This information is for clients of Funds in Court [FIC] who are looking at buying a house using their funds held in Court.

Once you buy a property it is held in trust. The Senior Master will appoint two solicitors as the trustees. These ‘solicitor trustees’ become the ‘legal owners’ of the property.

This means that the Certificate of Title to the property is registered in the name of the trustees.

It does not mean that they own the property for themselves. The solicitor trustees are appointed to protect your property and hold it for you.

They cannot make any decisions about your house. The property cannot be sold without the Senior Master’s permission.

What do solicitor trustees do?

Solicitor trustees look after the conveyancing (transfer of ownership) and legal matters related to your house.

They make sure that all the legal documents relating to your house are signed and in order. The Certificate of Title to your house is sent to the Senior Master and kept in a bank safe.