Used by legal owners who have someone living in their property or moving into their property over the age of 18 for whom they want to confirm the position that they have no beneficial interest in the property regardless of what they pay toward the property. It may also be used as part of a divorce settlement where one party remains on the legal title and mortgage but will have no beneficial interest in the property.

This service is available at a Fixed Fee of £240 INC VAT. Terms apply.

Order a Declaration of No Beneficial Interest
Use our online form to provide us with all the information our solicitor needs to draft you a declaration.
 
Transaction reference:
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Transaction Reference:
(If you are already a Parachute Law client you must use your client reference to sync your details to this form, it'll save you filling your details in again)
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Details of Legal Owner.
Title
First name
Middle name/s
Last name
Mobile number
Home Postcode
Lookup
Flat No:
First line
Second line
Town/City
County

What is the relationship between you and the other party?
Add a party to the deed ( Same Home )
Property details your deed relates to
Postcode of property
Lookup
Flat No:
First line
Second line
Town

Is the property freehold or leasehold?

Is the property a residential or a buy to let?

How do you currently own the property?
If you are unsure we will check for you. Joint Tenants cannot hold separate beneficial shares in a property. If the property is currently held as Joint Tenants then we can help sever the joint tenancy so the property is held as Tenants in Common for an additional fee.

What is the property's current price?
If you are buying the property this is the price you are paying. If you already own the property this is the estimated current market value as at today's date.

Is there a mortgage registered over the property?

What is the mortgage value?
If you are buying then this is the total mortgage debt as at completion (this may include mortgage valuation and admin fees added onto the mortgage debt). If you already own the property this is the estimated current total mortgage debt as at today's date.
Attach Documents
We do not need ID for Assignee You can attach a scan .PDF or a .JPEG. There is a free to use App called TurboScan for Android or IOS phones which converts a photo to .PDF on your mobile.

    1
    Proof of ID
Scan copy of your current valid passport or driving licence.
    2
    Proof of Address
2 scan copies of your home address (you can't use the same company twice for different months. You can use a utility/mobile bill, formal notice like HMRC letter or council tax or bank statement no older than 3 months).
Pay to draft declaration
If you have already paid then key in your password sent to you via email in the below box and then click Draft my Declaration. If you haven't yet paid then you can do so using a debit or credit card using Paypal (you don't need a Paypal account) or call to pay by card over the phone and get your password call 0207 183 4547.
Type payment code here
Fixed Solicitor Fee
(see Terms for scope of work)

£0.00
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Order Confirmation

What happens next?

    1
    We review your intentions our solicitor reviews your intentions and the Land Registry title ownership and asks for clarification on any points they deem necessary.
    2
    First Draft our solicitor drafts your declaration and this is sent to you for your review. You have one free revision built into the quote you have paid for. We aim to deliver your first draft within 2 to 3 working days.
    3
    Final Deed the final declaration is sent to you to execute and send onto your conveyancing solicitor if you are getting the deed registered. If we are registering the deed for you then we will guide you through what happens next in our email.


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Frequently Asked Questions
We have created a template declaration to confirm a zero beneficial interest position; either as part of a divorce settlement or if someone moves into your property and you want them to have no beneficial interest. The declaration of no interest in property includes the following clauses:

  • Lists the names of all legal and beneficial owners
  • a declaration of no interest in property for either a legal or non-legal owner confirming no future entitlement to any capital proceeds from the sale of the property, to income or to occupy the property.
  • Surrendering of any claim to an existing beneficial interest. The party signing away a benefit in land/property should seek separate legal advice as to the implications before signing declaration.
  • Confirmation the party/ies with a beneficial interest can sell or transfer the property at any time.

We can add additional clauses into the declaration of no interest in property to suit your intentions/circumstances however these will be chargeable at our solicitors hourly rate. Email us for a bespoke quote on thelegalteam@parachutelaw.co.uk
The declaration makes no reference to the actual beneficial ownership for the property so if you require this you should look at our Basic Deed of Trust.
Talk to a solicitor
We are friendly and helpful so please get in contact today to get straight talking legal advice from a specialist solicitor about a declaration of no interest in property, deed of trust or independent legal advice for your mortgage product.