Property title deeds

[onedah]

My Mothers just finished paying off her house mortgage and has received a letter from her lender about her deeds and as to whether she would like the have the mortgage company keep hold of them or if she would like to receive the original.

Not sure what is the best course of action for her? Does anyone have any advise or experience of what she should do?

Thanks

[Buzzardist]

Leave it with the lender, there will probably be a very small annual charge but you know where it is and it is secure.

[dot.hawkes]

when i remortgaged i was given the full deed bundle as the building society said they did not keep them any more, now at least i know i have them and they aren't gonna get lost, like my neighbours did, vanished from the royal bank of scotland 'sometime in the last 12 years' during re-shuffle and renovations and noone ever found them

[Buenchico]

There's no point paying the (ex-)lender to store the deeds as they're effectively meaningless anyway. The (electronic) records stored at the Land Registry take precedence.

I've got the deeds to my house in the filing cabinet right next to where I'm sitting as I type this. If, for some strange reason, they suddenly burst into flames, I wouldn't be at all bothered (unless the fire spread!) because they serve no legal purpose whatsoever.

Chris

[onedah]

I sent a email to the Land Registry and below is there reply
++++++++++++++++++++++++++++++++++++
If the property in question is registered then the register maintained by Land Registry is legal proof of ownership. Land Registry does not keep copies of the pre registration title deeds, however, official copies of the register are available from Land Registry.
In this instance, you may wish to ascertain whether the land is registered.
You need to apply to the District Land Registry for that area on form OC1 for an Official Copy of the register. For land or a property without a postal address, you will also need to lodge form SIM together with a plan identifying the area. This will ensure that we provide you with accurate information.
The register will show, among other things, the current owners name and address; any charges (mortgages) over the property; covenants restricting its use; beneficial and subjective easements and in most circumstances the price paid.
Forms OC1 and SIM can be downloaded from our website but the application cannot be made online.
++++++++++++++++++++++++++++++++++++

Looks like the copy the lenders have is not as important as I believed. Hope this helps others....

[Law Student]

If the mortgage company hold the title deeds it is unlikely that this is registered land. If the land is unregistered, to prove title you need the original deeds. If you can't prove title you will have difficulty selling the property as the purchaser (who must register it) will not be granted 'absolute title' by the Land Registry for another 15 years.

If the land is registered the deeds are irrelevant.

LS

[sumida-river]

It doesn't really matter what option she chooses as she can request new title deeds at any time. A good website for providing title deeds and registers is http://www.landsearch.net/services.asp