Buying a house owned by Trustees

[Gilmoregirly]

Hi, we are hoping to buy a house owned by trustees if a trust of a deceased person. Basically her 3 children. Only one of the children seems to be incharge like contact img estate agents etc. How do we ensure that all 3 children agreed for the sale legally please? What if after the sale one come back and say that they didn’t agree.

Well after the sale, they won't be able to.

It is quite normal for one person to be the contact point.
Why do you think they wouldn't agree ?

Ultimately your solicitors deal with making sure things go through 'properly'

We purchased our house off of a trust, in our case all had fo sign in order to exchange.

There’s no backsies when selling a property!

If all 3 children are Trustees then all 3 children will have had to have agreed to it being put on the market. It makes sense for one sibling to be the main contact, especially as it’s usual for all Trustees to live locally. In my experience, there’s usually one who still lives nearby and they do everything, bringing in documents, the bulk of organising for the property to be sale ready, chasing their siblings etc and the others are contacted only when it’s contract signing time - and of course, to get their money!

thanks @Kite22 @Marchitectmummy @SteakExpectations Since this is the first time we are buying a house owned by trustees I was wondering if there are any chances for a fraud. Like one person selling without telling others, is there any extra checks our solicitors have to do to ensure that all 3 are ok for the sale?

We have sold a property in trust. All trustees have to sign to consent to the sale during the selling/purchase.

@Bananas52 is this a document that we can see from the solicitors please

Isn't this exactly why you involve solicitors in a house purchase? They will check everything is being done properly.

its your & their solicitors job to ensure this - if they dont then they are negligent

If it makes you this anxious, look for another house, because the whole process will age you. Otherwise just trust your solicitor to do the conveyancing.

If you actually think about it, a trust is more clear cut and formalised than a lot of standard probate sales with sibling groups inheriting.

We bought a house that was owned by a Trust. Solicitor sorted everything. Completion was delayed though as one of the Trustees lived abroad. So made offer in February but didn't move in until end of June.

Others have already answered what I was going to say.

This is what you are paying your solicitors for. I can't see there is anything you need to be anxious about.

Trust your solicitors - worrying about this is what you pay them for (and can sue them for it they get it wrong)

That’s what you pay a solicitor for, but as others have said, after the sale goes through, not your problem.

Your really overcthinking this. It’s no different to buying from joint tenants, or tenants in common. Everyone has to sign and the solicitor will make sure they do.