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deeds - who holds them?

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  • loulou41
    loulou41 Posts: 2,871 Forumite
    Halifax told us to keep £1 in our mortgage so that they can keep our deeds after we paid the mortgage. That was years ago.
  • ...thanks clutton and chirpy - but just to clarify: are the deeds sent to me EVEN IF i still have a mortgage on the property (which i do have)? thanks :)
    have a good monday week also.

    Yes l still have a very looooooooooooong mortgage but when we changed thats when we got sent ours. I was a bit worried at first aswell but its fine.
  • loulou41 wrote:
    Halifax told us to keep £1 in our mortgage so that they can keep our deeds after we paid the mortgage. That was years ago.

    The reason Halifax do this is because you have to have your buildings insurance with them unless I am mistaken.
    ..
  • clutton_2
    clutton_2 Posts: 11,149 Forumite
    "Halifax do this is because you have to have your buildings insurance with them""

    i think that used to be the case - but now - no lender can force you to use their insurance anymore - but they will charge you a £20ish "read" fee if you use another insurer.
  • free4440273
    free4440273 Posts: 38,438 Forumite
    thanks all for your answers - sorry for the late reply.i believe i have thanked each and everyone of you. have a good remainder of the week folks :)
    BLOODBATH IN THE EVENING THEN? :shocked: OR PERHAPS THE AFTERNOON? OR THE MORNING? OH, FORGET THIS MALARKEY!

    THE KILLERS :cool:

    THE PUNISHER :dance: MATURE CHEDDAR ADDICT:cool:
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