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kanwal3017 | 07:54 Sat 30th Jan 2021 | Business & Finance
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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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I guess for their approval before they process the loan. You could always ask your solicitor?
If you're talking about the title deeds then, as explained here:
http://www.contractsandagreements.co.uk/title-deeds-explained.html
"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.

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