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Last update : September 2010
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Property Title Deeds
They're now electronic - No need to pay £50
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'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.
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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.
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