{"id":164,"date":"2010-11-04T18:08:16","date_gmt":"2010-11-04T18:08:16","guid":{"rendered":"http:\/\/www.wills-etc.co.uk\/index.php\/"},"modified":"2011-06-02T10:38:05","modified_gmt":"2011-06-02T10:38:05","slug":"declarations-of-trust-and-loan-agreements","status":"publish","type":"page","link":"https:\/\/www.wills-etc.co.uk\/index.php\/trusts\/declarations-of-trust-and-loan-agreements\/","title":{"rendered":"Declarations of Trust and Loan Agreements"},"content":{"rendered":"<h1>Declarations of Trust &amp; Loan Agreements<\/h1>\n<p>Today with the high property market prices it is essential that buyers are protected. Few can afford to buy their first home and often need financial support from their parents. Many people now choose to club together to buy their first house.<\/p>\n<p>Work colleagues, friends and relations are now buying houses jointly.<\/p>\n<ul>\n<li><strong>But what happens if the owners fall out?<\/strong><\/li>\n<li><strong>Someone dies? <\/strong><\/li>\n<li><strong>Or an owner wants to move and the others don\u2019t?<\/strong><\/li>\n<\/ul>\n<p>The money given by a parent is to benefit just one of several owners, and the money is just a loan?<\/p>\n<p>What about when the loan is made to one of an unmarried couple, who buy and then split up?<\/p>\n<p>All these issues can be covered by a Declaration of Trust. Such documents can confirm what will happen in these types of situations. We particularly recommend putting a declaration in place when owners have contributed different amounts to the purchase, or are paying different amounts in upkeep or mortgage payments.<\/p>\n<p>In cases where there is a family loan, we can draw up formal Loan Agreements.<\/p>\n<p>If you are one of the following people:<\/p>\n<ul>\n<li>You own a property with someone else<\/li>\n<li>You are a buy to let investor<\/li>\n<li>You have made a loan to your children<\/li>\n<li>You have bought a property for a family member<\/li>\n<\/ul>\n<p><strong>You should ensure your interests are protected and your Will provision is up to date.<\/strong><\/p>\n<p>In buying property you are buying the most substantial asset you will ever own. Don\u2019t be caught out by not wanting to be too formal!<\/p>\n<p>We can put Declarations of Trust and Loan Agreements in place for you and your family. If you are about to buy please <a href=\"\/contact\">contact us<\/a>. A Declaration can be made ready before completion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Declarations of Trust &amp; Loan Agreements Today with the high property market prices it is essential that buyers are protected. Few can afford to buy their first home and often need financial support from their parents. Many people now choose to club together to buy their first house. Work colleagues, friends and relations are now [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":12,"menu_order":1,"comment_status":"closed","ping_status":"open","template":"","meta":{"footnotes":""},"class_list":["post-164","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Declarations of Trust &amp; Family Loans - Legal Advice Guildford Surrey<\/title>\n<meta name=\"description\" content=\"Declaration of Trust and Loan Agreements: we can advise you. Protect yourself and your family! Wills Etc. based in Guildford, Surrey. Call on 01483 564833.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wills-etc.co.uk\/index.php\/trusts\/declarations-of-trust-and-loan-agreements\/\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wills-etc.co.uk\\\/index.php\\\/trusts\\\/declarations-of-trust-and-loan-agreements\\\/\",\"url\":\"https:\\\/\\\/www.wills-etc.co.uk\\\/index.php\\\/trusts\\\/declarations-of-trust-and-loan-agreements\\\/\",\"name\":\"Declarations of Trust & Family Loans - Legal Advice Guildford Surrey\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.wills-etc.co.uk\\\/index.php\\\/#website\"},\"datePublished\":\"2010-11-04T18:08:16+00:00\",\"dateModified\":\"2011-06-02T10:38:05+00:00\",\"description\":\"Declaration of Trust and Loan Agreements: we can advise you. 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