First time buyer

Hello

My father passed away nearly 2 years ago and left a will which put his house into trust with instruction to sell and the proceeds be divided between me and 2 siblings. I am an executor, trustee and beneficiary from the sale of the property. Probate has been granted and the house is on the market currently. 

Separate to this, I am in the process of buying a property with my husband. Both of us have not purchased property before so are hoping to get first time buyer relief on stamp duty. 

I have spoken to our solicitor (both probate and the conveyancing) and they have advised that we will still qualify as first time buyers as my late fathers property is not going to be transferring into mine or my siblings names. They also said this is because we are beneficiaries to the proceeds of the sale rather than inheriting shares of the house. 

I have been looking this up as I cannot get my head around it all and want to make sure I am doing everything correctly. 

Would I still be a first time buyer? 

Comments

  • sammyjammy
    sammyjammy Posts: 7,919 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Yes, your fathers property is not and will never be in your name, very sensible man to write his will in this manner.
    "You've been reading SOS when it's just your clock reading 5:05 "
  • Linton
    Linton Posts: 18,115 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    As an executor you are simply the administrator of the estate.  The estate is the "person" who owns and sells the house.
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