Maybe a silly question on probate but..

Inforapennyinforapound

Sorry if this question has an obvious answer but Mother passed away only last week and i am dealing with the estate etc. My head is spinning a little.
Matters are very simple. She has savings and a flat which she owns (albeit a small equity release mortgage on it).
I am awaiting probate forms. There will be no IHT total is well below the threshold.

All i need to know is that when probate is granted me and my sibling will sell the flat. I have the deeds and it is registered with Land Registry.
When probate is granted do we need to inform Land Registry or will we be able to market it immediately as if we are now the owners.
A simple will was left and me and sibling are beneficiaries/executors.

Thank you. (Cant think straight at present)

Yorkshireman99

Inforapennyinforapound wrote: »

Sorry if this question has an obvious answer but Mother passed away only last week and i am dealing with the estate etc. My head is spinning a little.
Matters are very simple. She has savings and a flat which she owns (albeit a small equity release mortgage on it).
I am awaiting probate forms. There will be no IHT total is well below the threshold.

All i need to know is that when probate is granted me and my sibling will sell the flat. I have the deeds and it is registered with Land Registry.
When probate is granted do we need to inform Land Registry or will we be able to market it immediately as if we are now the owners.
A simple will was left and me and sibling are beneficiaries/executors.

Thank you. (Cant think straight at present)

The transfger can be done by the conveyancing solicitor. They will need the probate to do so.

Inforapennyinforapound

Thanks so much yorkshiretypeperson!
So i dont need to get it transferred into my name first or anything silly like that? Just market it and the transfer can be done from my Mothers name to the new owner with the probate?
My first dealings with an estate,so thanks

Yorkshireman99

Inforapennyinforapound wrote: »

Thanks so much yorkshiretypeperson!
So i dont need to get it transferred into my name first or anything silly like that? Just market it and the transfer can be done from my Mothers name to the new owner with the probate?
My first dealings with an estate,so thanks

No need. The sale and change of owner can be done in one step.

getmore4less

You can get on with getting ready to market now.
You need valuations for the forms anyway so use those to decide on who you want to use.

you can go live now but often best to wait till you have got the forms ready to send and a better idea of time scales.

clearing and staging often use up that time anyway.


Contrary to what many think you can go as far as exchanging contract without the grant but that is NOT recommended for loads of reasons.

Inforapennyinforapound

getmore4less wrote: »

You can get on with getting ready to market now.


clearing and staging often use up that time anyway

Thanks for helpful reply but didnt get this bit ^^^

Inforapennyinforapound

Aha, i understand. Clearing the house and 'staging' means have it nice for viewings?

Yorkshireman99

Inforapennyinforapound wrote: »

Aha, i understand. Clearing the house and 'staging' means have it nice for viewings?

Yes. But sometimes a well furnished house will sell better.

getmore4less

Staging include furniture, made up beds etc.