Executor excluding benificiary

marksoton

LellSasha wrote: »

The mortgage has not been resolved.
I was paying the mortgage up until the house went on the market. We were then given permission to stop paying the mortgage and it would just be taken out of the money from a sale.
My offer covers paying that outstanding mortgage and giving the brother theyre equal share of the houses value.

Woah. You've been paying someone else's mortgage?

LellSasha

AdrianC wrote: »

There's already been eight months since probate.



Really? That's about the first step of a purchase.



OK, now my alarm bells are ringing on this money. Can you give any more details?

its a bridging loan ..all legal and legit..the mortgage advisor and the lender have worked together to finance the pay out of the brothers and mums mortgage. The mortgage advisor has already found a mortgage/mortgage provider for me and all thats required are 3 months worth of full time payslips. So far I only have one. So the lender is providing the finances for me to buy mums house until my own mortgage can be provided in months time to pay back the loan and I continue from there... I have been credit checked and surveyed and all sorts all that theyre waiting for is this final fee and the money will be deposited and a solicitor in place to sort all the legal documents....

LellSasha

marksoton wrote: »

Woah. You've been paying someone else's mortgage?

yes. should I not have been?
the execs said we had to until we got our own mortgage together or the house be sold..

missbiggles1

harz99 wrote: »

LellSasha, can you read post 6 and answer the question please.


That way you will get some objective advice.

And post #4.

AnotherJoe

marksoton wrote: »

Woah. You've been paying someone else's mortgage?

In place of rent.

LellSasha

missbiggles1 wrote: »

And post #4.

I have answered #4 and #6

My offer is around about the same...we cannot be sure until the buyers submit a final offer...if they drop their offer my offer will be more

the will states they they are to hold it in trust to retain or sell...

missbiggles1

LellSasha wrote: »

I have answered #4 and #6

My offer is around about the same...we cannot be sure until the buyers submit a final offer...if they drop their offer my offer will be more

the will states they they are to hold it in trust to retain or sell...

So at the moment your offer is less (why should the others drop theirs?). Executors are supposed to maximise the estate so they really shouldn't be considering selling it to you for a lower price than they can get elsewhere.

marksoton

LellSasha wrote: »

its a bridging loan ..all legal and legit..the mortgage advisor and the lender have worked together to finance the pay out of the brothers and mums mortgage. The mortgage advisor has already found a mortgage/mortgage provider for me and all thats required are 3 months worth of full time payslips. So far I only have one. So the lender is providing the finances for me to buy mums house until my own mortgage can be provided in months time to pay back the loan and I continue from there... I have been credit checked and surveyed and all sorts all that theyre waiting for is this final fee and the money will be deposited and a solicitor in place to sort all the legal documents....

LellSasha wrote: »

yes. should I not have been?
the execs said we had to until we got our own mortgage together or the house be sold..

Wow. This is a mess.

LellSasha

If the shoe was on the other foot, wouldn't you be pushing for a resolution?[/QUOTE]


Am i not offering a resolution if I want the house and they want the money and it can all be done before this sale completes?

marksoton

AnotherJoe wrote: »

In place of rent.

The two are very different. Making payment on another persons consideration....?

I'll be honest, i haven't a clue what's going on here!