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Co-Ownership Trusts cover situations where two or more people own a property through a trust structure, with the trust terms controlling who benefits and how the property is managed, sold or exited. The solicitor helps set up the trust deed, appoint trustees, draft settlement provisions, and align the arrangement with UK tax rules and mortgage requirements. They also advise on how occupancy, rights of sale, and future transfers are administered, and how to resolve disputes among co-owners.
The solicitor drafts the trust deed, letters of wishes and any declaration of trust, explaining ownership shares, exit triggers, and trustees’ powers. They handle registration with HM Land Registry, ensure the mortgage and lender-protection terms fit the trust, and advise on tax implications, including Stamp Duty Land Tax and capital gains considerations on disposal. They coordinate with lenders, mediators, and any co-owners to avoid disputes and ensure clear governance.
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Kimberley Osborne and her team were super helpful and patient in guiding me through the process of purchasing my first home. Always answered all my questions immediately and explained parts of the process I didn't understand. Would highly recommend them for future home buyers.
Review left by Avantika
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Value for money
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Tagged solicitor Victoria Sims
Victoria was amazing always calm always helpful despite a complicated porting and new additional loan through Just Financial Services who sometimes gave confusing and ,incorrect information and a pathway, parking and upkeep arrangements of a road which were not ‘run of the mill’.
Review left by Sylvia Brims
