who will buy my share in house

[olliefun]

thanx sammy snake but tried all inheritants and relative who lives there. so my problem remains a share of a house left in a will, i need to sell it to raise money for my own mortgage and i dont know who would want to buy it and how long it would take to sell it.could i just put it on ebay!!!

[Didwot]

It is theoretically possible for you to assign your beneficial interest (share) in the house to a third party, but the problem is that no one is likely to want to buy, and anyone who is would expect a real giveaway price. After all, what are they going to get? I do not suppose the occupier is going to be paying any rent, so the buyer of your share is going to have to waIt until the house is sold until they get their money back. How much will they pay to get an uncertain larger sum, an indefinite number of years later? there are two imponderables here. Sellilng price, and when it is to be sold, so your theoretical buter will err on the side of caution. ie poor selling price ages away. At current interest rates your money will double in value (before tax) in about 15 years so if the house would not be sold for 15 years one would expect to pay half of its value in 15 years time, which may be higher, or even lower than it is now. So thats the problem.
PS I will give you �0.01
PPS It is better to post your suplementary questions as answers to your original question, and thereby keep one thread going.

[Hgrove]

I am slightly embarassed to post this because it may be wrong, but I thought that it would be possible to ask the Court to order the sale of the property.  It used to be the case that one part owner could force a sale on the other part owner (which used to happen in divorces) but there is no right any more, however you could still ask the Court for an order to sell if you have a pressing need.

[Didwot]

Quite right Hgrove, you can ask the court to order a sale of the property, (Trusts of Sale and Appointment of New Trustees Act( but the question that will then arise is whethter it is appropriate for the property to be sold now. I get the feeling that the property has been left to olliefun and their relatives, subject to another persons right to occupy. If that is the case then the court would not order a sale which would defeat the orignal purpose of the arrangement.