Why do you need to assign the properties and the mortgages to the Trust? If you retain ownership of the properties there is no reason why you should not execute a Declaration of Trust, saying that you no longer hold the properties as beneficial owner but as Trustee for the Family Trust. After paying the mortgages out of income received, you pass the remainder into the Trust's bank account. You would remain owner of the legal estate in the properties but the equitable interest would ahve passed to the Trust. In that way you need not involve HSBC/RBS. If you were to ask the question of either, my experience suggests that the answer would be negative.
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