Money Box Warning over Trusts and Landlord Mortgages
Oct 17, 2025
Jade Garnie, Chair of the Association of Lifetime Lawyers, highlights the alarming trend of trust mis-selling, revealing that many unsuspecting individuals are paying hefty sums for ineffective schemes meant to protect their homes from inheritance tax and care fees. She emphasizes the need for proper advice from accredited solicitors. The discussion also touches on the easing of buy-to-let mortgage rates, which offers landlords hope amidst financial pressures, while Northern Ireland sees a unique rise in house prices due to local demand and limited supply.
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Trust Schemes Often Misrepresented
- Many firms sell trusts to ordinary people claiming they protect homes from care fees or inheritance tax.
- Top lawyers say these schemes usually fail and can cause large legal and tax costs later.
Woman Misled By Seminar Trust Offer
- Paula paid several thousand pounds after a free seminar to put her home into a trust to protect her son.
- She later discovered it was ineffective and spent nearly £4,000 more and a year of stress to resolve the mess.
High-Value Trust Backfires Taxwise
- A man put his £800,000 home into a trust after mis-selling and now faces an HMRC bill over £100,000.
- He likely wouldn't have owed inheritance tax without the misguided trust move.