Deed of Trust Advice

When people buy a property with a spouse or a partner, circumstances sometimes mean that one contributes more than the other, or perhaps a family member contributes the lion-share of the deposit.

A deed of trust is a useful agreement that ensures a buyer’s interest are protected, and which helps to deal with the fallout should a relationship break down and the property is sold, or transferred into one person’s ownership.

 

What is a deed of trust?

A deed of trust is used when a buyer wants to hold the property as specific shares to ensure they will get their full money back when the property is sold or transferred (see Transfer of Equity). They ensure the person’s interests are protected and are fairly straight-forward to set up, but the consent of all parties is required.

A deed of trust is referred to by various other names. These include:

  • Trust deed
  • Declaration of trust and co-habitation
  • Co-ownership agreement

 

Who needs a deed of trust?

Preparation of a deed of trust is advised for anybody who is purchasing a property with their partner, friend or relative as tenants-in-common. This is because they offer greater clarity to matters that can often be complex and information included in the deeds can include:

  • Ownership of shares in a property
  • The contribution made by the individuals to the purchase price
  • Guidance relating to disputes over property development
  • Guidance on what happens should one party pass away

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If you would like to know more about how our tailored services can best suit your needs, do not hesitate to get in touch. Although based in Greater Manchester, we can provide high-quality legal assistance to those who need it around the UK. Call us today on 0161 929 3086, or fill in the online contact form.

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A quick, efficient way to ensure your wishes are recorded for end of life. Good advice given and explained in a clear concise manner. Thank you.

Ms E

Michaela was exceptional in both advice and the completion of the will. Michaela was kind, considerate, professional and her manner and personality was one that inspired confidence from the very first meeting, going way above what I expected.

Mrs M

Wonderful service provided by Helen Green – very thorough knowledge. I am extremely satisfied as I was helped through a difficult time when I was uncertain how to go forward.

Mrs C

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Mrs K

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Mrs L

Thanks for the work of your staff led by Maria. I would like to highlight the contribution of Nadya & Leona in these transactions. While Maria is often the one in the sunshine so to speak, it is through the background work performed by these two that allows this to happen.

Mr S

I have been completely satisfied with help given by Helen and feel that my affairs are now in safe hands.

Mr G

I would like to thank Charlotte for being so friendly and helpful.

Mrs A

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Mr P

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Mr & Mrs C

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