Deeds To A House

[Andyopey]

We have a mortgage but our solicitors went out of business some years ago, they sent us the original deeds to our house, your comments on should we still pay the mortgage or do we now own our home outright

[craft1948]

If you still owe money why would you stop paying?

[Andyopey]

We feel that we should to pay our mortgage, but where legally do we stand

[Mamyalynne]

Until you have paid the money to the Mortgage lender, you do not own your house.

[craft1948]

No idea, my ex-neighbours had the deeds to their house (no idea why) but they still had to pay their mortgage.

[SirOracle]

You should contact the company who you pay the mortgage to each month. They will be able to tell you how much is still outstanding on your mortgage.

The fact that your solicitor is no longer trading is irrelevant.

[DJHawkes]

solicitors no longer keep historical hard copy deeds as they scan them all in and keep a digital copy. they now send the deed bundle to the person named on the deeds as the legal owner

[DJHawkes]

Included in your deeds should be the original mortgage offer and to make sure the bundle remains up to date should you come to sell, you should add to it any matters relating to the property title, buildings insurance and any gaurantees relating to any improvements or structural/building alterations and all annual mortgage statements just to be on the ball for the future

[Maydup]

You might have the deeds and be the owner of the home, but you still have a debt against it in the form of the mortgage.

[factor-fiction]

My mortgage provider also sent me my deeds part way through the mortgage term. If the property has a registered title then the deeds are not important anyway, so I can see why building societies no longer want to store them.

[woofgang]

Not sure why your solicitor's going out of business should affect your mortgage?

[Old_Geezer]

You will own your home already, but it will have been used as collateral for the mortgage so if you do not pay it, it would be sold to cover your debts.

Have to say this seems a strange question. Why would you be curious ?