In 1716 he purchased for £5000 the forfeited estate of the Shafto family at Bavington Hall, Northumberland, and in 1718 he bought the ancient seat of the Delaval family at Seaton Delaval from his impoverished cousin, Sir John Delaval, 3rd Baronet.
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The site of the accident was marked by the erection of an obelisk, the base of which survives to the west of the hall, next to the turning to New Hartley.
William's nephew George Shafto (later George Shafto Delaval) married a daughter of George Delaval of North Dissington and sister of Admiral George Delaval.
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