A law firm has set up a trust corporation, and deals with a private family trust. Trustees are the trust corporation and family lay trustees. The trustees agree to purchase a residential property to be held within the trust. All trustees would prefer the trust corporation to instruct a firm in the purchase, and have the trust corporation registered as sole legal proprietor on the Land Registry title, but with the relevant restrictions to protect the assets. Land registry guidance (Practice guide 24: private trusts of land esp para 4.3) suggests that Land Registry want ALL trustees to be registered, but if the trust corporation is sole legal proprietor, it saves register changes when the family lay trustees change, which is highly likely. I understood having the trust corporation as sole legal proprietor registered at Land Registry was one of the several advantages of having such a trust corporation? What are trust forum members experiences?
I believe all legal owners need to be registered (up to the max 4) but presumably the Trust Corporation could hold the property as nominee for the trustee body as a whole.
That would need the property to be conveyed to the TC alone, a separate (short) nominee doc and (I think) a separate TRS registration for the nominee arrangement.