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 nowwishes to sell the property, and Hyan is expecting to receive a portion of the value of sale.
Does Hyan have a beneficial interest in the property and, if so, what the size might be of their share in the property?
Using the Issue, Rule Application, Conclusion method please
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