Question
Hyan and Purlow decided to buy a property together. Upon purchase, the property was registered with HM Land Registry and, owing to the concern that
Hyan and Purlow decided to buy a property together. Upon purchase, the property was registered with HM Land Registry and, owing to the concern that the mortgage would affect Hyan's credit rating, Purlow was registered as the owner. In return, Hyan paid a deposit (20% of the property value) and the legal fees for the purchase. Purlow has paid the monthly mortgage payments since the purchase.
Purlow now wishes to sell the property, and Hyan is expecting to receive a portion of the value of sale.
Advise Purlow, in the form of a letter using clear and appropriate language, on whether Hyan has beneficial interest in the property and, if so, what the size might be of their share in the property.
A reference list must be provided (UK Sources only)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Your Name Your Address City Postcode Email Address Phone Number Date Purlow Last Name Purlows Address City Postcode Dear Purlow Re Beneficial Interest in Property I hope this letter finds you well I a...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started