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Declaration of Trust & Complications

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  • firstbuyer
    firstbuyer Posts: 165 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    It looks more related to the deed of trust providing your partner with an effective interest in the property; directly contradicting any gifted deposit form signed.

    I hope not... I'll give them a call, as I find emailing doesn't provide any reassurance!
    Finally completed on our new home
    Cladding Scandal Activist
  • pimento
    pimento Posts: 6,243 Forumite
    Part of the Furniture 1,000 Posts
    What if they got married?
    "If you think it's expensive to hire a professional to do the job, wait until you hire an amateur." -- Red Adair
  • kingstreet
    kingstreet Posts: 39,272 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    From a mortgage POV it makes no difference.

    Someone contributing to the deposit, living in the property but not party to mortgage nor ownership is not acceptable to several lenders.

    Others won't accept a sole application from someone married.

    Let's not hijack the OP's thread any further...
    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.
  • firstbuyer
    firstbuyer Posts: 165 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    Let's not hijack the OP's thread any further...

    Yes.. marriage isn't on the cards anytime soon :rotfl:

    I've arranged a further phonecall with solicitor so will wait and see.

    Thanks for the replies though - raised some good questions! Have been very open with mortgage and solicitor throughout the process so trust that there isn't an issue.. Lets see :)
    Finally completed on our new home
    Cladding Scandal Activist
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