Tenants in Common - changing percentages over time

Hi, Our solicitor says that Tenants in Common can be registered containing a percentage for two individuals in the comments section on the TR1 form.

I have also been told that the Land Registry does not hold percentages. Can someone clear this up please?

I would like, if possible, to periodically change the percentage over time with the Land Registry to align with increased investment by one party and a decrease investment by the other party. If this not possible, what other legal instruments are available?

This is not associated with inheritance, but if the property was sold.

Thanks
Lee

Hi Lee - you can include such specfiic details in the form TR1 but we don;t then register them on the title.
I suspect that's where the confusion may lie as whilst the Transfer, including the specifics, is on record and a copy can be obtained we only register what's known as a form A (joint proprietorship) restriction 
If you vary/change the % shares over time that's fine but we don't need to be informed and there's nothing to update on the register - the % shares/trust created relates to your beneficial ownerships and not the legal ownership, which we register.
The form A restriction can be applied for to reflect the fact that such an arrangement/trust exists. But that arrangement/trust can also still exist and no form A restriction applied for or registered. Hence why you can chop and change as much as you like but that doesn't alter the registered information

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