ChatterBank77 mins ago
Can I Get A Loan On A House Which I Am Waiting For Probate On?
3 Answers
HI, I'm currently waiting to be awarded my parents house through probate and I was just wondering if there was any way I could get a loan against it until it is awarded?
I'm struggling and just need some money to tide me over, it should be straightforward as I am an only child, just need some advice please. Thanks
I'm struggling and just need some money to tide me over, it should be straightforward as I am an only child, just need some advice please. Thanks
Answers
Best Answer
No best answer has yet been selected by Frankieola. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.In the 'good old days' (if they ever existed), where every bank branch had a manager who could make discretionary decisions, you might have been able to convince a lender to grant you a loan based upon what you were due to receive in the near future from a will. However I'd guess that your chances of doing so when everything has to be approved by a computer are as close to nil as would make no difference. (Sorry!)
If you've applied for probate personally (rather than though a solicitor) the whole process should be really quick. (My father died in mid-October and I was driving a car, funded from his estate, before the end of November). If you've made the mistake of going through a solicitor (or if the relevant will named a solicitor as an executor - which is madness) then you need to hassle, hassle and hassle some more, to get them to do the job quickly.
If you've applied for probate personally (rather than though a solicitor) the whole process should be really quick. (My father died in mid-October and I was driving a car, funded from his estate, before the end of November). If you've made the mistake of going through a solicitor (or if the relevant will named a solicitor as an executor - which is madness) then you need to hassle, hassle and hassle some more, to get them to do the job quickly.
-- answer removed --
-- answer removed --
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.