House Deeds

[eky]

After many years I have just finished paying Morgage What is best thing to do with Deeds

[andy hughes]

Ask your Building Society if they will continue to store them for you - they may do this free of charge, or charge a small fee. Otherwise your bank will store them, under similar arrangements.

[trilobite]

Many lenders will store the Deeds for free if you leave a nominal amount of your mortgage, (50p or �1), unpaid.

[Oneeyedvic]

You can keep them at your own house if you want. Even if you lose them its no big deal. WE had our deeds after we paid off the mortgage. My wife lsot them in a spring clean. There was a mass panic when we came to move house and the solicitor asked for the deeds. The solicitor said it would be difficult to get and a lot of hassle. In reality it was dead easy. We went to the Land registry department in Leicester (which covered Northampton) and they got us to go through some application forms. This was on a Thursday. On saturday the new deeds arrived. Amazingly helpful. Solicitors will also let you keep the deeds free if you use them for your will etc.

[eky]

Thank you everyone for all your help Our Building Society have said they do not hold Deeds So have made enquiries with Bank who have told me that for an annual fee of �21 + Vat that they will hold onto them......What do you think????

[Oneeyedvic]

Seems an excessive amount. Deeds are only a sheet of 4 - 6 papers. Go to a local solicitor who, if you give him your will to store will hold them free usually. Or simply keep them at home. Even if they are stolen, as previously explained, it is no biggie. Or if you want - for �10 per year I will kepp them for you ;-)