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How To Split Inherited Property in the UK?

Property Saviour » Inherited Property » How To Split Inherited Property in the UK?

Dividing an inherited property among siblings can be a complex and emotionally charged process in the UK. Here’s a concise guide on how to split inherited property fairly and efficiently under British law.

The fairest way to divide an inheritance is to precisely follow the deceased’s Will instructions. If no specific instructions exist, siblings should discuss their preferences openly and aim for a mutually agreeable solution.

Table of Contents

How to Split Inherited Property Between Siblings in the UK?

Review the Will to understand each sibling’s allocated share of the property:

  • Selling the property and dividing the sale proceeds
  • One sibling buying out the others’ shares
  • Renting out the property and sharing the rental income
  • Reaching a private arrangement (e.g., one takes the house, another takes a second home).

 

If no agreement is reached, the property may need to be sold, even if some siblings wish to keep it.  This table provides the pros and cons for each option:

Option

Pros

Cons

Selling

Clean break, equal division

Lose sentimental value

Buyout

One sibling keeps property

Requires funds, potential resentment

Renting

Generates income, retains property

Ongoing management, potential disputes

How to Buy the Other Half of an Inherited Property?

If you wish to keep the inherited property, you can offer to buy out your siblings’ shares. Options include:

  1. Paying a lump sum for their shares
  2. Making payments with interest over time
  3. Taking out a mortgage or loan against the property

 

Negotiate a fair market price based on the property’s value and each sibling’s ownership percentage.

How to Get a Sibling Out of Your Parents' House?

If a sibling is living rent-free in the inherited house without permission:

  • Request they pay rent or move out
  • Offer to buy out their share
  • As a last resort, consider legal action (e.g., eviction)

 

However, if the Will grants them a right to remain, they have the legal right to stay.

 

Key Considerations:

  1. Understand your rights and obligations as stated in the Will
  2. Communicate openly with siblings and the Executor 
  3. Seek legal advice if disputes arise
  4. Prioritise fairness and preserving family relationships
how to buy the other half of an inherited property
The easiest and simplest way is to sell inherited property for cash, quickly and avoid potential disputes.

Benefits of Selling Your Inherited House for Cash

Selling an inherited house for cash can be an attractive option for those seeking a hassle-free, expedited sale process and a guaranteed sale:

1. Quick Sale: Selling a property for cash allows for a speedy sale, often completed within weeks, eliminating the hassle of listing the property on the open market.

2. No Repairs or Renovations: As cash buyers, we purchase properties in “as-is” condition, saving you the time, effort, and costs of repairs or renovations.

3. Avoid Estate Agent Fees: By selling directly to a cash buyer, you can avoid paying the estate agent’s commissions, which can be substantial.

4. Simplified Process: A cash sale involve less paperwork and fewer complications, making the process more straightforward and less stressful.

5. Certainty of Sale: Once a cash offer is accepted, the sale is virtually guaranteed, eliminating the risk of a buyer’s mortgage falling through or other complications that can arise in traditional sales.

6. Flexibility: Selling for cash allows you to choose a completion date that suits your needs, providing greater flexibility in your plans.

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