Deed of Trust
Expert Solicitors to draft your Deed of Trust.
How it works
You Submit Online Form
Complete our Deed of Trust questionnaire online to allow us to understand your circumstances.
Choose either an electronic Deed of Trust document in PDF or a physical bound Deed of Trust.
An approved Deed of Trust solicitor will draft your Deed of Trust and send it to you for approval by all parties.
You inform us of any amendments or updates.
Once all parties are satisfied, you confirm approval and we will prepare the final version.
We produce the final engrossed Deed which is sent to you either electronically via a pdf copy along with all other documents or as a bound physical copy.
Deed of Trust
A deed of trust in the UK refers to a legal document that outlines the co-ownership of a property when it is purchased jointly by two or more individuals, but not necessarily in equal shares.
This legal document is also known as a declaration of trust or a trust deed.
It is typically used when individuals buy a property together, such as friends or family members purchasing a house.
How does a Deed of Trust Work?
The deed of trust specifies the percentage of the property owned by each party involved. For example, if one person contributes a larger portion of the purchase price, their share in the property might be greater.
The document also outlines the financial contributions made by each party towards the property’s purchase price, mortgage payments, and maintenance costs.
Rights and Responsibilities
The deed of trust clarifies the rights and responsibilities of each co-owner. This can include decisions regarding selling the property, what happens if one party wants to sell their share or arrangements for handling disputes.
A deed of trust helps protect the financial interests of each co-owner. It ensures that in case of a sale, the proceeds are divided according to the agreed-upon shares, reflecting each person’s investment in the property.
The deed of trust provides a legal basis for resolving disputes or ambiguities that might arise in the future regarding the property’s ownership and financial matters.
A deed of trust is different from a mortgage deed, which is the legal document used to secure a loan against a property. In the context of mortgages, the property serves as security for the loan, and the mortgage deed outlines the terms and conditions of this arrangement.