We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Declaration of trust

Hi guys,
My partner and i are buying a house together and one of us is putting in a much larger deposit than the other.
Ofcourse we both hope we will be together forever but we also want to be sensible just encase some thing goes wrong with our relationship.
We are not married.
We have been quoted £400 for a declaration of trust but we wondered if tenants in common would just do a similar thing?
Or is it a case that tenants in common won't detail enough of what happens if we break up?

Would be interested in anyone's feed back who may have been in a similar position.



Comments

  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Read the numerous threads on here and housing board on people that have asked the same thing and those that paid solicitors and they got a duff deed drawn up.

    Try posting numbers if you want suggestions. 
  • We had a declaration of trust drawn up by our conveyancers and it didn't cost £400 more like £125 I believe.
    We are also tenants in common. It's only valid until we are married however. 
  • We had a declaration of trust drawn up by our conveyancers and it didn't cost £400 more like £125 I believe.
    We are also tenants in common. It's only valid until we are married however. 
    Thank you i appreciate your help.
    How long ago was that?


  • Anamox
    Anamox Posts: 174 Forumite
    100 Posts Name Dropper
    £400 is expensive, there are companies who specialise in DOT that offer it for £180.
  • We had a declaration of trust drawn up by our conveyancers and it didn't cost £400 more like £125 I believe.
    We are also tenants in common. It's only valid until we are married however. 
    Thank you i appreciate your help.
    How long ago was that?


    We completed in July so literally a couple of months! 
  • We had a declaration of trust drawn up by our conveyancers and it didn't cost £400 more like £125 I believe.
    We are also tenants in common. It's only valid until we are married however. 
    Thank you i appreciate your help.
    How long ago was that?


    We completed in July so literally a couple of months! 
    Thank you! Did you use the same solicitor that did your conveyancing or a different one?
    Would you mind tell me who you used?
    Thank you in advance 


  • We had a declaration of trust drawn up by our conveyancers and it didn't cost £400 more like £125 I believe.
    We are also tenants in common. It's only valid until we are married however. 
    Thank you i appreciate your help.
    How long ago was that?


    We completed in July so literally a couple of months! 
    Thank you! Did you use the same solicitor that did your conveyancing or a different one?
    Would you mind tell me who you used?
    Thank you in advance 


    We used Oneill Patients but I wouldn't recommend them to anyone they were awful. Slow at communicating, missed our exchange deadline because they'd lost documents they were terrible. 
  • We had a declaration of trust drawn up by our conveyancers and it didn't cost £400 more like £125 I believe.
    We are also tenants in common. It's only valid until we are married however. 
    Thank you i appreciate your help.
    How long ago was that?


    We completed in July so literally a couple of months! 
    Thank you! Did you use the same solicitor that did your conveyancing or a different one?
    Would you mind tell me who you used?
    Thank you in advance 


    We used Oneill Patients but I wouldn't recommend them to anyone they were awful. Slow at communicating, missed our exchange deadline because they'd lost documents they were terrible. 
    Thank you much appreciated 
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.2K Spending & Discounts
  • 247K Work, Benefits & Business
  • 603.6K Mortgages, Homes & Bills
  • 178.3K Life & Family
  • 261.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.