Deed of Trust or declaration of beneficial interest

Star_Gazer

Help please.

I have a sole proprietor joint mortgage setup, I need to know what type of agreement to take out in the event of me and my partner spiting. The idea is we each get back what we put in, then when the house is sole any profits are split 50/50.

Please can someone give useful advise as one solicitor said they won't do it as it should have been done by conveyancing, now i'm confused as to what type and who can do it!

Thanks in advance

foxy-stoat

When you bought the property how did you buy it, joint owners or tenants in common with unequal shares?

Your better off listing out what you want to achieve in writing now, both agreeing to what ever you come up with and hope that when/if you split up you are both on speaking terms.

Thrugelmir

Who is the sole proprietor?

[Deleted User]

If you are doing a joint borrower sole proprietor to avoid stamp duty then there is a good chance the solicitor will still treat as a joint purchase if there is deemed to be a beneficial interest. Especially if they are living there and named on the mortgage