Deeds storage

SteveBentley

I'm about to pay off my mortgage, can anyone give me some advice on deeds storage?

I understand the deeds document itself isn't worth the paper it's written on any more because it's all gone electronic, but the bundle of documents generally known as "the deeds" contains a lot of other paperwork and I'm not sure whether these are valuable or not and whether I need to make any special arrangements to store them.

If I do, what are the options?

kingstreet

The deeds pack is now nothing but a historic curiosity. It will be sent to you on repayment and it has no great value.

If you are bothered, ask your local bank about its secure storage facilities.

SteveBentley

Thanks, that's kind of the first part of my question - should I be bothered?

kingstreet

If it's a leasehold property and/or if there are any restrictive covenants which may come back to bite you on the ar5e later, it may be useful to keep it safe.

For a bog-standard freehold it's not really necessary.

FWIW I have the envelope for our 1995 four bed executive matchbox in my office filing cabinet in the house!

Mojisola

SteveBentley wrote: »

Thanks, that's kind of the first part of my question - should I be bothered?

We're keeping our deeds at home just for historical interest but we've also got copies of them saved digitally just in case anything happens to the originals.

SteveBentley

Thanks, it is leasehold so I guess I do need to find some safe storage. I've heard people suggest not to use solicitors as if they go out of business it becomes an issue to get the documents back?

ethank

I scanned mine and kept for historical reasons, but again all my stuff saved in my filing cabinet!

shireknight

I received the deeds to my house in amongst the other paperwork I received after I exchanged even though the mortgage states that if I wish the bank to look after them once I've paid the mortgage off they will charge a fee -now that has to be a novelty lol