start to finish. What could have been a very stressful experience was made so much easier thanks to Scott’s support and dedication. I truly appreciate all the hard work he has put in to help me secure the best outcome possible. I would highly recommend Uno Home Loans to anyone looking for reliable and knowledgeable financial assistance.

Michael

February 13, 2026

I contacted Uno on a whim about refinancing a small loan. Once I was in communication with Mike Parsons, I knew I was in safe hands. He was patient throughout the process and I appreciated his personalised, purposeful and professional service, especially the following up when it was required. Mike also comes highly recommended for his knowledge.

Desert Rose

February 4, 2026

I reached out to Mike Parsons and he was knowledgeable, tailored his advice to my specific situation and offered options which were aligned with my goals. Above all he was understanding and professional.The whole process was smooth and stress-free. Mike offered exceptional service and kept me updated throughout the whole approval process.

Mac

February 4, 2026

I highly recommend Mike Parsons from Uno Home Loans. He is a clear, patient communicator who made the complex loan application and settlement process easy to understand. Mike is very thorough and reassuringly meticulous with documentation. He was generous with his time, always prompt with answers, and handled multiple applications and extensions for us seamlessly, while giving useful advice on loan options along the way, even if it meant more work for him. Most importantly, Mike secured us a great loan when other brokers couldn't. I’ve already recommended him to friends and will continue to do so. The best broker I have used out of the several i have interacted with.

Christian Hartwig

January 28, 2026

Worked with 4 brokers now, 2 from uno one two with lendi. Uno is best, and jake is the best from uno. <3

Shona Vetenibua

January 5, 2026

We can’t recommend Paul highly enough. He truly went above and beyond for us and made what could have been a stressful process feel simple and manageable. Paul’s communication was clear and honest from the start. He was straight up about everything, provided us with a clear list of what we needed to supply, and then took care of the rest. He was transparent throughout the entire process and always took the time to answer our questions — no matter how big or small. As first-home buyers purchasing in a new country, we were nervous going in, but Paul made the whole experience easy and reassuring. We felt supported every step of the way and genuinely appreciated his professionalism and guidance. Very appreciative of everything Paul did for us — we couldn’t have done it without him.

Miten Chauhan

December 31, 2025

We had the pleasure of working with Paul Davey to secure a home loan for our first home. Paul was extremely knowledgable and helped make the entire journey of securing a property in Australia a breeze. We can't thank you enough for everything you did Paul, you are a true legend. Thank you very much! We'll be back for our next property.

Jamal Miller

December 29, 2025

Mike was recommended to us by a friend and exceeded expectations. He was extremely informative, patient, and flexible, and made our first home purchase a smooth experience. Beyond securing a great rate, the real value was how he managed all communication between solicitors, lenders, and other parties. This made settlement seamless and was incredibly helpful for us as time-poor buyers. Highly recommend.

Tutana Outram

December 20, 2025

Jesse provided exceptional guidance throughout our refinance, home sale, new purchase, and the construction loan for our family home. His professionalism, clear communication, and attention to detail made every stage of the process seamless. Highly recommended.