Access legacy
income sooner with our innovative Charity Advance
What is a Charity Advance?
We understand that many charities rely on legacy income to fund their charitable activities. This can include purchasing specialist equipment, running charitable projects and a whole range of related one off costs.
- Delays in obtaining probate and settling estates have resulted in charities having to wait much longer than before to receive vital funds. Consequently, high priority spending decisions are often delayed. This can cause enormous strain on charities and the communities they support.
- As a specialist in providing loans based on future legacy income, we can solve this problem.
- We will assess your expected future legacy income, either on an individual or whole of book basis, and determine the size of Advance we can provide. If you decide to go ahead we can normally provide funds within a few days.
How it works
Flexible solutions
We work with you on an individual basis to craft an Advance Structure that best suits your needs.
Fast, fair and simple
We aim to pre-approve eligible applications within a few days. We only charge simple interest, not compound interest.
Confidence in the process
We specialise in providing loans based on future legacy income and will work closely with you to ensure the process is as efficient and hassle-free as possible.
We’re here to help
It’s important to us that you have all the information you need to move forward with hope.
or call us on 0203 813 6400
Get your advance in
these 4 simple steps
1
Start your application
Contact us on 0203 813 6400 or email [email protected].
We will be in touch within 24 hours to discuss your circumstances and
requirements.
2
Send us your documents
We will confirm the information needed for underwriting purposes. This will depend on your circumstances and whether we are basing our decision on a specific legacy or on a whole of book basis.
3
Your application is assessed
Our experienced underwriters assess your application within 48 hours and successful applications receive a formal email offer.
4
Receive your loan
Loan documents are issued and signed (normally electronically). Funds are released.
Ready to get started?
Bonnie Beadle – Inheritance Advance
From turmoil to tranquillity - how Bonnie unlocked her country dream
Bonnie Beadle – Inheritance Advance
From turmoil to tranquillity - how Bonnie unlocked her country dream
Representative Example
An Advance of £100,000 might incur an arrangement fee of 3% (£3,000). Interest is calculated on the advance and the fee. Interest is calculated and applied daily, based on an annual rate of 12% (fixed).
*representative 15.36% APR.
What does the Charity Advance Cost?
The cost of the Advance may vary depending on a range of factors (size, duration, LTV etc.). However, typically fees are an arrangement fee of 2% – 3% of the value of the Advance and the interest rate is between 1% – 1.5% per month.
What does the Charity Advance Cost?
The cost of the Advance may vary depending on a range of factors (size, duration, LTV etc.). However, typically fees are an arrangement fee of 2%-3% of the value of the Advance and the interest rate is between 1%-1.5% per month.