trust/beneficial interest

[auntsallyann]

if someone gifted you some money to enable you to pu tdown a deposit for a house (house/mortgage registered in your sole name)would this entitle them to a benefical interest/trust in the property.

[Barmaid]

If it was a gift, no. If it was given on some other terms it may be. However, it is for the person alleging a beneficial interest which is contrary to the legal title in the property to prove it.

[auntsallyann]

thanks Barmaid, would it be the same if someone had sold you the house cheaper than the current market value, would that give them an interest.

[Ethel]

Only if the INTENTION that they should retain a monetary interest was there from the outset.

Otherwise, no.

[auntsallyann]

thanks Ethel, there was never any agreement either verbally or in writing. But the person who gifted is trying to say there was a verbal agreement.