We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Do we need 2 move twice?

Ok, bit complicated, we are living in my late mother's house that needs to be sold and then split 4 ways. 

We wanted to use our share as a deposit for our own place. Is there any way to tie in the sale/purchase. 
If it helps we have received the grant of probate. Thanks in advance

Comments

  • GDB2222
    GDB2222 Posts: 26,935 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    If you can exchange and complete on the same day, that might work.

    Otherwise, would it cost a fortune to get your stuff put into storage for a while and move into an Air BnB type of accommodation? 

    Finally, since I guess you are holding up the sale on your mum's house, would one of the other owners agree to buy you out of your share or advance you some cash against it? 


    No reliance should be placed on the above! Absolutely none, do you hear?
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Yes, basically it's a chain sale/purchase.

    It's just that your solicitor will only use 25% of the sale price towards your purchase, and disburse the other 75% to the other beneficiaries.
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
  • 354.3K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.2K Work, Benefits & Business
  • 603.9K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K 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.