Hi, I have purchased a house with a friend but the mortgage is in his name and we have both signed a decleration of trust with a witness each. It was written by a solicitor and at the bottom it says: The parties hereto will make an application to HM Land Registry and execute and do all other such documents acts and things as may be necessary or convenient to procure and that an appropriate restriction and any other necessary entries may be entered or registered in the register of the title referred to in the First Schedule hereto foe the purpose of giving effect to this Deed. Underneath that is says: The First Schedule All that freehold property to be known as ** and to be registered at the Land Registry under the title number SYK. What do I need to do and also will this Deed ensure that I get back my 50 percent share in the property if one day my friend refused to give me the money when we sell and it went to court? It does state we both have to pay half of Everything, what the terms are if we don't agree on a selling price etc and states thay we are tenents in common. Regards David
No we both had the same solicitor
It was the same solicitor that was dealing with the legal fees. We just paid them a just paid them a 100 pound to write us the declaration of trust and we signed it with our parents as witness'a
OK I think I know what I need to do, we need to contact Land Registry and make an application to get the restriction put on the house. How do I stand at the moment without that restriction being on the house but we each have a signed copy of the declaration of trust. Does the deed still have effect or not until the restriction is on the property?