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A deed of trust is a legal document that people complete to declare their respective interest in something (usually an asset - as here with the caravan park). It is legally enforceable and with a property would usually express in percentage terms how the proceeds of sale of the property (if sold) were to be divided. To provide a measure of comfort you can have this registered against the legal title to the property either as a restriction (which would prevent it being sold without your consent) or as a notice (which would mean that you would receive notice that the property was going to be sold).
You could then seek to enforce the agreement, practically a solicitor selling the property would be sure to engage with you over the sale and division of proceeds of sale.
I do find it a little strange that he says the mortgage company will only allow it to be in his sole name, if you are willing to be named on the mortgage usually the lender will consent. I would press him on this a little more, if he sticks to this position you can suggest looking at other mortgage lenders who will permit you to be named on the mortgage and registered title. This would provide you with a lot more security.
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If you do not have any income then it might prove to be a bit of a problem. Enquire anyway and if you are to receive an income from running the business then ask for this to be taken account of when making their decision.
If you are not named on the mortgage I would recommend executing a declaration of trust and having it registered as a restriction or perhaps in the form of a legal charge noting your interest. You should both inform the lender of your plans (ie. declaration or trust or second charge in your favour).
A restriction/charge will mean that the property cannot be sold without your consent, which impractical terms means until you get your money back.
You've got to ask to be included in his plans, rather than it just being a unilateral process undertaken by him.
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