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In the last couple of years my locale has seen a number of house and property ownership changes.
What I've found is that many people do not have a copy of the House Deeds and then do not know about responsibilities and restrictions on the property. What does seem to happen is that they see the documents at the solicitors on the day of purchase and then never see them again until they get them back from the loan provider. It's not difficult to ask for a copy - most loan companies will agree to this or even the solicitor will take a copy for the purchaser when asked.
The document is useful to identify boundaries & responsibilities, parking restrictions, fencing, external decorations, rights of way (both public and private).
In the end it also makes the loan providers life easier as they shouldn't get drawn into insurance or neighbour disputes.
I suggest that people ask for and keep a copy of the Deeds (most new copiers will watermark copies with 'Copy') with them.
I've certainly saved myself quite a few quid and much trouble by holding a copy.
What I've found is that many people do not have a copy of the House Deeds and then do not know about responsibilities and restrictions on the property. What does seem to happen is that they see the documents at the solicitors on the day of purchase and then never see them again until they get them back from the loan provider. It's not difficult to ask for a copy - most loan companies will agree to this or even the solicitor will take a copy for the purchaser when asked.
The document is useful to identify boundaries & responsibilities, parking restrictions, fencing, external decorations, rights of way (both public and private).
In the end it also makes the loan providers life easier as they shouldn't get drawn into insurance or neighbour disputes.
I suggest that people ask for and keep a copy of the Deeds (most new copiers will watermark copies with 'Copy') with them.
I've certainly saved myself quite a few quid and much trouble by holding a copy.