Have also posted in property but actually realised it is probably better here - sorry for the duplication.
We would like to buy a house in a very sought after village near us. The owner of the house is a family friend, very elderly, very practical and sadly very unwell. At the moment they are 'getting their finances into order' - having their house valued etc - as I said, they are eminently sensible and organised and still mentally sharp. Their estate is going to be left to charity and they did draw some of the equity out of their house a few years ago.
Are we able to approach them and offer to pay for first refusal on their house? Obviously we are expecting to pay the market value. I wouldn't even consider asking this if I thought it would distress or offend them. I actually think they might be quite pleased that their home would be lived in by a young family that they know.
Clearly this is all hugely distasteful and mawkish but does anyone know what the legal position is in this sort of situation? I think essentially the bank will be owed money because of the equity release years ago but there will be equity still on the property which will go to the charities.
Thanks.
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Are we able to get 'first refusal' on a house which will be coming onto the market?
18 replies
RebeccaH879 · 23/02/2016 06:12
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