{"id":124747,"date":"2022-02-28T14:00:37","date_gmt":"2022-02-28T07:00:37","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-inheriting-a-house-affect-my-status-as-a-first-time-buyer\/"},"modified":"2022-02-28T14:13:27","modified_gmt":"2022-02-28T07:13:27","slug":"will-inheriting-a-house-affect-my-status-as-a-first-time-buyer","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-inheriting-a-house-affect-my-status-as-a-first-time-buyer\/","title":{"rendered":"Will inheriting a house affect my status as a first-time buyer?"},"content":{"rendered":"


\nI am likely to inherit half of my mother\u2019s home and also have money in a lifetime IsaQ I have been good with my personal financial planning and have been saving to buy a house with my partner. We each have about \u00a325,000 in our individual lifetime Isas (Lisas) so have over \u00a350,000 in total saved. We are in no rush to buy and were waiting for the market to calm a little bit post-Covid. Neither of us has ever bought or owned property.Unfortunately my mother has been diagnosed with a rapidly spreading terminal cancer and she is likely to pass away in the next 18 months. At that point my sibling and I will jointly inherit her house. I have no intention of living in her property as I have established my life and career several hundred miles away. Either my sibling and I will sell the house, or they will buy me out of my half (most likely the former). Continue reading…
\n
\nSource : theguardian.com
\nRead more…Will inheriting a house affect my status as a first-time buyer?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I am likely to inherit half of my mother\u2019s home and also have money in...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-124747","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ws3","jetpack-related-posts":[{"id":106335,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/if-i-inherit-my-mums-house-will-i-be-able-to-use-my-lifetime-isa\/","url_meta":{"origin":124747,"position":0},"title":"If I inherit my mum's house will I be able to use my lifetime Isa?","date":"April 22, 2019","format":false,"excerpt":"\r I could end up losing 25% of it or having to leave my savings there until after I retireQ I\u2019m single, earn around \u00a320,000 a year at age 34 I have a pension pot which is currently worth \u00a315,000. I want to save for my retirement and eventually buy\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102321,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-i-count-as-a-first-time-buyer-if-i-inherit-a-share-of-a-home-abroad\/","url_meta":{"origin":124747,"position":1},"title":"Do I count as a first-time buyer if I inherit a share of a home abroad?","date":"December 17, 2018","format":false,"excerpt":"\r I\u2019m worried I\u2019ll lose my bonuses in a help-to-buy Isa and\/or relief from stamp duty land tax Q My partner and I are looking to buying our first home in London together so have both been saving in help-to-buy Isa accounts. However, I am soon inheriting soon a share\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69156,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-let-out-my-parents-old-house-or-sell-it-and-invest-the-capital\/","url_meta":{"origin":124747,"position":2},"title":"Should I let out my parents' old house or sell it and invest the capital?","date":"October 16, 2017","format":false,"excerpt":"\r I\u2019m due to inherit my parents\u2019 semi but most of the advice I have read concerns buy-to-let, not outright ownershipQ I am due to inherit my parents\u2019 three-bed semi in the Wirral which is worth about \u00a3180,000. I have little idea about whether to sell and invest the capital\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106997,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/millennials-are-wildly-misjudging-how-much-of-their-parents-wealth-they-will-inherit\/","url_meta":{"origin":124747,"position":3},"title":"Millennials are wildly misjudging how much of their parents' wealth they will inherit","date":"May 10, 2019","format":false,"excerpt":"\r Millennials have hugely unrealistic expectations about when and how much they will inherit, according to new research.\r \r Source : cnbc.com\r Read more...Millennials are wildly misjudging how much of their parents' wealth they will inherit","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":39655,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/richest-young-people-in-uk-also-likely-to-inherit-most-wealth-study-finds\/","url_meta":{"origin":124747,"position":4},"title":"Richest young people in UK also likely to inherit most wealth, study finds","date":"January 5, 2017","format":false,"excerpt":"\r More people are likely to leave inheritance thanks to rising house prices, but most will go to those already well off, says thinktankBritain\u2019s wealth gap will be passed down the generations as well-off older people bequeath property to their already thriving offspring, according to new research from one of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50205,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/as-tenants-in-common-could-we-specify-that-our-children-inherit-our-property\/","url_meta":{"origin":124747,"position":5},"title":"As tenants in common, could we specify that our children inherit our property?","date":"March 30, 2017","format":false,"excerpt":"\r My husband and I would like to sever our joint tenancy in order to stipulate in our wills who gets our share when one of us diesQ My husband and I are considering severing our joint tenancy and becoming tenants in common. We would be doing this to protect\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124747"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=124747"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/124747\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=124747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=124747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=124747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}