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Lawdable AI
Deed of Trust · Question 6 of 14
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Welcome to Lawdable! I'm your AI legal assistant. I've started your Deed of Trust. Let's begin by understanding your situation — are you buying a property together, or is this for an existing property?
09:14
We're buying together. I'm putting in a larger deposit.
09:15
Got it. To draft your Deed of Trust accurately, I need to understand the deposit split. How much is the total purchase price, and how much is each party contributing as a deposit?
09:15
Property is £450,000. I'm putting in £60,000, my partner is putting in £15,000.
09:17
Understood. So your initial beneficial interest based on deposit alone would be approximately 80% / 20% before accounting for mortgage contributions. I'll need to ask a few more questions about how you'd like to handle ongoing mortgage payments and what should happen on sale. Ready to continue?
09:17
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AGREEMENT SUMMARY
TypeDeed of Trust
Property£450,000
Your share80%
Partner share20%
Your deposit£60,000
Partner deposit£15,000
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