I know some people here are quite sussed about the financial markets(which I am not) so some advice please. Basically , my 2 brothers and I own a property left to us jointly in november by my mum-its been on the market since april and we havent had an offer yet. Obviously the housing market is utterly hopeless at the moment.
My brothers are in a financial position to wait til it improves,We are not in that fortunate position. They are named as joint executors,I am a beneficiary for one third but not an executor so they are calling the shots,wont do a buy to let mortgage to free up some capital.
Seems I cannot equity release one third of a property either. So is it LEGALLY possible to "sell" my interest in the property to a private investor/firm? If it was offering an attractive return even though that may be 6 months/a year down the line?
this is under scottish law btw if that makes a difference-any ideas anyone?