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House Deeds - guidance of keeping safe ??
suchard007
Posts: 34 Forumite
Have been reading through a few threads and am getting the gist that maybe it's not such a good idea to pay of a mortgage completely - thus providing somewhere safe to keep Deeds? We are just about to pay off our mortgage and this hadn't even occured to me ( :eek: dim or what ?)!! Is this something we really should consider? Is it really not worth paying off this encumberance simply to provide a source of safety for our property Deeds? Any advice is so very much appreciated. Thank you. 
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Comments
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Most properties are now registered with the Land Registry. If this is so the deeds have only historical interest. In which case photocopy them, give one copy to a friend and put the originals under your mattress.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
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Or just pay off the mortgage except for £1. Let the lender keep your deeds if you are worried. Not sure why you are worried though.0
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Personally, I'd rather have the deeds. Shows I actually own the property (not the lender)
As aforementioned, you will be registered as the owner on the land registry, so it doesn't really matter anyway.0 -
Many thanks - as always these forums are a mine of information.
Thank you. :j0 -
Why not keep them with your will ?0
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