We arrange fast probate loans, also known as executor loans or advances, for beneficiaries and executors of estates, that enable you to borrow up to 70% of your anticipated inheritance - available before receiving Grant of Representation.
✔ From £26,000 to £25m
✔ Borrow up to 70% of your anticipate inheritance (max £500k); or
Borrow up to 100% when secured against residential or commercial property (max £25m)
✔ Can be used to pay inheritance tax (IHT)
✔ No credit checks
✔ No monthly payments
✔ Lowest interest rate
✔ Funds can be used for any purpose
Probate loans are quick to arrange and can help you raise cash to split amongst beneficiaries, pay off debt, legal fees or inheritance tax (IHT) before you're able to sell the property or land itself.
We're experts in time sensitive finance and can complete in market-leading times. For loans up to £200k we're able to complete within 3 days.
Probate Loan Lending Criteria
|Loan to value (LTV)||Up to 70% maximum|
|Loan term||1 to 24 months|
|Loan amount||£26,000 up to £25,000,000|
|Probate loan rates||
From 0.85% pcm
|Decision||Instant decision in principle|
|Early repayment fees||None|
|Exit strategy||Repaid via estate distribution, refinance or sale of property.|
Bridging loans are a popular choice for those in need of finance for probate, as they can provide a large amount of money in a short period of time. Its effectively a pre-inheritance loan or inheritance cash advance.
Call our friendly team on 01202 612934, we're ready to help.