Q My son wishes to buy a flat with his girlfriend. I have also said that I am willing to give my son a loan of £70,000 to be paid back without interest over the next 10 years. Because of the difference in outlay they wish to set up some kind of arrangement via a deed of trust to specify what would happen if they should decide to split up. I think it would be simplest if they split all bills, mortgage and my loan repayments as 50/50. GNA Deciding how the mortgage and other bills will be split is only one element of a deed of trust, usually drawn up between joint owners of a property.

Source: The Guardian July 12, 2021 06:00 UTC