AnnO'Neemus
Is so vanilla
Yeah, I was thinking that charging an extra £500 to do that seems excessive.
Buying a home and don't know how anything works
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AnnO'Neemus
Is so vanilla
cybershot hash tag
See link about unregistered property, there's also one about how to register an unregistered property.
www.gov.uk
More complicated if the title deeds are missing, but not an insurmountable problem.
www.gov.uk
See link about unregistered property, there's also one about how to register an unregistered property.
Registering land or property with HM Land Registry
Registering land or property in England - first time registration, transfer of ownership, changing your details on the register, where to register in Scotland or Northern Ireland
More complicated if the title deeds are missing, but not an insurmountable problem.
First registration of title if deeds are lost or destroyed (PG2)
Applying for first registration of land where the title deeds have been lost or destroyed (practice guide 2).
Epona
Radar 2006-2020, Sonic 2006-2022, Jakey 2007-2024
I don't think the Land Registry has the funds to employ people to scan them all in/do data entry
A lot is going to exist in paper only records for a long time on this sort of thing.
AnnO'Neemus
Is so vanilla
I think the deeds used to be kept by the lender until the debt had been paid off.
Puddy_Tat
happy mew year
yes - not sure how much that still happens. i took out mortgage on this place in 2004 and the lenders wanted them then.
Epona
Radar 2006-2020, Sonic 2006-2022, Jakey 2007-2024
Aye, mine are with the mortgage lender. When it is paid off they are going to charge me an admin fee to release them to me, because they won't have had quite enough fucking money off me over the previous 25 years!
AnnO'Neemus
Is so vanilla
It's such a shame that some beautiful old title deeds are being destroyed because they're redundant now everything's going digital.
Puddy_Tat
happy mew year
or alternatively, you could pay them an admin fee each year to keep them safely for you...
WouldBe
Dislicksick
I've got most of my deeds as the mortgage provider didn't want to store all of them themselves.
hash tag
Books, not bombs
Keep the mortgage open with a nominal sum of say £100 at let the lender keep the deeds safe for you. They are not really something that should be retained at home
unless they can be kept somewhere very safe, secure and fireproof.
equationgirl
Respect my existence or expect my resistance
I bought a flat in 2000 which was around the time of digitisation. When I remortgaged in 2016, the mortgage lender could not locate any electronic records of it, so made an electronic set then.
5t3IIa
Registered User
I hesitate to say this as it’s so predictable and I hate being boring but…this week our solicitor casually mentioned they hadn’t had our mortgage offer. Then they double checked and still nothing. The mortgage offer that was approved and sent to us on 11/02/2022. Along with notes from both the broker and the lender saying “Congratulations! You don’t have to do anything”. Now after several emails, voicemails and messages to the broker and 0 reply I suppose I’m going to try to contact the lender? I mean, I imagine I’ve missed something but I did read everything twice and surely if I had/hadn’t done something I’d’ve been told lol.
hash tag
Books, not bombs
Back in my day, the formal offer of a had to be accepted, in writing before it was sent out to the solicitor. You could send the solicitor a copy of your offer, but, they will need papers from the lender as there will be legal documents in there for signing and completion.
hash tag
Books, not bombs
For fear of stating the bleeding obvious, the asbestos might be of the greatest concern or might be nothing. If it is an issue, I'm guessing the property might have to be vacated while a specialist company remove it. If you are getting a mortgage, the lender might need specialist reports on some of those things, including chimney, before issuing a formal offer of advance.
AnnO'Neemus
Is so vanilla
I figure this might be more and more of a problem in future, as digital storage methods become obsolete, IT systems are scrapped/upgraded/replaced, more and more deeds in digital form might get lost and/or subject to IT-type fraud.
equationgirl
Respect my existence or expect my resistance
It's already a problem (it's one of the areas I work in, records digitisation). Many companies especially insurance companies have in the past digitised records by converting them to microfilm and microfiche. Great, except the original paper records were often destroyed to save storage space. But film/fiche records can degrade if not stored properly so records are completely lost.
There were then a bug push to make film/fiche records in electronic PDF versions, because the readers were obsolete. But now, when the film/fiche records are examined, a page is found to be missed or the copies are low quality, incomplete etc, so without the original paper records it's impossible to know how much of a document is missing.
Plus, it's harder and harder to persuade businesses that digitising old paper records, the back copies, because it's seen as a waste of money, even though it's important to do. The back records uploading takes time and effort. New records are simply saved in the correct format as they're created.
