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Mortgage deeds?

6 replies

runningtulip · 29/04/2021 20:23

Bought my first house as an FTB, and completed in December (house bought with mortgage, not outright), I was expecting that the mortgage company would automatically get the house deeds, but our solicitors have just sent them to me today! I thought (and DPs also think) that the mortgage company usually keeps hold of these until the mortgage is paid off. Curious to hear what other people's experiences have been - Is this correct? Or have things changed? The solicitors made multiple mistakes during the purchase, so I wouldn't put it past them to have sent the deeds to the wrong place!

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runningtulip · 29/04/2021 20:26

P.s. Title should say Mortgage and Deeds! Sorry for any confusion

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cakefanatic · 29/04/2021 20:30

The registrations with the land registry are electronic now, so the bank don’t need the deeds like they used to. We had the deeds to our old house, we don’t have the deeds to this one because they were lost, looks like they haven’t been seen since before the 1950s so I assume they were in a bank that got bombed in the blitz.

Blueskythinking123 · 29/04/2021 21:03

Our first house the bank kept them. But this house they were sent to me. It's quite nice looking through all the old plans etc

Blueskythinking123 · 29/04/2021 21:03

I also have a mortgage

nellly · 29/04/2021 21:08

Hello I work in conveyancing and as mentioned by pp the bank doesn't need them any more so they are usually sent to homeowner. The land is registered at Land Registry and so is the mortgage as a charge on the register so their interest is safeguarded that way

runningtulip · 29/04/2021 21:21

Ah fantastic, thanks everyone!

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