Deposit – you and your co-buyers will put your savings together to make up the deposit for the property purchase Shared responsibility – you and your co-buyers would be equally responsible for the mortgage on the property plus the outgoings and repairs. We suggest that this is set up and recorded in a trust deed in the simplest way possible so it is easier to interpret in the future what was agreed at the outset of your purchase. Trust Deed – this will be prepared by our conveyancing solicitors to record the following: Size of deposit paid by each co-buyer Mortgage responsibilities – who pays what The procedure for leaving the co-ownership arrangement What happens if everyone decides to sell up Financial split on completion of the sale The trust deed ensures that your interest in the property is protected in a predetermined way in the event that the co-buying arrangement no longer remains feasible.