Deed of Trust

By Justin Whitelock

Founder of Mortgage London (a trading style of City Finance Brokers Limited, authorised and regulated by the Financial Conduct Authority, FCA No. 766295)

A legal document that records how beneficial ownership in a property is held and how sale proceeds are divided.

Related glossary terms

Foreign Income

Earnings from outside the UK assessed by lenders, requiring evaluation of country of work, currency, employer type, and the quality of supporting evidence.

Non-Resident Mortgage

A mortgage for a borrower who is living outside the UK at the time of the application, overlapping with expat categories.

Broker Fee

A charge paid directly by borrowers to mortgage brokers for arranging mortgages, separate from lender payments, with charging models varying across the market.

Gifted Equity

An arrangement where a property is sold for less than market value, with the difference between market value and the lower price treated as a gift towards the buyer’s deposit.