Trust deeds are a very common way of creating a legal document to use in creating, extending or restructuring mortgages. Trustees can be appointed should the need arises and they will hold the money to ensure it is used for its intended purpose. If you have created or amended your trust deed, it will need to be registered at the correct office so that it is legally valid.
This should always take place within 28 days of any changes being made to your trust deed. Failure to register could result in action taken against you by creditors. This article explains how you can register amendments with HM Land Registry easily and quickly without any hassle, saving you both time and money in the process.
While this guide includes guidance on how to register both minor and major trust deeds, you should always seek professional advice when amending your deed.
How can we help? As one of the country’s leading providers of trust deed amendments, we adhere to the highest standards when it comes to making our service as easy-to-use and cost-effective as possible. Furthermore, you don’t even need to visit in person; everything can be done via post or online through our website. To find out more about registering trust deeds with us, please fill in our application form today.
Where do I Need to Register My Trust Deed Amendment?
If you have amended your trust deed, it will need to be registered at HM Land Registry if the amendments are to be legally valid. However, this doesn’t mean that a lot of time and money will need to be expended by yourself or a third party on professional legal advice.
While registering may seem like a complex task, there are several ways in which you can register without being forced to spend out large sums of money on professional advice. One of the easiest is via our simple post. This involves sending both your original deed with any relevant correspondence attached along with your application form for registration which you have filled in online or sent us separately via post.
Registration Requirements for Trust Deed Changes
When it comes to making amendments to one’s trust deed, there are a variety of requirements that must be fulfilled for the process to be legal. One of the most important is ensuring that the people who have signed your deed are still happy with how it reads.
This means that you should never amend your trust deed without first obtaining approval from both trustees, which can easily be done by sending them copies of the newly amended deed along with covering correspondence explaining what you’ve changed and why.
Trust deeds also need to include basic information about their creation; this includes details on when they were created, where they were created and how many trustees there are. Not only will you need to amend your trust deed if any individual details change (for example if one trustee leaves), but the HM Land Registry state that a disclosure statement must be attached to a trust deed whenever its details change.
As such, if the number of trustees changes from one to three or more then this will need to be registered.
How Much Does It Cost to Register a Trust Deed Amendment?
The cost of registering a trust deed amendment is largely down to how many pages it includes and how many people are listed as trustees. If you amend your original deed to add or remove an individual trustee, then registration via our postal service is free.
If the same applies but on a larger scale (for example if you’ve created new trusts), your application form should contain a section where you enter the names and addresses of all current trustees along with their unique identifying numbers contained within your deed. Once this information has been entered, you should then follow the regulations about trust deed amendments as stated by HM Land Registry.
How Long Will It Take to Register My Trust Deed Amendment?
Filling in an application form with us can be done quickly and easily online or via post. For those who would prefer face-to-face support, we offer a service where our experts can visit your home or office. Furthermore, certain applications may take longer than others depending on how many trusts need to be amended or if any new trusts need to be created.
Please refer back to the section outlining what is required when registering your trust deed amendment for more information.
If you’ve created or amended your trust deed, you’ll need to register the changes at HM Land Registry for them to be legally binding. While this can take time and money it doesn’t have to be expensive or complex if you use our free service. For both tracking and even face-to-face support, let us know what’s required of your amendment today!