In most cases, yes. Probate is often required to legally transfer the property’s ownership from the deceased to their beneficiaries or executor. Before you can sell a home that has been left to you in someone’s will, you will need to apply for a ‘grant of probate.’
This document can take up to 12 weeks however, if you want to list the home beforehand you can.
Unfortunately, it is not possible for the sale to complete without the probate so it might be worth thinking about this before proceeding if you think the sale will go through quickly.
The executor or administrator of the deceased’s estate is typically responsible for handling the sale of the property, following the instructions outlined in the will or according to intestacy laws.
We will get on one of our experts to come and value the property, they will then offer you a price based on the current market value.
Any outstanding mortgage or debts secured against the property will need to be settled from the sale proceeds before distribution to beneficiaries.
Selling inherited property may have tax implications such as inheritance tax or capital gains tax. Seeking advice from a tax professional is advisable to understand potential liabilities.
Yes, it’s important to notify the mortgage lender about the death to prevent any issues or complications during the sale process. This also speeds things up. Having everyone up to date and aware of your circumstances as early as possible stops things being delayed.
