• Syldon@feddit.ukOP
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    1 year ago

    There won’t be many banks who would not mortgage a £550 asset for £20k.

    • frog 🐸@beehaw.org
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      1 year ago

      Exactly. You’d have to be really, really untrustworthy, with an appalling credit score and no income, and probably a criminal record for fraud, before a bank wouldn’t do that mortgage. So paying inheritance tax on a high value asset isn’t impossible if you don’t have the actual cash in the bank at the time of your relative’s death.