MORTGAGEE'S CAVEAT

A mortgagee's caveat is lodged by a lender (mortgagee) who has taken a mortgage over property, but the mortgage has not yet been registered.  This often happens where there is a delay in processing documents or where the lender has a non-registrable mortgage, such as an equitable mortgage created by agreement.  Even though the mortgage is not on the title, the lender still has an enforceable interest in equity.

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By lodging a mortgagee's caveat, the lender ensures that no other interests can be registered without first being notified, preserving their priority as a secured creditor.

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Fee - $470 plus GST

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The above fee excludes the Landgate registration fee and the cost the withdraw the caveat (should that be required).

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See also Withdrawal of Caveats

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