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Deeds Dispatch Fee
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Ron_O'Neill
Posts: 2 Newbie
I have had a letter from the Halifax, it tells me that I've only got £292-85 left to pay on my 25 year motgage. Payments are by direct debit.
It mentions a Deeds Dispatch Fee of £50, that seems a bit pricey for them to put the paperwork in an envelope and send them to me or am I missing something.
Any advice gratefully received.
Ron
It mentions a Deeds Dispatch Fee of £50, that seems a bit pricey for them to put the paperwork in an envelope and send them to me or am I missing something.
Any advice gratefully received.
Ron
0
Comments
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They are held in fire-proof building
they are sent to you recorded delivery
from website@
"Deeds despatch fee £50
We charge this fee when we send the title documents to a conveyancer acting for you, or to a branch office to enable you to inspect the title documents. We also charge this fee if we send the title documents to you or a third party following full repayment of the mortgage.0 -
But it is all held electronically .Dispute it[FONT=Arial, Helvetica, sans-serif]To be happy you need to make someone happy.[/FONT]0
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Sorry I dont think a fifty quid fee is exactly extortionate! when will people realise that lenders have right to charge fee's and they are in existence to make a profit?I am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
If the house is registered with land registry think carefully whether you want these deeds. Anything you need to sell the property will be registered at LR and can be obtained from them.
The deeds from the building society may be historically interesting, they may show original planning permissions etc but they have no intrinsic value for a registered property.
Maybe the lenders should point this out?I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
Exactly so why should it cost £50?and they are not in the business of making unfair profit ,but they do need to make profit to pay intermediaries.If the house is registered with land registry think carefully whether you want these deeds. Anything you need to sell the property will be registered at LR and can be obtained from them.
The deeds from the building society may be historically interesting, they may show original planning permissions etc but they have no intrinsic value for a registered property.
Maybe the lenders should point this out?
When will some realise that this site is about money saving,it is consumer based and does not represent financial institutions.[FONT=Arial, Helvetica, sans-serif]To be happy you need to make someone happy.[/FONT]0 -
Yes kenshaz it is held electronically
The borrower does not have to have them, therefore no fee. They do point out that if you don't want them, there will be no fee, but they will be destroyed
but historical deeds of the house are nice. all about boundaries ect0 -
Why not just give them away,a gesture rather than destroying them.Why the need to dispose of them rather than allowing the person to have them ,they are useless any way,and just hold sentimental value .regularsaver1 wrote: »Yes kenshaz it is held electronically
The borrower does not have to have them, therefore no fee. They do point out that if you don't want them, there will be no fee, but they will be destroyed
but historical deeds of the house are nice. all about boundaries ect
Why be so petty if you want them it will cost you £50,if you don't we will burn them.[FONT=Arial, Helvetica, sans-serif]To be happy you need to make someone happy.[/FONT]0 -
Really don't know
maybe the fee is more for their service of the building which has held them since mortgage started and recorded delivery
they haven;t taken deeds for new mortgages since 2002 because not needed0 -
They are just being HBOSregularsaver1 wrote: »Really don't know
maybe the fee is more for their service of the building which has held them since mortgage started and recorded delivery
they haven;t taken deeds for new mortgages since 2002 because not needed[FONT=Arial, Helvetica, sans-serif]To be happy you need to make someone happy.[/FONT]0 -
slightly off topic but I received my annual statement from halifax today and there was the £50 deed despatch fee & £175 exit admin fee .The statement was dated 30/4/07
I had enquired in March about my mortgage ,and was sent a letter telling me how much I owed and the exit fee was £115 .
So I phoned Halifax and they bull sh1ted a bit ,but all I will have to pay is £115 exit fee .I hate halifax0
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