How Much Are The Deeds To Your House When You Pay Off The Mortgage

[rosiew]

Hi all

We are paying off our mortgage today (yippee). How much are we expected to pay for the deeds.
Thanks in advance

[Tilly2]

We didn't pay for ours. We just collected them from the Building Society.

[murraymints]

they are returned by mortgage provider.. no fee

[EDDIE51]

^ That's what I thought , once you have paid the mortgage the deeds are yours.

[Peter Pedant]

they should just send them to you

You are aware - that everything is now registered under the Land Registry Act 2002 ? - your mortgage charge almost certainly would have been

It is important to keep your paper deeds (altho they old advice was that you could throw them away)

a day of mortgage heaven - well done

[fiction-factory]

Some banks /lenders returne dthema while ago. They are not worth anything i don't think if they are registered at land Registry (as vast majority are ). I'm not sure you need them

[fiction-factory]

^yes, have kept mine somewhere just in case

[Peter Pedant]

The rights registrable under the act were terminated in Oct 2013 if not already entered

hooray no more written rights after that then ?

erm no - there is an exception ( haha!) for mineral and coal mining rights which are registrable - if they are provable by document - after that date.

so.... keep the documents.....( because they might show the right claimed by a third party has already been extinguished)

[jackthehat]

My house is Victorian and the comprehensive set of deeds we have make very interesting reading.
But having bought this house in 2002, ownership is registered with the Land Registry and from that point of view the 'physical' deeds aren't really necessary.
We received them at 'completion' of the purchase at no additional cost.

[rosiew]

Thanks to all that replied. Much appreciated.

[Tilly2]

Congratulations on becoming mortgage free, Rosie. It's a good feeling.

[Peter Pedant]

you must have a drink
and then run around the house
screaming 'mine ! all mine!'

[jno]

PP, so that's in case rosiew wants to go fracking?

[atalanta]

Some building societies used to offer you the chance of leaving the deeds in their safe-keeping, so long as you still owed some tiny sum ( once a shilling, probably now one pound) outstanding on the mortgage . Don't know if any Building societies do this any more.

[rosiew]

Morning all.
Not mortgage free yet because the bloody Halifax Building Society won't let me pay it all in one lump. I can only pay a maximum payment of £30.000 in one day, even though its a Halifax account that I am paying it off with. I have to phone back today to pay the rest(wait for it). I will have to pay more than yesterday because of the daily interest. What a way to make fast money. I have made a complaint and if Im not happy I will terminate my accounts with them and go somewhere else to put savings into. What should have been a happy day yesterday I was fuming all day.. Thanks Answerbankers for all the advice.xxx

[ToraToraTora]

deeds are irrelevant.

[dannyk13]

Are they also charging a fee for early settlement?