Mortgage Deed - What is one and does it convey ownership of a property to the lender

Owain0809

Hi. This is probably a basic question but what is a Mortgage Deed and by signing it does it convey ownership of a property to a mortgage lender?

csgohan4

A quick search of google:

https://hmlandregistry.blog.gov.uk/2018/02/19/title-deeds/
https://www.lawsonlewis.co.uk/page/mortgage-deed (No affiliation)
Your lender will be putting a charge on the property as you have a mortgage with them

Owain0809

Thank you - most helpful. Question closed.

Linton

If you take out a mortgage on a house you still own the property, contrary to what some people say.  The lender has the legal right to some of the proceeds when the house is sold.