House Deeds - Keep with solicitor?

I see sheep · 31-12-2019 01:21PM #1

Hi, was wondering does anyone know if when you get the deeds of the house back from the bank after the mortgage has been repayed, you have to/should keep them with a solicitor or can just keep them yourself? Thanks

hullaballoo · 31-12-2019 02:08PM

Most people leave them with a solicitor but you can keep them yourself or even secure them in a bank or other vault depending on what kind of value they have. Some people are better at keeping things safe than others and that does for Joe Soaps, solicitors and bankers.

Aint Eazy Being Cheezy · 31-12-2019 02:10PM

I’d let the solicitor hang onto them. Or bank vault. Place got burgled before and the deeds were taken. No idea why, useless to a burglar, but the legal fees weren’t cheap to get them reissued.

Dolbhad · 01-01-2020 07:51PM

I’d leave them with solicitor even if there was a fee attached - would be cheaper than having to recreate legal title if you lost/damaged the deeds. If you leave them with your solicitor you should let next of kin know so when you do pass away, they know where the deeds are.

randomrb · 02-01-2020 11:31AM

Most solicitors don't charge to hold the deeds of a property particularly if they are used to clear the mortgage/ buy the property etc. A bit like wills it means you are more likely to stick with them.

It is the safest option as you are then covered by their insurance and don't need to think about it.

I also think I read that a lot of banks don't store deeds anymore unless they are as security for a mortgage, even if they do there is a fee

House Deeds - Keep with solicitor?

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