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Clare
Clare, Solicitor
Category: Law
Satisfied Customers: 34236
Experience:  I have been a solicitor in High Street Practice since 1985 with a wide general experience.
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Mum died in May and the house has been valued as her husband

Resolved Question:

mum died in May and the house has been valued as her husband is to remain in it as long as he maintains it and insures it, the valuation we have received now- is it frozen at that price or can it go up with inflation over the forthcoming years
Submitted: 1 year ago.
Category: Law
Expert:  Clare replied 1 year ago.
Hi
Thank you for your question.
My name is Clare
I will do my best to help you but I need some further information first.
What do you mean in terms of the valuation - do you mean what the insurance should be?
Clare
Customer: replied 1 year ago.
its the actual house valuation price that we have received, does the 50% share that I have rise in line with the house price over time ie its valued at 100k now in 10 years time if the house was to be sold for 120k would I receive 50% of the differential increase
Expert:  Clare replied 1 year ago.
Hi
You will receive 50% of the value at the time that it is sold
I hope that this is of assistance - please ask if you need further details
Clare
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