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House deeds - valuable document?
GingerBob_3
Posts: 3,659 Forumite
Today I received the deeds of my house after paying off a 20 year mortgage. The house was a new build in 1996. Having recently spoken to a solicitor he said the deeds, while interesting, are not documents that have any intrinsic value, unlike before electronic deeds were introduced. However, the documents are clearly the originals and bound up with string, which makes them look "official". How vital is it that these documents are kept safely, bearing in mind the age of the house?
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Comments
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Depends what they are exactly, and whether the Land Registry has scanned/stored them all.
See also
https://forums.moneysavingexpert.com/discussion/5442959
and
https://forums.moneysavingexpert.com/discussion/5442959
Also depends if current owner, and/or future owners, have any interest in historic documents.0 -
I'd frame them in recognition of the fact i was mortgage free!0
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Depends what they are exactly, and whether the Land Registry has scanned/stored them all.
See also
https://forums.moneysavingexpert.com/discussion/5442959
There's a bundle of stuff, including all the solicitors' documents from the original purchase, maps, details of covenants and restrictions, as well as the "official" deeds. On the inside cover of the deeds is a warning that care should be taken of the document.0 -
People have such touching faith in the long-term survival of electronic documents.
Not to mention that if the Land Registry privatisation goes ahead, you may end up paying a great deal more to access this information should you need to prove something and you've destroyed the deeds.
If you don't want to keep them, try gifting them to the local archive/record office. Many have deeds going back to the 12th century, and they didn't throw them all out when electronic registration came into being, because actually the deeds do have historical value. You would be amazed at how often people request to see old deeds for reasons completely unrelated to owning the property!0 -
If the property is registered then they will have historical/personal value and can be useful if any issues might arise in the future on which their contents may shed some light.
Our blog article may also be of interest“Official Company Representative
I am the official company representative of Land Registry. MSE has given permission for me to post in response to queries about the company, so that I can help solve issues. You can see my name on the companies with permission to post list. I am not allowed to tout for business at all. If you believe I am please report it to forumteam@moneysavingexpert.com This does NOT imply any form of approval of my company or its products by MSE"0
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