Elpenor
a clown’s heart and a mandolin
I should be adding to this thread soon.
Spoken to a couple of lenders (Nationwide & FD) this afternoon - as soon as I have my contract of employment from work - within a few weeks - I can apply for a decision in principle
Ideally I can stretch to a 2 or 3 bed house, a garden to enjoy, driveway parking is an essential. I’d rather have more downstairs space than upstairs. We will see though. Whatever I buy will have to be turnkey, my ineptitude at DIY is only matched by my laziness to do it
My thinking is that I will want the longest fix rate - at least a 5, maybe even a 10 based on the following factors:
a) my pay going up is subject to the whim of the government of the day
b) cost of living likely to become even more of a concern than it is already
c) jobs aren’t exactly well paid down here, and my choice of work is always undervalued
d) interest rates are only likely to rise
e) I’m unlikely to move and even if I did the mortgage would be portable
Boring but I think the time of cheap debt is over.
Spoken to a couple of lenders (Nationwide & FD) this afternoon - as soon as I have my contract of employment from work - within a few weeks - I can apply for a decision in principle
Ideally I can stretch to a 2 or 3 bed house, a garden to enjoy, driveway parking is an essential. I’d rather have more downstairs space than upstairs. We will see though. Whatever I buy will have to be turnkey, my ineptitude at DIY is only matched by my laziness to do it
My thinking is that I will want the longest fix rate - at least a 5, maybe even a 10 based on the following factors:
a) my pay going up is subject to the whim of the government of the day
b) cost of living likely to become even more of a concern than it is already
c) jobs aren’t exactly well paid down here, and my choice of work is always undervalued
d) interest rates are only likely to rise
e) I’m unlikely to move and even if I did the mortgage would be portable
Boring but I think the time of cheap debt is over.
bellaozzydog
rolling turds in glitter
Are you waiting for someone (freeholder) to provide an EWS1 certificate?
Artaxerxes
Look out, he's got a gnu!
Found a nice little place, will probably make an offer tomorrow.
Only issue I can see is its got gas cooker and boiler and I didn't spot kitchen extractor, extractor looks easy enough to sort.
Given everything I'm curious how hard/expensive it'd be to go all electric?
Only issue I can see is its got gas cooker and boiler and I didn't spot kitchen extractor, extractor looks easy enough to sort.
Given everything I'm curious how hard/expensive it'd be to go all electric?
WouldBe
Dislicksick
Few hundred for the cooker + another hundred to put a cooker circuit in. Several thousand for electric heating.
A second mortgage to pay the electric bills.
Artaxerxes
Look out, he's got a gnu!
Few hundred for the cooker + another hundred to put a cooker circuit in. Several thousand for electric heating.
A second mortgage to pay the electric bills.
Yeah the electric is worrying me a lot given whats going on.
steveseagull
Well-Known Member
I reckon I am about 75% though now. Seller has now fixed a date for completion though my solicitors are saying that maybe will not happen due to some hold ups at the Sellers' solicitors end. To be fair, the estate agent has been awesome and has been kicking them up the backside every other day.
bellaozzydog
rolling turds in glitter
Just got quoted 2500 quid to replace my guttering…
There’s not even that much of it
I’ve googled and youtubed I’m ready for the challenge and will spend the rest on rattler and kebabs
May Zeus’s ballsack rest for eternity on the foreheads of all Cornish tradesmen
There’s not even that much of it
I’ve googled and youtubed I’m ready for the challenge and will spend the rest on rattler and kebabs
May Zeus’s ballsack rest for eternity on the foreheads of all Cornish tradesmen
marty21
One on one? You're crazy.
We recently paid off our mortgage and were sent the deeds by the mortgage lender .
hash tag
Books, not bombs
I guess that means you are now having to pay someone to store them safely and securely?
Say what?
Epona
Radar 2006-2020, Sonic 2006-2022, Jakey 2007-2024
Interestingly (given that it was so soon after we were discussing it on this thread), last week I was sent a package through the post - it was from my mortgage company and it was all the deeds and documentation for this place, with a letter saying "this information is all held electronically by the Land Registry, we don't need to keep these and you don't need to provide these to future buyers".
So I'm certainly not paying anyone to keep them safe, they're on the bookcase with other important documents.
So I'm certainly not paying anyone to keep them safe, they're on the bookcase with other important documents.
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