PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Exchange/completion

13

Comments

  • Probate was required when the parents died, to enable the property to be transferred to the 'kids', now one of the 'kids' have died, probate is needed for them.

    Ask the estate agent to find out what the position is of probate for the deceased son. Then come back and let us know.
    Mortgage started 2020, aiming to clear 31/12/2029.
  • your solicitors need to get an indemnity insurance on limited title of it’s sold on probate
  • Your solicitor will be in contact once there's tangible developments to discuss. What's the position of the vendor? That will have a major bearing on how matters progress. 
    Just putting it out there - completely disagree!

    At least for us, progress happened on things that were already in possession of the solicitor AFTER we'd chase them. It also seems quite common from reading about other peoples house buying experiences, chase chase chase. Do not sit around for weeks waiting on them to get back to you - you will be at the back of the queue.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Your solicitor will be in contact once there's tangible developments to discuss. What's the position of the vendor? That will have a major bearing on how matters progress. 
    Just putting it out there - completely disagree!

    At least for us, progress happened on things that were already in possession of the solicitor AFTER we'd chase them. It also seems quite common from reading about other peoples house buying experiences, chase chase chase. Do not sit around for weeks waiting on them to get back to you - you will be at the back of the queue.
    I'm sure that you wouldn't mind someone telling you how to do your job properly.  ;)
  • badger09
    badger09 Posts: 11,568 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    tervozina said:
    your solicitors need to get an indemnity insurance on limited title of it’s sold on probate
    ?????????
  • badger09
    badger09 Posts: 11,568 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    OP

    Your first step is to establish that Probate (x 2!) has been granted.
  • badger09 said:
    tervozina said:
    your solicitors need to get an indemnity insurance on limited title of it’s sold on probate
    ?????????
    When house is sold on probate there is a limited title therefore you need to get insured on that in case someone in the future could claim that house belongs to them
  • Slithery
    Slithery Posts: 6,046 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    edited 9 December 2020 at 8:38PM
    tervozina said:
    badger09 said:
    tervozina said:
    your solicitors need to get an indemnity insurance on limited title of it’s sold on probate
    ?????????
    When house is sold on probate there is a limited title therefore you need to get insured on that in case someone in the future could claim that house belongs to them
    Absolute rubbish, plenty of probate transactions have full titles. It's not unheard of to have a probate sale with a limited title, but then neither is it unheard of for a non-probate property to have one as well. The probate has absolutely no relevance.
  • badger09
    badger09 Posts: 11,568 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Slithery said:
    tervozina said:
    badger09 said:
    tervozina said:
    your solicitors need to get an indemnity insurance on limited title of it’s sold on probate
    ?????????
    When house is sold on probate there is a limited title therefore you need to get insured on that in case someone in the future could claim that house belongs to them
    Absolute rubbish, plenty of probate transactions have full titles. It's not unheard of to have a probate sale with a limited title, but then neither is it unheard of for a non-probate property to have one as well. The probate has absolutely no relevance.
    Agreed

    I sold a Probate property as Executor 2 years ago. Id definitely had full title and no indemnity insurance was either required or requested.
  • ccfc1972
    ccfc1972 Posts: 166 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    We accepted an offer in July and still have not completed.
    I agree about chasing solicitors...if you don't, nothing gets done very quickly. It's only since I have been chasing them that things are finally nearing an end (hopefully)
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.4K Banking & Borrowing
  • 252.9K Reduce Debt & Boost Income
  • 453.3K Spending & Discounts
  • 243.4K Work, Benefits & Business
  • 598K Mortgages, Homes & Bills
  • 176.6K Life & Family
  • 256.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.