Can i claim compensation from my mortgage company if they did not ensure that my property deeds were created?
Solicitor went bust. this is the second solicitor i have used that went bad. no deeds again for my property after moving. this is a year down the line. should the mortgage company not take some responsibility for this and pay compensation for not following up on actaully securing the deeds into their possession. i am now unable to move house or re-mortgage as there are no deeds.
Answer
I am a conveyancer so as long as you are in england and the property is registered at h m land registry as being yours as well as the mortgage registered on the deeds you dont actually need any paperwork as deeds have been dematerialized since october 2003 in accordance with the land registration act 2002. if the property is not yet registered in your name you can go to the law society who should have intervened if the solicitors went bankrupt and should have re allocated your file to another reputable firm. if you want to check the property is registered in your name go to www. landregistry.gov.uk and it will cost you £2 to obtain an electronic copy of your deeds.
