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Discretionary Trust
Sairs1
Posts: 1 Newbie
My partner and I have recently taken out a mortgage together and during the process, our lender gave us a Discretionary Trust Deed document and told us to think about what we wanted to do. Now we've moved and the dust has settled, I realise I have no idea what it is and whether we need it or not! Is anyone able to explain it in very simple terms?
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Comments
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seek legal advice on the matter0
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Did you take home insurance from your lender as well as the mortgage?0
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Did they sell you life cover?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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kingstreet wrote: »Did they sell you life cover?
Oops yes, meant life not home :embarasse0
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