Eligible for Help to Buy ISA if you've inherited a property?
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Oakeshott
Posts: 67 Forumite
I'm looking to buy my first home soon and my partner and I are trying to save for a deposit. I would like to set up a Help to Buy ISA for that purpose, but I'm not sure I'm eligible because many years ago when I was a teenager I inherited part of a property from a family member who passed away, which was sold immediately after their death.
I spoke to my bank on the phone and they didn't seem sure if I was actually eligible or not and said something about 'If you were never on the deeds then you are still eligible...' (I'm fairly certain I was never put on the deeds, but I don't know how to check). Does anyone know the rules on this and whether I would be eligible?
I spoke to my bank on the phone and they didn't seem sure if I was actually eligible or not and said something about 'If you were never on the deeds then you are still eligible...' (I'm fairly certain I was never put on the deeds, but I don't know how to check). Does anyone know the rules on this and whether I would be eligible?
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I really can't remember. I was still a teenager and wasn't the one handling everything. I know I was named in the will and that the property was sold off before long, but I recall everything being handled by a solicitor, so I'm wondering if there was some kind of trust set up.0
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[FONT=Verdana, sans-serif]Unless you investigate it further you are never going to know whether you had a beneficial interest in the property.[/FONT]
[FONT=Verdana, sans-serif]From what you say I would be inclined to think the property was sold by the estate and you did not become a beneficial owner so answer the question about past ownership as “no”.[/FONT]0 -
If you were a minor at the time you certainly would not have appeared on the deeds.0
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