Re: Mortgage/Deeds-keeping

BeeJay <?@?.?.invalid> wrote 
On 31 Jan 2006 07:23:23 -0800, "sndevereux@xxxxxxxxxxxxxxxxxxxxxxxx"
<sndevereux@xxxxxxxxxxxxxxxxxxxxxxxx> wrote:

Hope you can help on this- £4000 mortgage RBS- now in a position to
repay-Never been in this position before- will I get the deeds for the
House ? Should I  store them in a safe place- any advice on storage,
the process by which I receive the deeds or if I should leave say £10
to pay... greatly appreciated.


Yes you will get the deeds. They are probably superfluous as the Land
Registry is now electronic and paper deeds are a thing of the past.
If they keep the deeds for £10, check how much they charge everytime
someone wants to refer to them or retrieve them, that will encourage
you not to let them keep them!

I left my deeds with the B.S. and paid the mortgage off except for a residual £1. They stored them for free, on condition that continued to insure the house (Buildings) via them.

Then a company bought out the rent charge on this and neighbouring properties, and started invoking covenants which insisted on an approved insurer, so I had to retrieve the deeds from them, which cost £95, and I insured with the approved company, (but not via the rent charge owners).

I now pay half what I paid the BS, for greatly increased cover, and the solicitor who holds my Will has agreed to store my house deeds without charge. Meanwhile, I am ploughing through them to check for any more unpleasant covenants. I mentioned the matter of the Land Registry now being electronic to a solicitor, and asked the significance of the paper deeds.

He smiled and said; "In case of dispute, the Courts like to see paper".
So do lawyers I suppose.     ;-)
--
Gordon Harris
.

Relevant Pages

  • Re: flipping rules
    ... We got refi house loans of 5-6%, took that money, and ... vacant and for some reason the bank wants their money. ... First deeds are construction loans for projects and they are secured by ...
    (alt.home.repair)
  • Re: Paying off grandmothers mortgage and transferring deeds into my name - advice please?
    ... > Ten years ago my grandmother who at the time was a council tenant was ... > that I should purchase the house in her name. ... > I acted as a guarantor for her mortgage and have paid the mortgage ... > deeds or my sole name would be a pertinent thing to do at this point. ...
    (uk.legal)
  • Re: changing names on the house deeds
    ... I'm in a position at the moment where the deeds and mortgage for my ... house are in joint names with my mom but she doesn't live at the ... property or pay any in towards the mortgage. ...
    (uk.legal)
  • Re: do i need permission from the council to keep chickens and ducks
    ... Christina Websell wrote: ... I depends whether the house is your own or not. ... If the house is your own you need to get sight of the deeds (ask your ... the phone as the solicitor has the deeds thanks fro your help from lisa. ...
    (sci.agriculture.poultry)
  • Paying off grandmothers mortgage and transferring deeds into my name - advice please?
    ... Ten years ago my grandmother who at the time was a council tenant was ... that I should purchase the house in her name. ... I acted as a guarantor for her mortgage and have paid the mortgage ... deeds or my sole name would be a pertinent thing to do at this point. ...
    (uk.legal)