ChatterBank1 min ago
Deeds to Property
17 Answers
Not sure where i should put this question but what i need to know is where the deeds to our property should be kept for safe keeping once our mortgage is finished? I am not impressed with the solicitors we have used for years or i would ask them to keep them. So where do you keep yours?
Answers
Assuming you are in the UK, 99% of the time they are useless bits of paper. Your property should be registered with the land registry website and if there is any dispute then 99% of the time their record will be the legal one. The other 1%'s are houses that have not been sold for yonks and land registry records that have an...
12:22 Wed 21st Mar 2012
Assuming you are in the UK, 99% of the time they are useless bits of paper. Your property should be registered with the land registry website and if there is any dispute then 99% of the time their record will be the legal one. The other 1%'s are houses that have not been sold for yonks and land registry records that have an error.
http://www.landregistry.gov.uk/
http://www.landregistry.gov.uk/
Registering your land at the LR is not free, but it doesn't cost much. The LR uses the information provided by your deeds document to record the area of land that you own and details of your proprietorship. They hold the deeds on record, but issue a land registration certificate.
Since about 2001 it has been compulsory to register a piece of land before it can be transferred to anyone else (sold) - so you have to go through this process eventually anyway, sooner or later.
Since about 2001 it has been compulsory to register a piece of land before it can be transferred to anyone else (sold) - so you have to go through this process eventually anyway, sooner or later.
I've just been to my solicitor and left my deeds for safekeeping with them. He said I didn't really need it because everything's electronic these days, but it's still nice have a pack of papers to lay your hands on.
If you don't like your previous solicitors, you can always just change, you don't need a reason - we did.
If you don't like your previous solicitors, you can always just change, you don't need a reason - we did.
Registering your title is most desireable should you want to sell or mortgage the property. If you own large areas of land it will also give you notice if any squatters try to claim a part of it. However do not dispose of your bundle of paper title deeds. If things go belly up and you end up in court arguing about for example a boundary line the court will base their decision on whatever the paper deeds say. The Land Registry (usually) only records the general position of a boundary. It is the title deeds that are definitive.