Can’t get a mortgage even if you credit history is good bad or indifferent?
Want to continue growing your portfolio in the future?
Wary of getting involved with ‘No Money Down’ schemes?

If the answer is yes, rest assured you are in good company! Trust Deeds may help you overcome these obstacles and provide tax advantages.

What’s the first step?

Identify someone who will not have the problems that you are having in obtaining conventional finance. They can then apply for and hopefully obtain the desired mortgage.

How does it work?

The trust deed is a document which splits the beneficial title of the property (the good bit – profits rents etc) from the legal title (the bad bit- liabilities)

Lets say you have found this person who can obtain the mortgage required and lets call them call them ‘X’ and you, the investor, are ‘Z’.

Z identifies a good deal.
X obtains the mortgage and will therefore move forward with the deal in the name of X.
The trust deed is drawn up which states that the X has entered into the purchase contract at the request of Z and will own the property on trust for Z.

Z will then be entitled to the good bits and you can share this with Z if you wish to incentivise them- you can offer them all or part of the sae proceeds and rent.

When do I need to do this?

The trust deed should be dated before exchange (not a problem if the matter ultimately falls through and doesn’t proceed to exchange as the deed will be of no effect)

How much does it cost?

And the best bit: we can prepare trust deeds for just £150 plus VAT.