Mortgage Deeds Retention - Cheapest?

supersaver84

I have just paid off my mortgage early and have recieved a quote from my building society for keeping the Deeds on my house which is approximately £25 a year.

Is anyone aware of any bank / building society who will do it cheaper ???

Ian_W

Hi supersaver,
Why do you want to pay someone else to keep your deeds? :rolleyes:

The land reg now have computerised records of all registered property so the paper deeds are apparently now only of historical interest and allow easier access if you ever have a dispute over rights of way, who maintains boundry fences etc. You can get a copy of your deeds, I believe, on payment of £2, so it's no big deal if they're lost.

We keep ours at home in a fireproof box with a copy lodged with a close relative, well, can't afford to go shelling out £2 willy nilly, can we?

quatro

My solicitor keeps my deeds for me at her office for nothing, as I'm a regular customer! I don't know if all solicitors do this - assuming you will use them for any future transactions.