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Mortgage Article

Don't Pay £50 For Your Property's Title Deeds - It's A Waste of Money

This is one of those little tricks that can stop you wasting £50.

The Land registry has now gone fully online therefore the piece of paper referred to as 'Title Deeds' which proved ownership of a property is redundant Under the new rules your solicitor will check the Land Registry database to establish ownership of a property, it's as simple as that.

However, for nostalgic reasons some property owners may want to keep the paper copy of their deeds, and if this is the case the cost is still going to be £50, these will be obtained from your mortgage lender. Of course the lender will only release the deeds once the mortgage has been paid off.

Summary

Saving £50 is not going to set your world on fire but it's a saving nevertheless.

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