Probate Loans

At UK Property Finance, we specialise in flexible and affordable probate loans for beneficiaries and executors of estates. Also known as inheritance loans, executor loans, and inheritance advances, our probate loans allow you to take out some of the equity in the property a lot quicker than re-financing the property with a long-term mortgage or by selling the property.

How probate finance works

Key features of our affordable probate loans include the following:

  • Loans available from £25,000.
  • Borrow up to 75% of anticipated inheritance (max. £500k).
  • Can be used to pay inheritance tax (IHT).
  • No monthly payments.
  • The lowest interest rate.
  • Funds can be used for any purpose.

Probate loan lending features

Lending features of probate loans are outlined below:

Feature Explanation
Loan to value (LTV) Based on estate and clients share – 50% before probate
Loan term 6 months, rolling over
Loan amount £50K for Beneficiaries – £25k for Executors
Interest options Rolled-up
Probate loan rates From 1.67%
Decision No DIP – solicitor appointed required prior
Completion 5 days to 3 weeks
Early repayment fees None
Exit strategy Repaid via estate distribution, refinance or sale of property.

A probate loan can be fast to arrange, simplifying the process of covering legal fees and inheritance tax obligations before taking ownership of your inheritance. We understand the urgency and sensitivity of matters pertaining to probate, which is why you can count on UK Property Finance to give your case the priority it deserves.

For more information or to discuss the benefits of our probate loans in more detail, call anytime for an obligation-free consultation with a member of our team.

Bridging loans as probate finance

A fast-access bridging loan is a popular probate finance product, enabling individuals, families, and businesses to access significant sums of money. Bridging finance is a specialist type of short-term secured loan designed to ‘bridge’ the gap between the present moment and the receipt of owed funds.

Essentially, bridging finance is a pre-inheritance cash advance facility, providing the borrower with the money they need to cover their legal fees and inheritance tax obligations with ease.

With just a few basic details, we can provide you with an obligation-free quotation and an overview of the options available. Whether you are ready to go ahead or simply looking to learn more about probate loans, we would be delighted to hear from you anytime.

Call UK Property Finance today or email us with details of your requirements, and we will get back to you as promptly as possible.

Probate Loan infographic explaining the process:
Probate Loan infographic

 

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