Mortgage Rate Rises

mattyfez said:
I guess if your mortgage lender (who tecnically owns the property until it's paid off) ....
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Yeah I see this a lot on forms. Like: "do you own your own home". They would be better to ask more specifically whether you in fact rent or have a mortgage or fully own with no outstanding debt. Most forms for things like car insurance tend to ask in this way.

mattyfez said:
...doesn't supply you with that info once the mortgage is settled... I mean they will have to transfer the deeds of ownership from MortageLender.com to @jaybee ? so the actual work will already be done.

It does seem remiss to destroy copies of deeds, although, any paper deeds are just 'copies' of what's held at the land registry, rather than authoratitive documents... you'd think at least they would mail you any physical copies, or PDF them and email them, to you...hardly a big job.
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But what is the crux of the problem here? What is the difference between receiving any docs or not? Is @HangTime saying he does not have some documents and only the lender has/had some of them? Which ones would they be?
 
jaybee said:
Yeah I see this a lot on forms. Like: "do you own your own home". They would be better to ask more specifically whether you in fact rent or have a mortgage or fully own with no outstanding debt. Most forms for things like car insurance tend to ask in this way.
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I think if you have a mortgage, you can call yourself a 'home owner' for all intents and purposes...like applying for car insurance and stuff like that...

I'm not sure about the other points though, I just don't know.

I guess he's saying he shouldn't have to pay a fee to the land registry to get his own copies of the deeds, especially as the mortgage lender will have copies of this, once the deeds are transfered from the mortgage lender to you, once the mortgage is settled... or if you switch mortgage to a new lender mid term or whatever, do the deeds go from being owned by Halifax, to Nationwide or whatever... I'm not sure how it works.
 
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mattyfez said:
I think if you have a mortgage, you can call yourself a 'home owner' for all intents and purposes...like applying for car insurance and stuff like that...

I'm not sure about the other points though, I just don't know.

I guess he's saying he shouldn't have to pay a fee to the land registry to get his own copies of the deeds, especially as the mortgage lender will have copies of this, once the deeds are transfered from the mortgage lender to you, once the mortgage is settled... or if you switch mortgage to a new lender mid term or whatever, do the deeds go from being owned by Halifax, to Nationwide or whatever... I'm not sure how it works.
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The deed is the deed. That’s kept at land registry.

Not long ago, you get issued paper copies everytime you buy a property or take out a mortgage or remortgage. That doesn’t happen any more. It’s all just an email/pdf letter.

any changes (ownership, mortgage etc) are called charges. They appear as a running account of property ownership with dates and money sum involved etc.

Destroying copies make absolute no difference to the record kept at land registry.

If people want a copy of it, you can buy from online for £12 I think.
 
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mattyfez said:
In my case there's a dry stone wall on 2 sides of the garden, and those are not cheap to repair/rebuild...for example if it fell down or whatever it would cost a bomb to fix it 'properly'.
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There is no reason for a dry stone dyke to fall down unless it's get physically hit or water is constantly washing against it (like cars driving through puddles and it washing up agains the wall)

Dry stoke dykes are pretty bomb proof unless the above happens.
 
mattyfez said:
I didn't get that info either, thinking about it... kind of annoying, is there a precident for figuring that stuff out, if such info is not available? In my case there's a dry stone wall on 2 sides of the garden, and those are not cheap to repair/rebuild.
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They didn't get hot luke warm on declaring who owns which boundary until like 1990 AFAIK, so no chance on your property. It'll just be down to pedigree/neighbourliness.

Although a dry stone wall in a 1900 stone house should be the least of your issues lol.
 
If people want a copy of it, you can buy from online for £12 I think.
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I think the point is, the mortgage company will already have it, and given the fees they charge, would it really hurt them to email you a PDF of the same on closure/transfer of the mortgage, a file that they already have...

There is no reason for a dry stone dyke to fall down unless it's get physically hit or water is constantly washing against it (like cars driving through puddles and it washing up agains the wall)
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I agree but it's besides the point... stuff does break/falldown/random car crashed into it etc. Then What...who's wall/responsibility is it? It's a pertinant question.

They didn't get hot luke warm on declaring who owns which boundary until like 1990 AFAIK, so no chance on your property. It'll just be down to pedigree/neighbourliness.#
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I kind of assume as much too. I just don't like things being down to balance of probability/precident/who shouts the loudest when something like this can easily be documented accurately, or at least more accurately than it currently is.

a dry stone wall in a 1900 stone house should be the least of your issues lol.
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It's not part of the house building, it's two 'free-standing' sides of the garden wall/boundary.
 
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mattyfez said:
I kind of assume as much too. I just don't like things being down to balance of probability/precident/who shouts the loudest when something like this can easily be documented accurately, or at least more accurately th
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Sounds like buying a such a house isn't for you if a dry stone wall is enough to make you get anxious. It was built in 1900 lad. lol
 
dlockers said:
Sounds like buying a such a house isn't for you if a dry stone wall is enough to make you get anxious. It was built in 1900 lad. lol
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I think you are missing the point, my house is actually very sound, good insulation, good roof, etc, looked after over the years, modern roof/ windows etc, etc...

