Help to buy and inheritance

the_shreksta

My wife and I used the help to buy scheme to buy our 1st house 4 years ago. At the time and currently it is our only property, in the not so distant future we will be inheriting her fathers house and we are not sure if this is breaking the terms of the help to buy scheme.
We can't help inheritance its a normal way of life.
the terms of the help to buy state you cannot own another home when buying a house on the help to buy scheme. It says nothing about inheritance in the future.

Any ideas?

The help to buy we used was the 20% loan from the government.
I'm pretty sure there will be enough money in his estate to pay off our the 20% of the loan but ideally we wanted that for other things.
we would like to rent his house out however it needs alot of modernisation and tidying up.

Regards

the_shreksta

anybody got any idea?

Keep_pedalling

You are being very much ahead of yourselves here. There is no actual guarantee that you will inherit the house, his could leave it to the cats home, or if the house becomes unsuitable  it may be sold before he dies to for somewhere more suitable or to pay for care fees.

Have you really thought trough the idea of renting out a property that needs a large amount spent on it to get it into a fit state that someone would actually want to live in it?