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2 points

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

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1 point

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.

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