Talk

Advanced search

Mumsnet has not checked the qualifications of anyone posting here. If you have any legal concerns we suggest you consult a solicitor.

Second charge trust

(3 Posts)
JKramer Fri 28-Jun-13 13:44:33

I have a question about second charge trust on a property.

Let’s say a friend or a member of a family lends you money to buy a property out right and a second charge trust was set up.
And the trust stipulates that they get back the minimum of they invested or the market value of the property.
The title deed is under your name.
And in the future, lets say you go through a messy divorce.
Would the trust protect from the house going to the partner?

JKramer Fri 28-Jun-13 13:47:02

Sorry, i meant first charge if no mortgage is required on the property.

Collaborate Fri 28-Jun-13 16:52:50

Never heard of a thing called a second charge trust before.

Sounds like a bare trust to me. If it's written down, then it can't be touched in the divorce.

Join the discussion

Join the discussion

Registering is free, easy, and means you can join in the discussion, get discounts, win prizes and lots more.

Register now