Inheriting a property opens up a range of possibilities, from selling and reinvesting to renting or moving in. But if you’ve decided to sell, it’s helpful to understand what’s involved so you can approach it with confidence.
With the right support and a step-by-step plan, selling an inherited house can be far more manageable than many people expect. Here’s a breakdown of what happens, what you’ll need, and how to get through it without unnecessary stress.
I’ve inherited a house – what should I do first?
The very first step is to find out if probate is required. Probate is a legal process where someone (called the executor or administrator) is given authority to deal with the deceased person’s assets, including any property.
You’ll usually need to apply for probate if the deceased owned the home in their sole name. If the property was jointly owned and passed automatically to the surviving partner, probate might not be necessary.
To check whether you need probate and how to apply, refer to the guidance.
You can market the property while probate is being processed, but the sale can’t legally complete until the grant of probate has been issued. Processing times vary but usually take around 16 weeks from application as per the latest government update.
Selling inherited property after probate
Once probate has been granted, you can move ahead with the sale. At this point, the process becomes more like a standard property sale, although there are still a few extra things to keep in mind, especially when it comes to tax.
Related: What is a probate house valuation? A comprehensive guide
Inheritance tax
You may need to pay Inheritance Tax (IHT) if the value of the estate, including the property, exceeds the current threshold. As of the 2025/26 tax year, it is
- £325,000 for individuals.
- £500,000 if the estate is left to children or grandchildren.
Inheritance tax is charged on the portion of the estate that’s above the threshold.
Usually, IHT is paid from the estate before the sale is completed, but it’s a good idea to speak with a probate solicitor to understand timelines and liabilities.
Capital gains tax
Capital Gains Tax (CGT) might apply if the property’s value has increased between the date of inheritance and the date of sale. The gain is calculated based on the property’s market value at the time it was inherited.
You get an annual tax-free allowance of £3,000 for individuals (£1,500 for trusts) in the 2025/26 tax year. Any gain above this is taxable.
If you’re unsure how this might affect you, speak to an accountant or tax advisor for tailored advice.
Selling inherited property with multiple owners
When a property is inherited by more than one person, often siblings, decisions around the sale must be made jointly. It’s important to have early conversations about what each party wants to do, and to put any agreements in writing.
If there’s a will, it will usually outline who is entitled to what share. If there’s no will, then the estate is divided according to the rules of intestacy.
Everyone named as a legal owner will need to agree on the sale, sign documents, and receive their share of the proceeds. If there’s disagreement, mediation or legal advice may be required.
Need help? Request a Valuation with Ellis & Co
Inheriting a property with a mortgage or equity release
If the property still has a mortgage or an equity release plan, the loan doesn’t disappear when ownership changes, it has to be repaid, either through the sale of the home or with other funds.
You can continue making payments until the sale completes or speak to the lender about next steps. Some lenders allow a grace period if they know the home is being sold to repay the loan.
It’s important to check if there’s any life insurance in place, as this might help cover remaining mortgage costs.
Related: Transfer of equity in shared ownership: what sellers need to know
Selling options: which route is best?
How you choose to sell depends on your goals. Here are a few common options:
- Traditional estate agency sale: Best for achieving market value. A local agent will value, market, and manage the sale.
- Auction: Quick, and often ideal for properties needing work or attracting investors. The sale usually completes within 28 days.
- Cash-buying companies: Fast and hassle-free, but usually below market value. Useful if speed is more important than price.
Your estate agent can help you decide which is most suitable based on the property’s condition, location, and your timeline.
Related: How to set the right asking price for your property
Preparing the property for market
Once you’ve decided to sell, it’s time to get the property ready. Even small improvements can make a big difference to how the property is perceived.
Start by clearing out personal belongings and giving each room a fresh, clean look. If the property has been empty for a while, consider basic repairs and neutral décor. While full renovations aren’t always necessary, buyers will appreciate a home that feels well looked after.
You’ll also need an Energy Performance Certificate (EPC) before selling, this shows the property’s energy efficiency and is a legal requirement in the UK.
What documents do I need to sell?
Having the right documents to hand will help avoid delays. You’ll typically need:
- Grant of probate
- Photo ID and proof of address
- Energy Performance Certificate (EPC)
- Mortgage or equity release information (if applicable)
Your solicitor and estate agent can guide you through any extras required.
Making the process smother
Selling an inherited house involves a few extra steps, but it doesn’t have to feel complicated. By understanding the probate process, preparing early, and choosing the right sale route, you can make informed decisions that suit your circumstances.
At Ellis & Co, we’ve helped many customers successfully complete their property sale. Whether you’re selling solo or with family, we’ll be on hand with expert advice and local insight to make the process feel clear, calm, and manageable.
Want help selling a property? Contact your local Ellis & Co branch today.
