| Archive for Downsizer For an ethical approach to consumption |
| bernie-woman |
Property deeds storageWhere do any of you that have your deeds store them?I have been advised against storing them with a solicitor as we have seen some problems at CAB where clients have put their deeds into storage with a solicitor and they have then moved business address and/or gone out of business and have had a devil of a game getting their property deeds back. Barclays have just rung to tell me they will store them for £1.50 a month and as far as I am aware not many of the other banks will store them if you are not a customer 
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| MarkS |
strictly you dont need to store them. Now that land regtry is all on computer then proof of ownershp is on that. check what land registry have and compare that to the deeds in case any rights are not recorded.
Ours are sat on the end of the table wating for me to get round to sending off the stuff about no longer having a mortgage. Only been there a few years. |
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| bernie-woman |
Didn't know that MarkS - thanks - I will investigate that - ours have been in the desk for 2 years  and have this fear (probably instilled by my grandmother) that the house will burn down with the deeds in it  
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| Treacodactyl |
You could pick up a document fire safe for a few quid, ideal for various documents. I've kept a very small amount in my mortgage so the lender still holds the docs. | ||||
| Barefoot Andrew |
Mine are with the solicitors (that handled my last house move) in Harlow, and they're holding them indefinitely for free.
A. |
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| dougal |
Not unusual. The Deeds bundle should contain lots of detail of agreements (covenants, easements, etc) that would just be mentioned in the Registration as existing. The Registration is factual ownership, but the document bundle is likely NOT (entirely) surplus... |
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| Barefoot Andrew |
I can barely contain myself from breaking into a spot of Tom Jones
A. |
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| dougal |
I never said "Its..." (which anyway would be the cue for a bit of Sousa... ) |
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| bernie-woman |
I have still got a mortgage but our lender will not keep them as we own more than half of the house - is that not standard
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| bernie-woman |
Is the issue of them ceasing business or moving a real issue or just one that a couple of clients from CAB have had to deal with by using dodgy solicitors in the first place
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| Treacodactyl |
I've not heard of that before and my lender seems happy even though I owe less than 1% of our houses worth. |
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| Behemoth |
Standard practice for the Halifax used to be to leave £1 on your mortgage and they retained the deeds for you. Not sure if they still do. | ||||
| gil |
Don't think so. As long as there is still mortgage outstanding, the lender keeps the deeds (for free). Mine does (building soc). |
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| RichardW |
This is very timely. I have been chasing my deeds today for some land. What I found out was that all deeds on all sales after 2002 or was it 2003 are no longer kept by the mortgage company but by the uk land registry (they are avaliable here http://www.landregisteronline.gov.uk/lro/servlet/TitleSearchServlet?searchType=advanced ) you can request a copy for a small fee. It even shows if a security is in place & some times the amount paid.
Justme |
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| bernie-woman |
Very confused now - our lender (used to be Norwich & Peterborough wouldn't keep them and when we re-mortgaged last year Woolwich, now Barclays) wouldn't have them either - as I said barclays are happy to keep them for a small monthly fee
Think I may as well put them with them for the time being until I can identify for sure that the land registry have got them Thanks for all the replies though 
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| Rowanlady |
We have the Barclays' thing
It's not just the Deeds we store with them for that fee In the envelope we have our wills and those certificates that are important - all for the same fee |
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| dougal |
There is a major misunderstanding here. Nowadays, registration *is* ownership. You used to *need* to be able to show that you got it from someone who was (similarly) able to show that he 'really' owned it - enough technicality, you had to keep the contract documents from previous transfers. Land transfers have to be by a special type of contract called a "Deed." Hence the owners document bundle being called "The Deeds". The register can indeed be searched and copies ("extracts") obtained. ***BUT*** The register records *that* agreements (mortgages, covenants, etc) exist. The register does not contain the contractual detail of those agreements. For example, they don't have the details of the mortgage agreement, or of the agreement for access over a neighbour's land, or whatever. And the Land Registry do not keep the original contract documents. They are in the document bundle still called "The Deeds". So, that bundle can still be important. (Especially if, for example, your drains pass under your neighbour's land.) Registration (for land that is registered, not all is) means ownership. But that isn't always the whole story. Hence the need to preserve those documents. |
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| derbyshiredowser |
When I worked for BT part of my job was procuring Wayleaves for our plant and Iwas always suprised the amount of land that was unregistered. I was under the impression that land was only electronically recorded if and when the land or property changed hands.However you have the option to register online for a small fee but as previously stated this does not show wayleaves or rights of access. This led to all sorts of grief and caused many of the long standing derbyshire neighbourly disputes to raise their ugly heads. | ||||
| RichardW |
Thanks for that info Dougal I did wonder about all the other "stuff" thats normaly in the bundle.
Justme |
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| dougal |
However I didn't appreciate that the Registry *did* publish (online) scans of some of these documents... ... let alone that some folks could find ways of using such downloads for nefarious purposes...
http://news.bbc.co.uk/1/hi/uk_politics/7079494.stm |