Hi everyone, I've been a member for a while now but I haven't been active so please bare with me whilst I navigate around this site again. I want to go down the road of sourcing and have found the information on here to be very helpfull.

My good friend, I've known her over 20 years has asked me to help her with a property she inherited but I'm having difficulty and wondered if anyone had any ideas as to how to get round this.

Her father passed away and left her the house she grew up in, in his will, a few months later her grandmother also passed away and that's when she found out that her father's name was not on the deeds, everything was in her grandmother's name but she did not leave a will. The bank has told her to sell it or it will be repossessed. She has an offer on it but she now wants to buy it as a BTL.

We have been advised the following:- that she needs to acquire the right to purchase it, even as a BTL she needs proof of her income but as she is on maternity leave without maternity pay and can't prove an income the property has to go through probate and it's likely that the judge will honour her fathers will and give her the right to purchase it without a deposit due to the amount of equity in it.

It's a 3 bed freehold house in Catford valued at 270 with outstanding debts of 150, it's been empty for 18 months. She doesn't feel she has the mental strength to go through probate. She currently rents the property she lives in.

Does anyone have any ideas as to how I can help her.

many many thanks

Hi Elaine,

Here is something that will help you navigate through the site. Your post will most like generate more replies if you re-post it in our General Property Related Chat.

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Welcome to the Property Tycoons Community forum! If you are looking for the biggest and most successful community of property investors who find and buy bargain properties using little or none of their own money then you've definitely come to the right place.

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I wish you the very best with your property business and continued success.

__________________
Tycoon Forum Support
Vadesha Properties Ltd

Welcome to the forum.

It is genuinely full of diverse resources and knowledge. It is the right place to start if you wish to complement your knowledge or, if you are more experienced, to take the next step in your property business. I am a Solicitor and I act for many investors here on the forum and I can be of any assistance to you then please do not hesitate to contact me.

Many thanks

Paul

Email: paul.gelder@ms-law.co.uk
Tel: 0161 772 4500
Web: Property & Litigation Legal Services, Manchester // MS Law

Dear Elaine,

Your friend may be best advised for a friend of theirs to buy this using PJTFinance, perhaps as a subsale.
Your friend then holds a declaration of trust, declaring apportionment of property shares, perhaps 90%/10% or simply allowing the option to buy the title holding friend out for a small consideration sum in the near future.
HTH,

Phil

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