https://purchasecircle.co.uk/

Purchase Circle – The Property Buyer

CALL US TODAY

01723 313100

Selling an inherited house?

Get your funds in 7 - 28 days

Guaranteed sale on any property

Receive funds in 7 - 28 days

Cash offer in 24 hours

ICO Registered Company
Property Redress Scheme
RLNI Lifeboat Supporters

OUR PROCESS

We’re completely transparent throughout the process of buying your home.

STEP 01
Call or fill out an online form

Call us on 01723 313100 or fill in your details via our online form.

STEP 02
Receive offer

Upon receiving the information about your property, we can extend an offer within 24 hours.

STEP 03
Agree the sale
The sale will be agreed! Sit back, relax, and let us take care of all the work.

Cash offer in 24 hours, no legal fees, any location.

See the difference between traditional estate agents and
We Buy Any Home

Estate Agents
Original advertised price
£125,000
N/A
Agreed Sale Price
£119,500
£104,000
Price after Agent fees
£117,707
£104,000
Price after Solicitor fees
£116,207
£104,000
Price after utility bills
£112,457
£104,000
Price after council tax
£110,957
£104,000
Price after mortgage costs
£103,757
£104,000
Final amount you get
£103,757
£104,000

Cash offer in 24 hours, no legal fees, any location.

Let us help streamline the process

The loss of a loved one brings not only grief but also the responsibility of handling their inheritance. In the event that a deceased individual leaves behind property, the beneficiary must make choices regarding its disposition. Dealing with an inherited property becomes a reality after the passing of a relative or friend. In such situations, you have a range of options at your disposal, one of which is the potential sale of the property.

Reasons to use Purchase Circle

Estate Agents

Estate Agent Fees
Solicitor Fees
Multiple Viewings
6-12 Months Completion
Late Price Negotiations
Sale Chain Collapse
Purchase Circle Logo
Cash Offer in 24hrs
Guaranteed Sale
Receive Funds in Weeks
Absolutely No Fees

Cash offer within 24 hours, no legal fees, any location.

Selling property after a divorce

In such situations, there are several options available, one of which is selling the inherited property. However, selling an inherited home can be a lengthy and complex process, involving the consideration of numerous factors, all while dealing with the challenges of a difficult period. The assistance you receive can play a vital role in easing the burden during this emotionally challenging phase of bereavement.

Before you embark on the process of selling an inherited property, it's imperative to clarify the last wishes of the deceased. Reviewing the Will is a crucial first step in understanding how the estate is to be distributed as per the deceased's intentions. A Will simplifies the legal aspects of inheritance, as it substantiates your claim to the property. You cannot sell an inherited house without demonstrating that it was bequeathed to you.

It's also essential to determine if the deceased named an executor, the person responsible for managing the estate. A Will can help mitigate disputes, particularly in the case of a family home where multiple individuals may have legitimate claims. If the deceased didn't specify the whereabouts of the Will, contacting their solicitor is advisable.

Probate is a legal process that grants an executor the authority to manage the estate of a deceased individual. As an executor, you must apply for probate in order to sell an inherited home. This authorization bestows upon you additional rights, such as access to the deceased person's bank accounts. It is also the means by which an executor calculates the estate's value, an essential component of the probate process.

The duration of probate can vary, spanning from several weeks to up to 12 months, although having a Will in place can streamline the procedure. You have the option to apply for probate independently or seek the assistance of a solicitor. It's important to note that probate is unnecessary in cases of joint ownership. When a spouse, civil partner, or any other relative holds shared ownership of the property, the portion owned by the deceased automatically transfers to the surviving party.

If you are not a spouse, civil partner, or a direct descendant of the deceased, you may be subject to inheritance tax if the total value of the estate surpasses £325,000. However, it's important to note that this tax is not levied when a spouse or civil partner is the beneficiary of the estate. In the case of direct descendants, such as children, grandchildren, and step-children, inheritance tax applies to property valued above £450,000.

If you're looking to sell your inherited home quickly, we offer a straightforward and hassle-free solution. To get started, simply reach out by entering your details. We can provide you with a free, no-obligation cash offer for your house. Our offer is not generated by an online valuation tool but is based on actual sale prices of similar properties in your area. This offer can then be verified through an in-person property valuation.

Cash offer within 24 hours, no legal fees, any location.

Areas We Service

We buy property all around the UK, but popular areas are Humberside, Yorkshire, Durham and surrounding area’s

Aberdeen

Leeds

Preston

Birmingham

Leicester

Sheffield

Bradford

Liverpool

Stoke

Cardiff

London

Sunderland

Doncaster

Manchester

Swansea

Edinburgh

Newcastle

Wigan

Glasgow

Nottingham

Cash offer in 24 hours, no legal fees, any location.

FAQ's

In the UK, there is no specific time limit for selling an inherited property. The primary requirement is to inform HMRC if the inherited home becomes your main residence, and you have up to two years to make this declaration.

While there is no set timeframe for selling, it’s common for the process to be more intricate and susceptible to delays when dealing with inherited properties. If you’re looking to sell your house quickly, consider reaching out to We Buy Any Home today. We have assisted numerous customers in selling inherited properties within timeframes that align with their requirements. You can receive a cash offer online today to initiate the process with us.

Capital Gains Tax (CGT) may apply when selling an inherited property if its value has increased from the time of inheritance to the point of sale. The taxable amount is the difference in values.

However, you are exempt from CGT when selling an inherited property if you are using it as your primary residence. CGT is typically only levied on properties that are not your main home. Thus, if you choose to live in the inherited property and sell your original residence, you would potentially be liable for Capital Gains Tax upon selling the latter.

If you’re seeking to sell your inherited property swiftly and require guidance, the We Buy Any Home team is ready to assist. We offer a hassle-free and efficient approach to help you sell the inherited property. You can get started by obtaining a free cash offer today.

One of the most straightforward ways to divide an inherited property among siblings is to sell it. The sale proceeds can then be distributed among the siblings as outlined in the will, with each receiving their designated percentage share if specified.

If you’re considering selling an inherited property and require assistance, we can aid both individuals and family groups in this process. We cover your legal expenses and work with a team of reputable solicitors who can guide you through the process. To determine the value of your inherited property, simply request a cash offer today.

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