Light bulb moment?

mrs_T

Special feeling but had to pay £210 solicitor fee today to get the Nationwide's name taken off the deeds they had returned to me with a letter telling me to do it. I was told I could have left this until we ever wanted to sell/transfer the house but by that time I was sitting with the solicitor so decided just to get it done. All info. I was given by Nationwide on the phone re deeds was incorrect so beware, especially if you live in Scotland.

DawnW

ermine wrote: »

No. Land title is registered electronically with the Land Registry these days, and the electronic records supersede any paper documents.

When you discharge your mortgage, the mortgage company will initiate a transfer of title from their name to yours. You will get a (paper) confirmation of this transfer, plus probably a pack of interesting but otherwise worthless paperwork which will give you details of previous owners and stuff. It's worth looking through this to check for any planning registrations and guarantees on building works, but as far as title to your house is concerned the Land Registry update is the important one.

You can read more at the Land Registry

They just give you the paperwork when you complete these days. I bought my house 4 years ago, with a mortgage, and the solicitor simply gave me all this stuff on completion. It is interesting, as it is quite an old house, and there is lots of information in spidery writing about how the house came to be be built, and all the previous owners, which I have skimmed through, but must take time to read properly one day.

antdon

mrs_T wrote: »

Special feeling but had to pay £210 solicitor fee today to get the Nationwide's name taken off the deeds they had returned to me with a letter telling me to do it. I was told I could have left this until we ever wanted to sell/transfer the house but by that time I was sitting with the solicitor so decided just to get it done. All info. I was given by Nationwide on the phone re deeds was incorrect so beware, especially if you live in Scotland.

Thats unusual..
The final fee payable at the end of the mortgage is supposed to by used by your building society to transfer the title deeds to your name.