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Help please with probate/ Letters of Administration claim
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Have you informed the sibling who currently rents, what this is going to mean to him when he buys his first home? Is there any chance that the sibling who lives there could buy his share out?1
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Keep_pedalling said:Have you informed the sibling who currently rents, what this is going to mean to him when he buys his first home? Is there any chance that the sibling who lives there could buy his share out?
I raised the affordability ( for mortgage purposes) of the sibling who will reside in the 'tied' property because agricultural workers who qualify tend to be poorly paid. OP did not respond.
Perhaps the thinking is that a buy out is unnecessary since all the non occupying siblings ( including the one in rental accommodation) will be happy with the status quo even if it means only one of them ever receives any effective lifetime benefit from the inherited property.
I suppose for the majority of us this seems perhaps a curious outcome, but the OP's family dynamics may well diverge from the norms we are accustomed to.0
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