House purchase and probate

[MrsWobble3]

We have put in an offer to buy a house. The vendors are in their late 80’s and in poor health. They would like an extended completion to give them time to organise a move. We have been advised against this. What happens if one or both of them die between exchange and completion? Is there anything we should be thinking about? We will ask our solicitors but it would be helpful to be precise in the questions we need to ask.

Well it depends how they hold the property. If joint tenants then you would just proceed with the death certificate. If they are tenants in common then you’d have to wait for probate as there maybe a restriction on title.
What are their plans on completion? If they are not ready to move then shouldn’t market. They can have a month between exchange and completion this is common where buyers are in rental after that unless it’s a new build with completion then the answer is no.

Thanks. That’s helpful.