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House Deeds. Where do you keep them and how much does this cost?
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# 1
Essenchill
Old 26-05-2007, 12:22 PM
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Default House Deeds. Where do you keep them and how much does this cost?

Hi,

Recently bought first house and at completion, solicitor requested we pick up the deeds from them. After doing this realised that we shouldn't keep them in the house but now not sure where to keep them. Mortgage lender is looking to charge a flat charge per year to hold them, but wondered where else I could enquire to as to where to keep them.

Any advice appreciated.
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# 2
Madmel
Old 26-05-2007, 12:58 PM
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I'm surprised your mortgage lender hasn't demanded them! Whenever I've had a mortgage, the lender has always kept the deeds, and as far as I know, has never charged any extra for them.

When we bought this place, we didn't need a mortgage and enquired about retention of the deeds with our solicitor. This firm offers free storage of house deeds providing you have used them for conveyancing, which of course we had.
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# 3
runmartin
Old 26-05-2007, 1:02 PM
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If you bought the house recently then the Land Registry has all the details (scanned deeds) and you will be the registered owner, therefore the deeds your solicitor has are not required anymore.
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# 4
Aliss
Old 26-05-2007, 1:04 PM
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I have mine in a locked fireproof filing cabinet in the house. I didn't think there was a reason for not keeping them in the house... why shouldn't you?

I can think of fire and theft but is there another reason?
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# 5
runmartin
Old 26-05-2007, 1:06 PM
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Land registry website

http://www.landregisteronline.gov.uk...hType=advanced
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# 6
Essenchill
Old 26-05-2007, 3:02 PM
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Yes, was thinking of fire/theft, and haven't got a fire proof safe - as yet - confused as to what to do with them... I have a copy of the Land Registry within the deeds (current copy) and all the previous versions, but would need to pay for a new copy if I 'lost' this copy.

Wouldn't a sale of the house generate a need for all the deeds associated?
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# 7
runmartin
Old 26-05-2007, 5:10 PM
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Quote:
Originally Posted by Essenchill View Post
Wouldn't a sale of the house generate a need for all the deeds associated?
No, as you have just completed recently then the deeds have been electronically copied by the Land Registry therfore making them useless.

see post 5 of
http://forums.moneysavingexpert.com/...ighlight=deeds
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# 8
seven-day-weekend
Old 26-05-2007, 5:16 PM
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You don't need historic deeds any more if your house is registered at the land registry, so it doesn't matter where you keep them, including in the bin.
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# 9
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Old 26-05-2007, 7:24 PM
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Quote:
Originally Posted by seven-day-weekend View Post
You don't need historic deeds any more if your house is registered at the land registry, so it doesn't matter where you keep them, including in the bin.
Does that include houses bought some time ago? We paid our Birmingham & Midshires mortgage off about 12 years ago, and left our deeds with them. They don't charge us for storage, as on their advice we left a balance on the mortgage account of £1 (interest free).

However they have since closed their local branch, and I'm not even sure they still exist as an entity in their own right, so goodness knows where our deeds are now.

It would be reassuring to know that the Land Registry have all the necessary documents, should we wish to sell and be unable to track down our deeds.
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# 10
runmartin
Old 26-05-2007, 9:55 PM
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Go on the land registry website and put your house number and postcode and it should tell you if it is registered.
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# 11
Alfie E
Old 26-05-2007, 11:19 PM
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Quote:
Originally Posted by Bogof_Babe View Post
However they have since closed their local branch, and I'm not even sure they still exist as an entity in their own right, so goodness knows where our deeds are now.
Birmingham & Midshires still exist. See the Birmingham Midshires website. They’re part of Halifax plc, but they still have their old Wolverhampton HQ. I wouldn’t be surprised if that’s where your deeds are.

Given the age of the mortgage, I wouldn’t expect the property to be registered with the Land Registry. The first registration costs money, so it’s usually only done if it has to be. If your property’s not registered and you feel like writing to them, their freepost address is near the top of their Data Protection Act page.
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# 12
Essenchill
Old 27-05-2007, 4:31 PM
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Quote:
Originally Posted by runmartin View Post
No, as you have just completed recently then the deeds have been electronically copied by the Land Registry therfore making them useless.

see post 5 of
http://forums.moneysavingexpert.com/...ighlight=deeds
Final question then, I think:

The Land Registry has an electronic copy. I currently have a hard copy of this electronic copy. If I was required to produce a copy of the current deeds, but could not find my hard copy I would need to pay a fee to get a copy wouldn't I? If I was required to produce a HIP, I would require a copy and end up paying a fee for this (if I didn't have my hard copy already)?
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# 13
silvercar
Old 27-05-2007, 5:26 PM
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Quote:
Originally Posted by Essenchill View Post
Final question then, I think:

The Land Registry has an electronic copy. I currently have a hard copy of this electronic copy. If I was required to produce a copy of the current deeds, but could not find my hard copy I would need to pay a fee to get a copy wouldn't I? If I was required to produce a HIP, I would require a copy and end up paying a fee for this (if I didn't have my hard copy already)?

Yes, you would have to pay £3 to download them from the Land Registry website.

We all say that the deeds are with Land Reg but I found an old building regs certificate amongst my deeds from the BS. In the process of moving my buyer's solicitor did ask for it.
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# 14
Happy Fanatic
Old 27-05-2007, 6:13 PM
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I recently received a wedge of old deeds and stuff about my house when I remortgaged to the C & G.

I spoke to my solicitor and he said some of the planning documents would be needed when I decide to sell. I've kept everything in my house just filed maybe I should invest in a fire proof safe?

It's a shame banks are decluttering these documents some of mine are over 150 years old.
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# 15
seven-day-weekend
Old 27-05-2007, 6:22 PM
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We too have kept our documents going all the way back to the 1850s although when the Staffordshire sent them to us they said they were no longer required and it was up to us whether we kept them or not.

They ars SO interseting and in all that time our house has only had six owners! (we've had it since 1976).

Seems as though people who live in it love it and don't want to leave!

We live in Spain at the moment and our son lives in it .
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# 16
CB1979
Old 27-05-2007, 6:31 PM
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under the mattress, safe as then
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# 17
sortofok
Old 27-05-2007, 6:34 PM
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Quote:
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under the mattress, safe as then

So where do you put your money then CB?


Or do you not need cash my friend

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# 18
CB1979
Old 27-05-2007, 6:38 PM
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i don't need cash, my house is made of gold, I trade in harvest produce & livestock.

the going rate for example is:
1 sack of potatoes, 1 sheep & 1 pig for the latest Nike Trainers.

IF (and it very rarely happens) i do need to purchase items with money, due to me having a particularly bad harvest or Spurs_nut not doing a good job at impregnating the sheep, I will then take a brick from my chimney and sell it to the tinkers for the devil's paper!
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# 19
sortofok
Old 27-05-2007, 6:52 PM
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is it a big house my friend?


You know.............



.......................with a lot of bricks?
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# 20
communisis
Old 11-05-2011, 9:52 AM
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Default do I have to pay for house deeds

My mortgage is coming to an end in september do I have to pay for my deeds which are held with santander
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