Property News · July 12, 2021

How should a deed of trust be set up in case a couple splits up after buying a flat?


My son wants to buy a flat with his girlfriend and has £280,000 for a deposit while she has £20,000Q My son wishes to buy a flat with his girlfriend. He has approximately £280,000 in cash to put down as a deposit and she has £20,000. I have also said that I am willing to give my son a loan of £70,000 to be paid back without interest over the next 10 years. They will also need a mortgage of about £90,000. Because of the difference in outlay they wish to set up some kind of arrangement via a deed of trust to specify what would happen if they should decide to split up. Continue reading…

Source : theguardian.com
Read more…How should a deed of trust be set up in case a couple splits up after buying a flat?

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