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Deed of trust - legally enforceable?
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The other advantage of the DOT is that it is document that you have control over.
In the event the other person no longer exists you find that you are dealing with someone else.
If you remember to put that scenario in the DOT many don't.
Wills and/or Joint ownership are not sufficient to protect your interests.0 -
getmore4less wrote: »mortgage £150k split payments on £7.5k & £143.5k
5% 95% payment split will work, if either party overpays a lump sum easy to rework the debt servicing(note equity share does not change).
That way you both put in £157.5k to own equity 50:50.
Sounds easy, apart from the bit where my partner needs to put in 95% of £650!0
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