You are here: Home - Saving & Banking - News -

Lose these documents and it could cost you £800

Written by:
Despite living in a digital age, it’s essential to keep your paperwork in a safe place. If you lose valuable household documents, it could cost up to £800 to get them replaced.

Below are the common important documents you may need, and the cost of getting them replaced:

Birth certificate – £9.25

Birth certificates are important documents showing proof of age and there are many circumstances where you may be asked to present the document, such as applying for a driving licence.

Passport – £75.50

Your passport is one of your most expensive and important documents and replacing it could not only cost £75.50, but also jeopardise your holiday if you lose it just before you are about to go away. If you need your passport replaced urgently, it could cost you up to £177.

Always remember to check your passport is in date if you’re due to go on holiday as many countries require you to have at least six months left on your passport to be able to travel.

Car log book – £30

Your car log book is proof you legally own your car. Replacing a logbook costs between £25- £30.

Marriage certificate – £9.25

If you need to change your name on documents or show proof of marriage, replacing a marriage certificate could cost you £9.25.

Bank statements – £60 for a year’s worth

With the rise of internet banking, bank statements are readily available digitally at our fingertips. If you are planning on applying for a mortgage, you could be asked to provide six months to a year of printed bank statements for your application, especially if you are applying for a mortgage with a different bank to your own. Generally, banks may charge £5 per bank statement to get them printed.

Car insurance documents – £30

These days car insurance is renewed online and the legal documents at the beginning of the contract are emailed directly to you. However, in some cases you may be asked to hand over hard copies of your contract and, if you don’t have a printer at home, you could be subject to a £30 administration fee.

Mortgage documents – up to £500

Buyers are often inundated with paperwork when they first buy their home, from the first mortgage in principle letter, to the mortgage offer and, later down the line, solicitor documents and house deeds. While most of these documents can be easily replaced by your bank, losing documents such as your house deeds could result in you needing a solicitor and paying up to £500.

Vlatka Lake, marketing manager at Space Station, which compiled the research, said: “It can be easy to get into the habit of putting letters or documents on your mantelpiece as soon as they arrive in post, only for them never to be seen again.

“Any documents which can be used as identity, prove your ownership of something or can be used for insurance purposes, should be kept in a secure place.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
British Gas hikes energy bills for millions for second time in months

More than three million British Gas customers on its standard variable tariff will see bills rise by an average of...