Putting in offers on homes whilst waiting for funds...

pjs493

leamingtonspaceman said:

Well, it turns out I can get a mortgage for the remainder of the purchase if we have the deposit necessary. We would have this if the probate goes through, so it appears that the only sticking point now is waiting for that. 

My fiancées father passed away in September last year but still waiting for the probate to go through... nothing particularly complex about it though.

Depending on who the executor is will be depend on how quickly she received her inheritance after probate is granted. For me, Probate was granted in about seven weeks, I’m also the executor, and the beneficiary so things happened quickly for me. If it’s a solicitor administering the estate, it could be months after Probate is granted before your fiancée receives her inheritance. This is worth taking into consideration. She won’t immediately receive the cash as soon as Probate is granted. 

leamingtonspaceman

pjs493 said:

leamingtonspaceman said:

Well, it turns out I can get a mortgage for the remainder of the purchase if we have the deposit necessary. We would have this if the probate goes through, so it appears that the only sticking point now is waiting for that. 

My fiancées father passed away in September last year but still waiting for the probate to go through... nothing particularly complex about it though.

Depending on who the executor is will be depend on how quickly she received her inheritance after probate is granted. For me, Probate was granted in about seven weeks, I’m also the executor, and the beneficiary so things happened quickly for me. If it’s a solicitor administering the estate, it could be months after Probate is granted before your fiancée receives her inheritance. This is worth taking into consideration. She won’t immediately receive the cash as soon as Probate is granted. 

How long ago did your probate go through?

The backlog now is the worst it's been since 2019 due to the pandemic and other factors. I know co-op legal services are saying 9-12 months.

My fiancée is a joint executor and beneficiary with her sister. My fiancée did it directly with HMRC so there's no solicitor involved.

pjs493

leamingtonspaceman said:

pjs493 said:

leamingtonspaceman said:

Well, it turns out I can get a mortgage for the remainder of the purchase if we have the deposit necessary. We would have this if the probate goes through, so it appears that the only sticking point now is waiting for that. 

My fiancées father passed away in September last year but still waiting for the probate to go through... nothing particularly complex about it though.

Depending on who the executor is will be depend on how quickly she received her inheritance after probate is granted. For me, Probate was granted in about seven weeks, I’m also the executor, and the beneficiary so things happened quickly for me. If it’s a solicitor administering the estate, it could be months after Probate is granted before your fiancée receives her inheritance. This is worth taking into consideration. She won’t immediately receive the cash as soon as Probate is granted. 

How long ago did your probate go through?

The backlog now is the worst it's been since 2019 due to the pandemic and other factors. I know co-op legal services are saying 9-12 months.

My fiancée is a joint executor and beneficiary with her sister. My fiancée did it directly with HMRC so there's no solicitor involved.

I applied mid December 2023 and was granted at the end of January 2024 (so Christmas and New Year bank holidays, and employee leave presumably, coincided with much of my time frame). 

Backlogs are not worse now than they were during the pandemic. If you head over to the death and probate board, there is an ongoing thread that publishes frequent updates on time frames. The Coop Legal time scales you quote are massively over exaggerated. 9-12 months might be the case for a complex case when solicitors are involved, but it shouldn’t take anywhere near that length of time for a straightforward case with the executor(s) applying themselves. 

Your fiancée should have applied to HMCTS Probate, HMRC only need to be involved if IHT is due. In which case the executor fills in a form for HMRC first and declares the IHt due before applying for Probate. Presumably IHT applies in this case if HMRC have been notified. As the sole beneficiary of my husband’s estate IHT exemption applied in my case which cut out the HMRC element. I only needed to contact HMRC to deal with my late husband’s tax returns and they were notified of his death via the Tell Us Once service.  

FlyMeSomewhere79

When we made an offer on our house last year, we had to have proof of funds such as a mortgage offer before the agents would take it off the market.

What you may find is that she's allowed to make offers in principle but the houses stay on the market until she definitely has the funds.

leamingtonspaceman

pjs493 said:

leamingtonspaceman said:

pjs493 said:

leamingtonspaceman said:

Well, it turns out I can get a mortgage for the remainder of the purchase if we have the deposit necessary. We would have this if the probate goes through, so it appears that the only sticking point now is waiting for that. 

My fiancées father passed away in September last year but still waiting for the probate to go through... nothing particularly complex about it though.

Depending on who the executor is will be depend on how quickly she received her inheritance after probate is granted. For me, Probate was granted in about seven weeks, I’m also the executor, and the beneficiary so things happened quickly for me. If it’s a solicitor administering the estate, it could be months after Probate is granted before your fiancée receives her inheritance. This is worth taking into consideration. She won’t immediately receive the cash as soon as Probate is granted. 

How long ago did your probate go through?

The backlog now is the worst it's been since 2019 due to the pandemic and other factors. I know co-op legal services are saying 9-12 months.

My fiancée is a joint executor and beneficiary with her sister. My fiancée did it directly with HMRC so there's no solicitor involved.

I applied mid December 2023 and was granted at the end of January 2024 (so Christmas and New Year bank holidays, and employee leave presumably, coincided with much of my time frame). 

Backlogs are not worse now than they were during the pandemic. If you head over to the death and probate board, there is an ongoing thread that publishes frequent updates on time frames. The Coop Legal time scales you quote are massively over exaggerated. 9-12 months might be the case for a complex case when solicitors are involved, but it shouldn’t take anywhere near that length of time for a straightforward case with the executor(s) applying themselves. 

Your fiancée should have applied to HMCTS Probate, HMRC only need to be involved if IHT is due. In which case the executor fills in a form for HMRC first and declares the IHt due before applying for Probate. Presumably IHT applies in this case if HMRC have been notified. As the sole beneficiary of my husband’s estate IHT exemption applied in my case which cut out the HMRC element. I only needed to contact HMRC to deal with my late husband’s tax returns and they were notified of his death via the Tell Us Once service.  

Yep, she did all those things.

There's a probate thread on these forums. Some people are getting it through in about three weeks, others have been waiting since as far back as September, much like my fiancée.

I told her to contact our MP. Looking at that probate thread, that's what some have done and it's helped move things along.