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Can you get a mortgage if the deposit is tied up in probat

(9 Posts)
Beeswax2017 Thu 29-Sep-16 19:40:36

Message withdrawn at poster's request.

Beeswax2017 Thu 29-Sep-16 19:40:49

Message withdrawn at poster's request.

Hufflepuffin Thu 29-Sep-16 19:53:22

If you have the grant of probate its your house so it's exactly the same as if your deposit was tied up in a property you were selling yourself. The conveyancer for your
Mother's house should be able to explain it. I'm sorry for your loss.

Beeswax2017 Thu 29-Sep-16 19:56:35

Message withdrawn at poster's request.

Hufflepuffin Thu 29-Sep-16 20:06:40

It should still be the same, as long as there's enough value in the estate.

PigletJohn Thu 29-Sep-16 20:22:39

Ask yourself a different question:

"Have you got the money for a deposit?"
"When will you?"

The answer to the second question is, unfortunately, "I don't know"

anotherdayanothersquabble Thu 29-Sep-16 20:42:24

But same as if you were selling your own house. It's a chain. Once your house sells you can pass the deposit up the chain. The only difference is that you don't have to wait to have something to buy before the sake happens.

Hufflepuffin Fri 30-Sep-16 08:04:35

We bought a house with the proceeds of the sale of my father's house. The offer was accepted and mortgage offer given before the house was sold (sale agreed) but if we did again we'd have waited until we had exchanged on dad's house.

Closetlibrarian Fri 30-Sep-16 15:13:01

We got a mortgage on our house when our deposit was still tied up in probate. It was a bit more complicated than your situation as the inherited money wasn't coming from a house sale (but the settling of a very complex trust). We got the mortgage fine - I think at some point a letter was required from the probate solicitor declaring that the money was there and would be in hand by a certain date. It helped that one of us was executor of the will. But for a long time everyone (EA, mortgage broker, etc) was happy to just take our word for it that we had the deposit - they asked worryingly few details, in fact!

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