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  • FIRST POST
    • Rheys99
    • By Rheys99 5th Dec 17, 2:16 PM
    • 17Posts
    • 1Thanks
    Rheys99
    Anyone use deedoftrust.co.uk?
    • #1
    • 5th Dec 17, 2:16 PM
    Anyone use deedoftrust.co.uk? 5th Dec 17 at 2:16 PM
    I will be having a Declaration of Trust drawn up for when my friend is added to a my current mortgage...has anyone dealt with this company before. Mixed reviews online so I thought i'd just ask around...
Page 1
    • Mutton Geoff
    • By Mutton Geoff 5th Dec 17, 4:18 PM
    • 999 Posts
    • 1,041 Thanks
    Mutton Geoff
    • #2
    • 5th Dec 17, 4:18 PM
    • #2
    • 5th Dec 17, 4:18 PM
    I used them recently, very fast, good communications, amended document to my specific needs and very competitively priced.


    The only thing I won't know unless it is tested is the watertightness of the agreement but as far as the firm is concerned, it all went well and I would recommend them.
    Compensations/Refunds from Banks & Institutions - £4,165 | Stooz Profits - £7,636 | Quidco - £4,014

    All with a big thank you to Martin and MSE.com from Mutton Geoff!
    • Tom99
    • By Tom99 5th Dec 17, 4:38 PM
    • 682 Posts
    • 407 Thanks
    Tom99
    • #3
    • 5th Dec 17, 4:38 PM
    • #3
    • 5th Dec 17, 4:38 PM
    How much do they want to charge you?
    • Mutton Geoff
    • By Mutton Geoff 7th Dec 17, 10:21 AM
    • 999 Posts
    • 1,041 Thanks
    Mutton Geoff
    • #4
    • 7th Dec 17, 10:21 AM
    • #4
    • 7th Dec 17, 10:21 AM
    How much do they want to charge you?
    Originally posted by Tom99

    From their website - "Our bespoke drafted deeds are offered at a fixed fee guarantee of £150 plus fixed Disbursements of £30 meaning a grand total of £180"

    That's what I paid, nothing more. The deed arrived very attractively printed and bound too!
    Compensations/Refunds from Banks & Institutions - £4,165 | Stooz Profits - £7,636 | Quidco - £4,014

    All with a big thank you to Martin and MSE.com from Mutton Geoff!
    • getmore4less
    • By getmore4less 7th Dec 17, 11:21 AM
    • 30,821 Posts
    • 18,429 Thanks
    getmore4less
    • #5
    • 7th Dec 17, 11:21 AM
    • #5
    • 7th Dec 17, 11:21 AM
    Did it cover

    How the property is owned and the debt paid.

    how maintenance and improvements get paid.

    What happens if one person can't or won't pay either temporary or permanent.

    How overpayments on the debt are to be managed especially when different sizes

    Sale trigger.
    Buyout triggers
    How to agree a prices and what fees get included.
    Times scales on buyout that then has to go to sale.
    Time scales on one person being able to reduce the price if not selling.

    Deaths of either party.

    what happens if one party wants to move out
    what happens if one party want to sublet.
    .........
    • Mutton Geoff
    • By Mutton Geoff 7th Dec 17, 11:34 AM
    • 999 Posts
    • 1,041 Thanks
    Mutton Geoff
    • #6
    • 7th Dec 17, 11:34 AM
    • #6
    • 7th Dec 17, 11:34 AM
    Did it cover ..
    Originally posted by getmore4less
    How the property is owned and the debt paid. YES

    How maintenance and improvements get paid. YES

    What happens if one person can't or won't pay either temporary or permanent. NOT RELEVANT IN MY CASE

    How overpayments on the debt are to be managed especially when different sizes. NOT RELEVANT IN MY CASE

    Sale trigger. YES

    Buyout triggers. YES

    How to agree a prices and what fees get included. YES

    Times scales on buyout that then has to go to sale. NOT RELEVENT IN MY CASE

    Time scales on one person being able to reduce the price if not selling. NOT RELEVANT IN MY CASE

    Deaths of either party. YES

    What happens if one party wants to move out. YES. Also what if one party wants to sublet or change ownership of asset mentioned in deed.

    What happens if one party want to sublet. YES
    Compensations/Refunds from Banks & Institutions - £4,165 | Stooz Profits - £7,636 | Quidco - £4,014

    All with a big thank you to Martin and MSE.com from Mutton Geoff!
    • martindow
    • By martindow 7th Dec 17, 1:24 PM
    • 7,300 Posts
    • 4,079 Thanks
    martindow
    • #7
    • 7th Dec 17, 1:24 PM
    • #7
    • 7th Dec 17, 1:24 PM
    How the property is owned and the debt paid. YES

    How maintenance and improvements get paid. YES

    What happens if one person can't or won't pay either temporary or permanent. NOT RELEVANT IN MY CASE

    How overpayments on the debt are to be managed especially when different sizes. NOT RELEVANT IN MY CASE

    Sale trigger. YES

    Buyout triggers. YES

    How to agree a prices and what fees get included. YES

    Times scales on buyout that then has to go to sale. NOT RELEVENT IN MY CASE

    Time scales on one person being able to reduce the price if not selling. NOT RELEVANT IN MY CASE

    Deaths of either party. YES

    What happens if one party wants to move out. YES. Also what if one party wants to sublet or change ownership of asset mentioned in deed.

    What happens if one party want to sublet. YES
    Originally posted by Mutton Geoff
    Aren't some of these you've listed as not relevant things that really should be covered? If the two people fall out for any reason, or one is in debt in the future they could be very relevant I would have thought.
    • Mutton Geoff
    • By Mutton Geoff 7th Dec 17, 1:45 PM
    • 999 Posts
    • 1,041 Thanks
    Mutton Geoff
    • #8
    • 7th Dec 17, 1:45 PM
    • #8
    • 7th Dec 17, 1:45 PM
    Aren't some of these you've listed as not relevant things that really should be covered? If the two people fall out for any reason, or one is in debt in the future they could be very relevant I would have thought.
    Originally posted by martindow
    Of course, however, I have accepted that there are some circumstances where my loan would be written off because it would not be worth pursuing it in such situations.


    I'm not keen to provide more information about the reason for the deed on a public forum but am quite happy that the document provides enough understanding between us and whatever the "reasonable" future may hold.
    Compensations/Refunds from Banks & Institutions - £4,165 | Stooz Profits - £7,636 | Quidco - £4,014

    All with a big thank you to Martin and MSE.com from Mutton Geoff!
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