There’s much to consider when inheriting property, writes Fiona Brandhorst
MANY of the younger generation, the so-called “millennials”, are now banking on an inheritance to hop on the property ladder and according to a recent report they may not have to wait that long. For an astonishing 18 million plus people in the UK are expecting to inherit all or part of a property worth almost £350,000.
The research by bridging lender MFS also reveals that 67 per cent of those surveyed had no intention of living in the property and would be looking to sell it as soon as possible, either re-investing the money or handing it down to the next generation.
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