Most lenders require you to notify them of a Declaration of Trust. It will only affect the mortgage if it adversely affects their ability to their rights under the terms of your mortgage offer. This generally doesn't matter if the legal owners are holding the property on trust for themselves. However, if the legal owners name additional beneficial owners in the declaration, this grants them an interest, which might be problematic if the lender was forced to repossess the property. Ask our team if you have any questions about whether our Deed of Trust will be suitable for you. Get in touch