Learn to be a Financial Hunter - Not the Hunted
|
|
|
|
|
|
|
You Are Here: Home > Personal Finance > Mortgages > FAQs > Question & answer
Last update : November 2011
Property Title Deeds

They're now electronic - No need to pay £50

'Title Deeds' are the papers that prove ownership of a property and your mortgage lender will normally hold them as security against their loan.

Previously when wanting to buy or sell a property the Title Deeds would be transferred between lenders and solicitors. But now the Government office that oversees all this paperwork, The Land Registry, has gone fully online.

Now under new rules in order to establish ownership of a property your solicitor will check the Land Registry database, it's as simple as that.

You can still get a hard copy of the paper deeds

For whatever reason some property owners may want to keep the paper copy of their deeds. If so the they'll cost £50 payable to your lender. Of course the lender will only release the deeds once the mortgage has been paid off.
Looking for something? Then search this site:

© 2012 LearnMoney.co.uk All rights reserved

The information on the LearnMoney.co.uk website has been compiled from sources believed to be reliable, but is not warranted to be accurate or complete.
All recommendations and comments are provided for general interest only and should not be construed as advice.
Professional advice should always be sought before buying or investing in any financial product.
The price of securities and any income from them can go down as well as up.
Past performance of a security or market is not necessarily indicative of future trends.
Any opinions and recommendations on LearnMoney.co.uk are given in good faith, but without legal responsibility and are subject to change without notice.