What happens after lodgement at the deeds office?

The Title Deed is the record of who owns a property. If you apply for a home loan on a property, then once the home loan is approved, the person selling the property to you appoints a conveyancing attorney who transfers the property to your name.

This ‘transfer of property’ process includes the lodging of the Title Deed in your name at the Deeds Office.

The lodging of the Title Deed usually takes about 7 to 10 days. Once it is verified, the Registrar of the Deeds Office signs off on it, and the Title Deed is officially lodged.

Once the Title Deed is lodged, a copy is kept by the bank until your home loan is paid off, at which point the Title Deed can be provided to you. You can, however, request photocopies of the deed at any time.

However, as mentioned, the first stage is home loan application; you need only concern yourself with the Title Deed if your home loan is approved. If you apply for a home loan with ooba Home Loans, we can help you secure the best deal by submitting your application to multiple banks, and allowing you to compare their packages.