 Under Section 8 of the Act , trustees can purchase land " as an investment , for occupation by the beneficiaries or for any other reason " . Once this land has been purchased they are free to do with it what they could if they were the absolute owner ; they can sell it , lease it or mortgage it . This is a default provision , and can be made irrelevant if the trust instrument contains other rules and requirements . This land may only be bought in Britain ; if trustees wish to purchase land outside Britain , they must either invest in companies which own land or alter the trust instrument to allow it . 
