Since we finished paying our mortgage our house deeds are currently held by the building society. We pay nearly £30-00 per year for them to look after the deeds. Would any of you keep them at home, but what happens if they get lost? Thanks for your help.
2006-10-01 22:58:56 · 14 answers · asked by mistymiss 6 in Business & Finance ➔ Renting & Real Estate
If I were you, I would deposit the deeds with your solicitor, who should also have your Last Will and Testament... or alternatively open a deposit box at your bank and leave them in there, but do not forget to imform your solicitor where they are in the event of your death!
If they got lost it would be a pain in the **** to get them drawn up again, not impossible but a real pain!
2006-10-01 23:09:55 · answer #1 · answered by Gary H 3 · 0⤊ 1⤋
Where To Store House Deeds
2016-10-30 08:07:24 · answer #2 · answered by debbie 4 · 0⤊ 0⤋
Leave them with a solicitor or bank.
We keep ours with the solicitor, but as they do other work for us they don't charge.
If you loose them, I think it can still be proved that you own it becausse of land registry.
Its only if there is a break in the deeds ( maybe in 1874 there was a year where the owner wasn't recorded ) that it becomes a problem because in theory someone could come forward and claim there own it from the mising 1874 year.
Now you've finished paying off the mortgage don't forget to go and buy a yacht in Monte Carlo.
2006-10-01 23:16:11 · answer #3 · answered by Michael H 7 · 0⤊ 0⤋
If you have paid up your mortgage then you can ditch the building society as they are only after your money.
make a will if you have not done so and the solicitor will keep your deeds safely usually for free.
Never keep at home as they could be stolen or damaged in some way. Should you both die together in a crash or of some disease then who will know where your deeds are?
2006-10-01 23:05:20 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I keep my house deeds in a lock box with the bank and a copy at home in my safe, also a copy with my solicitor, just in case the worst was to happen, you can never be too careful!
I also finished paying off my mortgage, and its wonderful to not have to worry about it anymore! Try not to worry, just make a copy and keep it safe, with your solicitor or in a safe at home...otherwise enjoy girlfriend! Not many people are in our position...
2006-10-01 23:15:52 · answer #5 · answered by celtic_colieen 4 · 0⤊ 0⤋
A deed of sale is the document in most states used to convey the property from one owner to another. A deed of sale (or grant deed, bargain deed, etc.) is required to get title insurance on your purchase. If you want to get financing, a deed of trust is used to secure the Note or Mortgage with the property, conveyed to you by the Deed of Sale from the seller, provided you obtain title insurance, in most instances. Anyway, now that you're confused, the answer is YES, you need a deed of sale to prove you bought the property from the seller.
2016-03-17 03:49:16 · answer #6 · answered by Anonymous · 0⤊ 0⤋
If you have a family Solicitor - give the deeds of your house to the Solicitor to be kept alongside your will - they will keep them on your behalf - there may be a fee for such storage - but probably not as much as fee charged by B.S.
2006-10-01 23:20:06 · answer #7 · answered by Anonymous · 0⤊ 0⤋
You would not want to keep them at home in case of a fire or burglary. It is best to pay someone like the bank to keep them or alternatively some solicitors will store them in the same vaults they store peoples wills or you can get a safety deposit box at a bank to keep them.
2006-10-01 23:07:21 · answer #8 · answered by Tuppence 4 · 0⤊ 0⤋
I keep mine at home - make sure you copy them! But, new rules say you do not need to produce deeds just register number for buyers to check. You can order copy from land registry if they get lost. Also check with soilicitor as if they have written your will they sometimes keep them freeof charge
2006-10-01 23:04:37 · answer #9 · answered by Anonymous · 0⤊ 0⤋
In the US, they are always recorded at the county recorders office, so you can always get a certified copy. I keep mine in a safe deposit box at the bank with my other important papers. My bank lets me have a free safe deposit box with my old fart account.
If kept at home, it should be kept in a fireproof safe. But consider the risks. If the house burns down, the key might melt.
2006-10-02 02:00:43 · answer #10 · answered by Anonymous · 0⤊ 0⤋