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mortgage to purchase siblings share of house - property has equity release loan
Comments
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That makes is easier, just requires to two of you to agree.
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it can get confusing, the way to think of it is you are buying hte house off the estate as you like you would any other purchase.
As executor(legally a different version of you) you sell the house like you would any other sale.
The crinkle being mentioned is what is known as self dealing(exec selling to themselves) in practice if done somewhat at arms Length with the Estate getting valued properly and the purchase at agreed amounts with the other beneficiaries it is OK.1
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