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Deeds
mackypac
Posts: 2 Newbie
I live in Northern Ireland and am currently selling my house, the deeds for my mortgage are held with Santander. They will only send a copy of the deeds as because it’s Northern Ireland they won’t release the originals until the mortgage is paid in full.. does anyone know why this is?
0
Comments
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Presumably because your property isn't electronically registered and therefore possession of the original deeds would enable you to sell the house without the mortgage provider knowing about it.
In the 'old days', you never got the deeds until the mortgage was paid off...3 -
Does it matter? If it's normal practice by a big lender then presumably everybody can cope with it?0
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Possession of the deeds is their guarantee that you'll pay back the mortgage.0
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Thanks for the comments, I understand now.0
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