Updates to 'How to rent: the checklist for renting in England' guide
Declarations of Trust
Any move is daunting and if it involves buying property jointly with others then the complexity increases. We can take away the stress of the process and ensure that you have a smooth and hassle free transaction that also takes into consideration your interests in any future changes.
When buying a property jointly with another, be that a spouse, partner or simply a friend a Declaration of Trust is often extremely useful in setting out the respective shares and responsibilities between the parties.
You might what to consider:
- What happens when one person puts down a large deposit, can that be protected?
- Who pays what share of the mortgage?
- What happens if one party moves out?
- What is the best way to hold property from a tax perspective?
We will take your circumstances and objectives into consideration and advise you so that you can make informed decisions about how you want your transaction to be structured.
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