House Deeds. Where do you keep them?

[Quint]

I bought a house this year, moved in 3 months ago. Last week the solicitors emailed me say my house deeds were ready for collection.

I assume they need keeping in a safe place, perhaps a fireproof safe or am I best paying a company to hold them for me?






(where’s the Home & DIY forum)

 

[TheDean]

When we bought our house, the solicitor allowed us to keep the deeds with them in their secure vault until we sell. I think this is fairly common.

 

[div0]

Mine are still sitting in a drawer (I hope). I'm pretty sure our solicitors are retaining a secured copy though.

 

[knip]

Mortgage company usually have a copy as they ultimately own your house at the moment.

I've also got my own copy in the "important" drawer at home.

 

[Beans on toast Dave]

I thought the mortgage company kept them untill It was paid off

 

[Ahleckz]

Under the coffee table.

 

[A.N.Other]

In the 'house' folder in the filing cabinet.

 

[robgmun]

I thought the mortgage company kept them untill It was paid off

That's right, my dad got his when he finished paying the mortgage, i can only assume he bought the house outright. Which is nice being able to do that

 

[Cosimo]

Stored under lock and key in bank.

 

[rainbow6six]

Got mine stored at another family members home and copies with the lawyers.

 

[PapaLazaru]

Hamster bedding.

 

[marl]

Mine are in a big envelope in the bottom of a cupboard. Been thinking about this lately and am going to put them in bank for safekeeping. I remember a solicitor telling me that if they ever got lost it would be a very expensive nightmare getting things sorted...

 

[subbytna]

If you're allowed, keep you final mortgage payments low so you pay £10 a month to pay off the last £500 so the bank keeps the deeds in thier vault

 

[MeEsH BaKkA]

Mine are with the solicitors and I keep a copy at home locked away.

 

[iamtheoneneo]

just in a kitchen cupboard with all the other crap. will probably end up throwing them out accidently at some point.

 

[BDEE]

It matters not. Lenders do not keep them anymore as the deeds are now all electronic.

Paper ones are just nice to have as a bit of history of the house really. New houses no longer get issued with paper ones.

 

[HangTime]

I believe when the mortgage on my dad's house was 'nearly paid off' he had some sort of arrangement whereby he still owes a nominal sum and the bank retains the house deeds.

 

[Jono]

I pay about 30 quid a year to my solicitor to keep hold of them.

 

[decmatt]

Are they that important anymore? I thought you could buy a replacement for about £50.

 

[Meridian]

Are they that important anymore? I thought you could buy a replacement for about £50.

This. While it's great to have a set if you own outright, the are not a legal necessity, as the records of paying the mortgage etc are in loads of other places. Even if they are lost due to fire, burglary etc, it's not that important as the house is still recorded as belonging to you, and as stated, you can get another copy.