My mortgage broker just told me there's a NOSI on my home
Your refinance or mortgage renewal is paused because a NOSI on title needs to be discharged. The finance company is quoting a buyout figure that does not match what you understood the equipment to be worth. Lenders typically will not advance funds while the NOSI is in place.
What to do right now
- Get the buyout quote in writing from the finance company.
- Pull the parcel register so you have the registration details.
- Confirm with your mortgage broker the latest acceptable date for discharge.
- Do not sign or pay anything before a second opinion — closing-pressure buyouts are often negotiable down.
- Book a free review immediately — we work on refinance-deadline timelines.
What to gather
- Parcel register or title search
- Buyout quote in writing
- Original installer agreement
- Photographs of the equipment data plates
- Your refinance closing date
The legal framing
A NOSI is independent of the payment relationship — it sits on title until discharged. Where the underlying agreement is unenforceable under the 2018 amendments, the NOSI can be challenged on the same grounds.
An assignee's rights are no greater than the assignor's. The finance company is bound by the same defences that would apply to the original installer.
Expected timeline
Negotiated discharge typically 2-4 weeks. Closing-deadline cases are often expedited.
This is time-sensitive — reach out today
A free, confidential review takes about fifteen minutes.