Make your Free Declaration of Trust Beneficial Interest

For use in England and Wales only.

Make certain all formal details are in order when the legal owners of the property are not the only owners with this declaration of trust. This deed of trust is necessary where, for example, mum and dad are putting up some of the capital for the purchase price of the property. It covers numerous scenarios where the beneficiaries may or may not also live at the property as well as where the required agreement is simple and only concerns the contribution to the purchase price.

Use this deed of trust:

• when the legal owners of the property, the trustees, are to be the registered owners but others have contributed to the purchase price and want their interest noted

This deed of trust covers:

• where one or two people are buying a property with or without a mortgage, but some of the funds are being provided by one or two others, the beneficiaries eg mum and dad are putting up some of the capital and need their interests protected as owners of the property as opposed to being lenders
• where the beneficiaries may or may not also live at the property
• where the required agreement is simple and only concerns the contribution to the purchase price
• the legal ownership of the property and is a legally binding agreement. It should not be used in place of a flat-sharing or tenancy agreement, for example, nor if the parties are not in complete agreement

For more information, read Declaration of trust.