Property Trust Restructure
At Mounteney Solicitors, we offer a combined service to help property co-owners update the trust arrangements recorded on their property title. This includes removing an existing trust restriction, preparing a new trust deed, and registering the new trust with HM Land Registry, all handled as one clear process.
Where the terms on which a property is held have changed, any trust restriction on the Land Registry title should be updated to reflect the new arrangement. This may happen, for example, when co-owners agree to change their respective shares in a property. The process involves both the removal of the old restriction and the registration of a new one based on a revised declaration of trust.
We will review your situation, advise on the appropriate steps, and prepare both the statement of truth and the new trust deed. Once signed, we will submit the necessary forms to HM Land Registry, manage the application, and provide a clear report once registration is complete.
This service brings together our Declaration of Trust
and Restriction Removal
products at a discounted rate, offering both value and clarity for clients looking to make a clean update to their property arrangements.
Our Team of Specialist Solicitors
Money Matters
We will ascertain the scenario, advise, then engage to draft the necessary statement of truth, and new trust deed and see to their execution, then file them with HM Land Registry with the necessary form RX3 and RX1, progress the registration application, and report the result. This is for the combined product, below are the individual products.
(£600)
This is a combination of trust declaration and removal of restriction from title at a 30% discount. If the terms on which a property is being held change then a restriction relating to the holding should be revised, a surprisingly convoluted process that requires considerable legal expertise and experience to navigate smoothly, actually involving (in order) the removal of the old trust restriction immediately/simultaneously followed by the entry into of a new trust arrangements, and the registration of a new restriction relating to the new trust. This might arise, for example, when co-owners agree to revise the relative shares on which they hold a property.
Declaration of Trust (£425)
Our Declaration of Trust service is for taking your instructions and then creating a suitable trust deed and registering it with HM Land Registry. It does not include HM Land Registry registration fee, we will advise if you have to pay these, nor does it include registration of the trust with HM Revenue & Customs, we will advise; we have another fixed-price product for that work.
Removal of Restriction From Land Title (£300)
Our Remove Restriction from Land Title service helps clients remove outdated or unnecessary restrictions from a property’s title at HM Land Registry, including trust-related restrictions and those arising from historic ownership or management arrangements. Where a restriction is no longer relevant due to a change in circumstances or ownership, we advise on the correct route and handle the application process to ensure it is removed properly and without delay.
Contact our Property Trust Restructure Solicitors
If the way a property is held has changed and you need to update the trust and title to reflect this, our team is here to manage the legal process for you from start to finish. We offer a combined service to remove the existing trust restriction from the title, draft a new trust deed, and register the updated trust with HM Land Registry.
This service is commonly used when co-owners agree to alter the shares in which they hold a property. We will assess your situation, draft all required documents, see to their execution and submit the correct Land Registry forms to progress the changes efficiently.
You benefit from the convenience of a combined service with a 30% discount on the cost of completing the work separately. We will keep you informed at every stage and make sure everything is handled with care and accuracy.
With offices in Bramhall, Cheadle, Hazel Grove and Heald Green, we support clients across Stockport, Greater Manchester and Cheshire. Remote consultations are also available for your convenience.
Contact us today to speak with one of our Property Solicitors and update your trust and title records with confidence.
