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Good evening, first of all have you applied for/received grant of probate in order to receive the property in his and all siblings name?
Can you clarify what you mean by 25% down. Who are you providing a deposit to?
I do not consider this to be necessary, can you just confirm the valuation of the property then I can provide my response.
In which case my advise would be, the property would be sold by the executors, to you and your boyfriend for £260,000. Techinically the "deposit" payable to the executor is £26,000. You need to establish how the solicitors acting on behalf of the executors would be willing to deal with the contract because there is no point you finding £50,000 and putting that towards the property, only to receive - I am presuming £11,000 of it back by way of the inheritence. If the solicitors are not agreeable to implement a form of "allowance" to counteract the deficit then it may be a case of paying £50,000 but i am presuming you do not have the additional. An agreement should be able to made amongst the solicitors. Hope this helps?
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