house deeds storage

PenL

Does anyone know where I can find a straight forward comparison of fees charged by banks and building societies for storage of house deeds please?

nearlyrich

Sorry I don't know the answer to your question . but Halifax charges unless you keep £125 back from paying off the mortgage. Maybe this should go on the mortgage board you may get someone who knows more about it. :-/

lisyloo

If you are a customer of a solicitor then they will normally hold them for free.

Legal documents are now held electronically at the land registry. The paper document is now not so important, so why not just keep it at home for free?

System

I am not sure that documents for all properties are held electronically by the Land Registry. I seem to recall that the records only become electronic when the house is sold.

So if you have owned the same house for many years then there may be no electronic record yet.

Also I am not sure that the Land Registry actually holds the deeds electronically. I think it is only the title that is held electronically.

The deeds contain important information about covenants etc. so I guess you don't want to lose it!

System

When my mortgage was concluded a few years ago Abbey National had a 'Deedsave' service that allowed you to leave the deeds with them for storage, as long as 50p was left on the mortgage, for free!
On thinking about this I have a feeling it maybe only applied to Scotland though?

System

The solicitor who sorted out my inheritance has got mine. I have a copy of them for reference. He doesnt charge for the service.

jacquie

I'm in the process of paying my mortgage off. The Halifax informed me that if we leave £100 outstanding on the mortgage they will look after deeds for free.

hutchie_3

We very recently redeemed our house deeds from Abbey National .deedsave service.They charged us £65+vat to set it up and £95+vat to release them.Racketeers the lot of them.

lisyloo

You can buy a fireproof safe for £30 from screwfix direct (or leave them with a solicitor for free).

System

You can buy a fireproof safe for £30 from screwfix direct (or leave them with a solicitor for free).

Thats worth knowing lisyloo, although my deeds are with the solicitor, there are other papers that need storing in case of a fire.

Yesterday i asked Mr Judi who does our buildings/contents insurance..... and he said he had forgotten. ( we do have cover, but he had forgotten which company he went through), theres also business stuff to do with his work, and birth certs which would cost a fair bit of time/money to replace.

Robert_Sterling_3

We very recently redeemed our house deeds from Abbey National .deedsave service.They charged us £65+vat to set it up and £95+vat to release them.Racketeers the lot of them.

If this is not libel it comes close to it.
You will have signed up to the terms and conditions of the mortgage and I think that you will find the redemption charge was taken into account when the APR for your mortgage was calculated on day one.