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LAND LAW

Member rating: No Rating | Words: 4000 | Submitted: Mon Jul 09 2007

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In 1995, Edgar inherited a property 'The Shambles' from his brother. Three years later, he sold it for £120, 000 and used his proceeds towards the purchase of 'Hanging Gardens', a large residential house with a florists shop attached. He took out a mortgage secured over 'Hanging Gardens' for £300, 000. The property was registered at the Land Registry in his sole name. Edgar moved in with his long term girlfriend, Angelica. Angelica paid the legal costs, stamp duty, Land tax and Land registration fees, together with the removal firm's costs. She also purchased new carpets and curtains for the property. When they moved in, the couple spent many evenings discussing plans for their home and the florist shop. Initially, Edgar and Angelica shared all the household expenses. After a few months, Angelica resigned from her full-time job to work in the florists shop. She did not recieve any pay for...

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