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  • FIRST POST
    • EllBe
    • By EllBe 10th Nov 18, 11:26 AM
    • 3Posts
    • 0Thanks
    EllBe
    Inhibitions house sale
    • #1
    • 10th Nov 18, 11:26 AM
    Inhibitions house sale 10th Nov 18 at 11:26 AM
    Can you sell your house if there are inhibitions on it but the sale will cover the debt? If so how long would it take to lift the inhibitions?
Page 1
    • p00hsticks
    • By p00hsticks 10th Nov 18, 11:38 AM
    • 6,780 Posts
    • 7,414 Thanks
    p00hsticks
    • #2
    • 10th Nov 18, 11:38 AM
    • #2
    • 10th Nov 18, 11:38 AM
    For clarity, are you in Scotland ? (I think inhibition in regards to property ownership and debt is a Scottish legal term - in England we'd talk about putting/having a charge on a property)
    • EllBe
    • By EllBe 10th Nov 18, 11:39 AM
    • 3 Posts
    • 0 Thanks
    EllBe
    • #3
    • 10th Nov 18, 11:39 AM
    • #3
    • 10th Nov 18, 11:39 AM
    Yes in Scotland. The solicitor has applied to have it lifted.
    • davidmcn
    • By davidmcn 10th Nov 18, 11:41 AM
    • 10,447 Posts
    • 11,431 Thanks
    davidmcn
    • #4
    • 10th Nov 18, 11:41 AM
    • #4
    • 10th Nov 18, 11:41 AM
    Yes, an inhibition is a Scottish thing, basically means the creditor has priority if you try to sell/mortgage your property. No real complications for a sale if there's enough money to cover what you owe, your solicitor gets a settlement figure and sorts out getting the creditor to sign a discharge.
    • EllBe
    • By EllBe 10th Nov 18, 11:43 AM
    • 3 Posts
    • 0 Thanks
    EllBe
    • #5
    • 10th Nov 18, 11:43 AM
    • #5
    • 10th Nov 18, 11:43 AM
    Thanks that’s settled my mind as there is an offer.
    • G_M
    • By G_M 10th Nov 18, 1:18 PM
    • 47,372 Posts
    • 57,827 Thanks
    G_M
    • #6
    • 10th Nov 18, 1:18 PM
    • #6
    • 10th Nov 18, 1:18 PM
    We have inhibitions in England too.
    • Slithery
    • By Slithery 10th Nov 18, 1:28 PM
    • 1,326 Posts
    • 2,065 Thanks
    Slithery
    • #7
    • 10th Nov 18, 1:28 PM
    • #7
    • 10th Nov 18, 1:28 PM
    Not in my house we don't.
    • Sibz
    • By Sibz 10th Nov 18, 11:53 PM
    • 304 Posts
    • 214 Thanks
    Sibz
    • #8
    • 10th Nov 18, 11:53 PM
    • #8
    • 10th Nov 18, 11:53 PM
    We have inhibitions in England too.
    Originally posted by G_M
    Get a couple o whisky's doon ye, that'll get rid of them
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