i have broken the chains and now i'm free!

2 years ago C&G sent me my deeds and said just to keep them for my own records as now all deeds are kept on file on computer? i didnt think deeds was as important as they used to be?

Firstly well done mate, secondly I would book a holiday to somewhere exotic, like hawaii, etc and , thirdly dont get another mortgage , just enjoy your extra cash oh and buy another bike, ducati 1098 perhaps

Get me a house Daz, its £250,000 for a terraced place in Oxford! Help!

Originally Posted by timwilky

There is always the problem of whether to make that final payment. You then have to sort out safe storage of your deeds. Mine are currently in my fireproof safe at work. Not ideal, really should be deposited with either my bank or solicitor.

I paid off the rest of my mortgage this morning, except for one grand which is staying in there, interest only. Since it's an offset mortgage, my bank balance will offset that money anyway. I'm trying to sell the flat to buy a house, but was wondering if I could get a 'let to buy' mortgage in order to rent out the flat and buy a house. Trouble is, I don't think that letting it will bring in enough to pay the mortgage.

[tigersaw]

Originally Posted by timwilky

There is always the problem of whether to make that final payment. You then have to sort out safe storage of your deeds. Mine are currently in my fireproof safe at work. Not ideal, really should be deposited with either my bank or solicitor.

I just bought a house outright 3 months ago - there are no longer any deeds, just a copy of the entry in the land registry, and you can lose that if you want.
When I gathered together all the paperwork and deeds on the old house, the solicitor said not to panic, they don't nescessarily need then anymore.

Originally Posted by kwak zzr

now the interest rates are rising and the property prices are stabilizing it costs more now than ever to buy your own place. my niece just moved into a 2 bed town house and has just taken on a £120,000 mortgage! i just dont know how the young'uns cope these days.

with great difficulty....

5 interst rises in 6 months fuel double what it was, car isnurance a joke,

and they wonder why so many ppl fall into large debt...

Im lucky i bought my house fpr a very good price and hopefully earning a substantial proffit too..

[fizzwheel]

If it were me I'd be basking in the glow of a large amount of disposable income

Originally Posted by tigersaw

I just bought a house outright 3 months ago - there are no longer any deeds, just a copy of the entry in the land registry, and you can lose that if you want.
When I gathered together all the paperwork and deeds on the old house, the solicitor said not to panic, they don't nescessarily need then anymore.

thanks for clearing that one up tigersaw, the copy of the land registry is what they are sending me now.

[tigersaw]

Originally Posted by kwak zzr

it sure is they still sting you for a closing account fee tho dont they

Yes, but you can get that back too if its unreasonable.
If you have your original loan offer and it states a fee of say £50 upon redemption, and they have just charged you £200 (for instance), thats unreasonable. A quick phone call is all it takes.
I got £75 back on mine.

[squirrel_hunter]

Originally Posted by kwak zzr

i just dont know how the young'uns cope these days.

We don't we just have to stay renting a room paying someone elses mortage off. In the mean time as much as we try and build some savings having left Uni with the average debt (20k last time I looked). When we finally have a couple of grand to put down house prices would have doubled again so we have to stay renting paying off the landlords mortage as we still can't afford anywhere.