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)
(750 words)
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