Compare conveyancing prices is usually something that you want to do when you decide to sell and/or buy a property. It is a good idea and could save you lots of money.
What happens when you inherit a property? What can you do with it? Can you sell it?
It really depends on the property itself and on any restrictions that have been placed on it. Conveyancing solicitors may be required, but it does depend on what you plan to do with the property. If you decide to rent or sell a property that you have inherited you may find that you will need to pay tax on any profit that you make. This can be costly, but if the house has enough equity in it then it might be the easiest option in the long run.
Compare conveyancing and instruct an estate agent to take on the work. However, if you choose to keep the property and you live in your own property, you will need to nominate one of the two houses as your main home. This is for tax purposes, as you can only claim relief from capital gains tax on your main home. It could be that you inherit a property with someone living in it. Their right to remain within the property could be set out in the will of the person who left you the property; and if not, you will need to discuss with them what you plan to do with the property. If they are a tenant, you will have certain responsibilities and their legal rights will need to be considered.
When you buy or sell a property, it is essential that you compare conveyancing prices or you could be paying more than you need to.
Come to Conveyancing Index’s useful website at https://www.conveyancingindex.co.uk and find the best deals.
If you need to get in touch, please call us on 0203 874 2020