What is a partial discharge?

A partial discharge occurs when you have more than one property securing your home loan and you want to release or sell one, leaving at least one of your loan accounts open.

A partial discharge is subject to a credit assessment. To arrange this, please email mortgagevariations@macquarie.com.au with details of your request and supporting documents

You can also contact your broker who initially set up your Macquarie home loan to arrange your partial discharge request.

It’s important to note that if you are also subdividing the property, the subdivision must take place first before the partial discharge can proceed. For more information, see Home loan substitution of security request.

Documents required

To process a partial discharge we will need the following:

  • Completed and signed Discharge Authority Form. It is important to ensure the following information has been correctly completed:
    • which property is to be released (section 2),
    • select ‘Partial Discharge’ (section 3).
    • Form is wet signed by all borrowers. Electronic signatures won’t be accepted.


What happens next?

  • We’ll review your request once received with all supporting documents. We may request for additional information or documents to complete the assessment and provide a formal approval.
  • After formal approval you’ll receive a Variation Acceptance that will need to be signed and returned to our solicitors. The contact details for our solicitor can be found in the formal approval email.
  • Your legal representative will need to contact our solicitor to book the settlement.

A partial discharge may take up to 28 days to complete.

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