Inherited Property

Understanding this situation

You have inherited a property and are weighing up whether to keep, let or sell it. Situations like this usually come with a mix of practical, legal and financial questions, and the right answer depends on your own circumstances. The notes below are general information, not advice on your particular case.

Things worth considering

• Whether an open-market sale is realistic in your timescale, and what it would likely cost in fees and holding costs.
• Who has the legal authority to sell, and whether any consents, grants or court orders are required first.
• The property's condition, and whether it is readily mortgageable for an ordinary buyer.
• Any tenancies, licences or occupiers, and the notice periods that apply to them.
• The trade-off between the price achievable on the open market and the certainty of a direct sale.

How MW Mansions works

1. 1. You submit the property through our seven-step assessment.
2. 2. Our acquisition team reviews the property, its condition and the local market.
3. 3. Where it meets our criteria, we issue a no-obligation offer with our reasoning.
4. 4. You decide. If you accept, the sale moves into conveyancing and due diligence.
5. 5. Completion takes place on the agreed date, subject to contract and legal requirements.

Common questions