If I inherit a Holiday Lodge does that now stop me from being a first time buyer?

I jointly inherited a holiday lodge with my two brothers, the lodge is currently in the name of my late aunts estate and is being sold, so my question is does that stop me from being considered a first time buyer now?

Comments

  • SeanG79
    SeanG79 Posts: 977
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    Just a layman but I would say, not if it is sold by the Estate. You are receiving proceeds from the Estate in cash as opposed to the property where you would be named on the title deeds,  but I am sure more knowledgeable members will be along soon. 
  • user1977
    user1977 Posts: 13,370
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    If it's being sold by the executors then what you're inheriting is the cash, so no, it isn't relevant (leaving aside any question of whether a holiday lodge might constitute a "major interest in a dwelling" in stamp duty terms).
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