Yes, you can get a loan against your inheritance. This is called an Inheritance Advance and allows you to access a percentage of the money before or after probate is granted.

Waiting for your inheritance to come through can take months – sometimes even over a year. This can be even longer if the estate contains property, shares or any other financial assets that make it more complicated.

If you’re already under financial pressure, that waiting period can be one of the hardest parts, especially at a time when you may just want to focus on your family.

The good news is, you don’t have to feel stuck. Inheritance Advances with Provira allow beneficiaries to unlock 50% of their inheritance early. 

There are no hidden fees, no compound interest and no scary terms. And if you don’t have a job or you have a bad credit rating, that’s not a problem either; we only assess the loan based on your future inheritance.

If you want to find out more about our Inheritance Advance, get in touch with the team today.

What is an Inheritance Advance?

An Inheritance Advance, also known as a Probate Loan or Inheritance Loan, lets you access a portion of your inheritance before the probate process ends.

Through an Inheritance Advance, you can borrow up to 50% of your future inheritance within just a few days. The best part is that the loan is secured against the estate, which means you don’t need to worry about listing any personal assets as collateral.

Another benefit of an Inheritance Advance is that it doesn’t take your employment status, credit history or financial situation into account. All that lenders look at is the value of your inheritance; it’s really that simple!

Once the estate is paid out, the solicitors pay back the loan for you. That way, you don’t need to worry about keeping track of monthly payments or high fees, you can just sit back and enjoy your inheritance whilst the estate irons itself out.

How does getting a loan against your inheritance work?

Every situation is unique, and we know this can be an emotional time. That’s why it’s important to work with a provider that takes the time to listen and guide you through your options.

In general, however, applying for an Inheritance Advance is relatively easy. All you have to do is complete a short online form, such as Provira’s one here.

Then, the team will let you know what documents they need. Once those are sent over, you’ll usually hear back within 48 hours whether we will be able to help. Once everything is lined up, the money can be released into your account, usually the same day underwriting is approved.

The best part? There are no restrictions on what you can use your advance to pay for. 

Whether it’s school fees, settling debts or just giving yourself a little peace of mind in this already emotional time.. It’s your inheritance money, so you can spend it how you wish!

When can you apply for a loan against your inheritance?

Whilst you can’t take a loan out against your inheritance before your relative has passed away, as soon as they have, you can apply.

At Provira, we look at the net value of the estate and offer up to 50% of your share. That way, you can apply as soon as possible to help you relieve some financial stress and bring a little stability back into your life.

Do you have to pay to take a loan out against your inheritance?

Yes, there’s a small fee involved, but we’re always open about what you’ll pay, so you can plan without any surprises.

For example, with Provira, we charge:

An arrangement fee: 1-2% of the loan.

Interest rate: 1.5-2% per month, but this is charged as simple interest, not compound interest.

Let’s put this into real numbers. Say you applied for a £50,000, 6-month Inheritance Loan. You’ll pay a 2% arrangement fee (£1,000) and around £6,120 in interest, but only once the estate is paid out.

What if you spend all the money and can’t pay the loan back?

It’s natural to worry about how repayment works, especially if you’re already feeling stretched. The reassuring part is that with an Inheritance Advance, you’ll never have to pay it back yourself.

Once the estate is settled, the solicitors pay it back for you with the money from the estate. 

What that means is that even if you spend all the money that you get with the advance, the estate will still be able to pay it back in full. That way, you can breathe easy knowing it’s taken care of.

How is an Inheritance Loan different from a normal loan?

It’s a good question – normal loans also have interest fees and arrangement fees, but they also take into account a bigger range of factors.

For example, if you applied for a traditional loan, you’d have to have a strong credit history, a personal guarantee (like your home or savings) and you’d probably have to pay it off monthly. 

An Inheritance Advance is different because it’s not based on any factor other than the value of your portion of the estate. It’s designed to support you, not add pressure.

With an Inheritance Advance, you won’t need to worry about your credit history, income or paying it back – it will get paid back automatically once the estate has been released, making it a much simpler process.

Ready to access your inheritance early?

If you’re waiting on probate and need access to your inheritance now, our team can help you move forward.

Whenever you’re ready, fill in our short form or speak with our caring team. We’ll take the time to understand your situation and guide you through everything at your own pace. 

At Provira, we believe financial peace of mind shouldn’t have to wait, and compassion should always come first.