The point is the garden wall, or fence, or whatever is the current boundry, but is it my responsibility? the neighbours responsibility? 50/50% with the neighbour?

Personally I don't envisage any issues, it's more a thought experiment if things were to come to the crunch and a neighbour dispute arose from that.

Say for example the garden wall fell over for whatever reason. It's probably half a meter wide and 20 meters long.

Say I approach the neighbour and they say it's my wall and my problem.. so I have the wall rebuilt at my expense and enlarge my garden 20m x 50cm so I can make a new flower bed, to the detriment of the size of the neighbours plot.

Personally I'd happly split costs 50/50 to have the wall put back as is, following where the wall currently is, but the boundary is currently 50cm wide assuming the wall is the boundary. If I put up a fence instead, I could put it in to gain myself a bit of land and take it away from next door... and it would be my word against thiers.
 
mattyfez said:
The point is the garden wall, or fence, or whatever is the current boundry, but is it my responsibility? the neighbours responsibility? 50/50% with the neighbour?
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I believe it depends which side of the property it's on.
Often there are rules like you are responsible for fences on right side, or that's what my neighbours keep telling me ;)
 
Nutty667 said:
I believe it depends which side of the property it's on.
Often there are rules like you are responsible for fences on right side, or that's what my neighbours keep telling me ;)
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Those rules are 90% hearsay and tradition, unless there are T on the deeds/land registry or a clear clause about boundary maintenance then it is always going to come down to negotiation, conversation and probably history! It is almost certainly not worth taking legal advice over as the cost of any dispute will likely out weigh the cost of just fixing the wall/fence much better to get on with your neighbours and come to a sensible agreement!

One thing to always remember is there is almost certainly no requirement for you to reinstate a fence or wall should it collapse so you could just ignore it no matter how much the neighbours complain!
 
mattyfez said:
I think if you have a mortgage, you can call yourself a 'home owner' for all intents and purposes...like applying for car insurance and stuff like that...

I'm not sure about the other points though, I just don't know.

I guess he's saying he shouldn't have to pay a fee to the land registry to get his own copies of the deeds, especially as the mortgage lender will have copies of this, once the deeds are transfered from the mortgage lender to you, once the mortgage is settled... or if you switch mortgage to a new lender mid term or whatever, do the deeds go from being owned by Halifax, to Nationwide or whatever... I'm not sure how it works.
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Why would anyone even want a paper copy it’s just meaningless junk to clutter up your house! The only info that matters these days is that which is held on the land registry! I have a huge folder of information going back over 100 years for my house including all transfers of owner ship mortgage details the original leasehold and the buying of the freehold by the previous owner and as far as the law is concerned I can burn the lot!
 
a1ex2001 said:
Those rules are 90% hearsay and tradition, unless there are T on the deeds/land registry or a clear clause about boundary maintenance then it is always going to come down to negotiation, conversation and probably history! It is almost certainly not worth taking legal advice over as the cost of any dispute will likely out weigh the cost of just fixing the wall/fence much better to get on with your neighbours and come to a sensible agreement!

One thing to always remember is there is almost certainly no requirement for you to reinstate a fence or wall should it collapse so you could just ignore it no matter how much the neighbours complain!
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Exactly this. When we got our semi detached house, people were trying to tell us this but I had to point out that someone has to be responsible for all 3 corners of fence at some point otherwise there would be an unowned fence down the line.
 
The deeds/missives/whatever it is on my own home clearly state that all fences/walls etc are shared by the properties that adjoin said fences/walls and so have shared ownership and shared costs/responsibility.

Its the same on all the neighbours deeds as well which helps solve any of these issues.
 
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HungryHippos said:
No they own part of it, you own part of it, based on equity and mortgage balance etc.
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I think technically thats not true. You own it, the mortgage company has a charge over the property should you fail to meet your liability. Its a secured debt, doesn't mean that the bank part owns the house with you.
 
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a1ex2001 said:
Those rules are 90% hearsay and tradition, unless there are T on the deeds/land registry or a clear clause about boundary maintenance then it is always going to come down to negotiation, conversation and probably history! It is almost certainly not worth taking legal advice over as the cost of any dispute will likely out weigh the cost of just fixing the wall/fence much better to get on with your neighbours and come to a sensible agreement!

One thing to always remember is there is almost certainly no requirement for you to reinstate a fence or wall should it collapse so you could just ignore it no matter how much the neighbours complain!
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Yeah you need to look at the deeds. It's only thing that matters end of the day

We have responsibility for 2 of the 3 fences.
 
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jaybee said:
But what is the crux of the problem here? What is the difference between receiving any docs or not? Is @HangTime saying he does not have some documents and only the lender has/had some of them? Which ones would they be?
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I don't remember ever receiving any. The ones I paid for from the land registry seemed really basic and didn't show the boundary responsibilities. I don't know if the ones the lender had included what I needed or not as they were destroyed. In the end, I was able to get the info I needed from conveyance plans supplied by the house builder, I was moderately impressed that they still had it on file several years after the last property on the development was sold.
 
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