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Hi thank you for your message, please note that I will look to provide an accurate but nevertheless speedy reply to your inquiry. I will endeavour to help you today.
Your best bet is that the agreement is the deposit goes back to your parents, reason being that in the event of divorce it is more likely to be upheld because they are not party to the divorce and therefore the agreement should be upheld in their favour. They can gift the money back to you after the divorce if they want. Your best option is to obtain a deed of trust. This is a legally-binding document recording the financial arrangements between joint property owners, and/or anyone else with a financial interest in the property. The purpose of a Declaration of Trust is to remove any uncertainty as to what will happen to each person's financial investment in the property. What’s included in a Declaration of Trust will depend on your individual circumstances. It can include:
To get a deed of trust drawn up typically costs around £200. You can see a provider of such services offering a fixed fee price of £180 here:
I trust this assists
No it is not a problem at all, indeed the deed of trust is used because they are not on the title to the property I trust this assists
Happy to help take care