ChatterBank1 min ago
Lenders
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I am in the process of buying a house. My solicitor says that the house papers have all been passed to the lenders. What does this mean
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For more on marking an answer as the "Best Answer", please visit our FAQ.If you're talking about the title deeds then, as explained here:
http:// www.con tractsa ndagree ments.c o.uk/ti tle-dee ds-expl ained.h tml
"If there is a mortgage then the deeds will be kept by the mortgage lender"
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"If there is a mortgage then the deeds will be kept by the mortgage lender"
Paper deeds are no longer used. They will probably have sent photocopies of the Land registry TR1 forms as the Mortgage company will be listed on there as having an Interest (Lien). the Mortgage company will need site of the actual Deeds to make sure there are no Caveats preventing certain things, but this will be done electronically.