The simple and reliable
way to access estate
funds quickly

  • No risks to the borrower
  • No matter what your credit score
  • No charges over property
Apply now
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The simple and
reliable way

to access estate
funds quickly

Scroll
  • No risks to the borrower
  • No matter what your credit score
  • No charges over property
Apply Now
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What is an Estate Advance?

If you are an Executor of an estate facing an Inheritance Tax bill (or other Estate liability) and you don’t have the necessary funds then we can help, giving you immediate access to up to 50% of the net assets in the estate.

  • No matter what your credit score – Applications are assessed on the value of the estate, not personal circumstances or credit rating
  • No risk to the borrower - No personal guarantees or charges over property are required. If the value of the estate turns out to be less than expected, then as long as you have kept to the terms of the agreement, you will not be required to pay the shortfall should there be one.
  • Fast - We aim to pre-approve eligible applications within 48 hours.
  • Fair - We only charge simple interest not compound, making us cheaper than other providers.
  • Simple - Advance is repaid to us when the assets from the estate are realised. No monthly repayments and no early repayment fees.
  • Aimed at Executors or Personal Representatives of estates - Can be used to pay Inheritance Tax (IHT), repair/ renovate property in the estate, pay legal fees or any other estate liabilities. Available to testate and intestate estates.

Apply for funding

Please complete the form and a member of our
experienced underwriting team will be in touch via
phone or email within 1 working day.

Please complete the form and a member of our experienced underwriting team will be in touch via phone or email within 1 working day.

Estate Advance

Why Provira?

Most cost effective

Our rates are market-leading and unlike our competitors we only charge simple interest, not compound – so you don’t pay interest on the interest. We are also very happy to provide a loan for just the first installment of IHT, if that’s what you are looking for.

Most trusted provider in the UK

We are the longest-standing provider of inheritance and estate advances in the UK and have more 5 star reviews than any other player.

There is no maximum loan value

We offer loans from £20,000 to well over £1 million.

Representative example

An Advance of £50,000 with an Arrangement Fee of 2% (£1,000) and an Interest rate of 24% (fixed). Interest is calculated on the advance and the fee and accrues daily.

12 months Time to liquidate estate
£12,240 Owed in interest
£51,000 Owed in capital and fees
£63,240 Total balance owed*

*representative 26.5% APR.

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Our process

1

Start your application

Complete a short online form or call us on 0203 813 6400.

2

Send us your documents

We send you a document checklist and you provide:

  • Copy of Death Certificate
  • Copy of Will (if applicable)
  • Copy of Grant of Probate/Confirmation/Letters of
    Administration (if applicable)
  • Confirmation of the assets and liabilities within the estate
  • Proof of ID, address and bank details

We send you a document checklist and you provide:

  • Copy of Death Certificate
  • Copy of Will (if applicable)
  • Copy of Grant of Probate/Confirmation/Letters of
    Administration (if applicable)
  • Confirmation of the assets and liabilities within the estate
  • Proof of ID, address and bank details

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.

Debbie Collins - Head of Underwriting

Ready to get started?

Our deeply experienced, caring team is here to answer any questions. Give us a call on 020 8038 6896 or start your application now.

Apply today

Jon – Estate Advance

From roaming to roots. Jon’s story of creating a legacy for his kids.

Read Jon’s story

Jon – Estate Advance

From roaming to roots. Jon’s story of creating a legacy for his kids.

Read Jon’s story

Debbie Collins - Head of Underwriting

We’re here to help

It’s important to us that you have all the information you need to move forward with hope.  

Enquire

or call us on 0203 813 6400

FAQ's

Traditionally, personal loans require the borrower to sign a personal guarantee or to provide security to the lender over their assets, such as property. In the event that the borrower defaults, the lender can then take possession of personal assets and sell them to recover what they are owed. Estate Advance is different. The product was designed to underwrite Estates, not borrowers, so you won’t be asked for any form of personal security. Our claim is against the assets of the Estate and in the event of those assets selling for less than we are owed, then as long as you’ve kept to the terms of the agreement, that’s our loss. There are no monthly payments and no early repayment fees.
The Advance can be used to pay Inheritance Tax or other estate liabilities
That doesn’t matter, because underwriting is focused on the Estate (and its assets/liabilities) rather than your personal credit rating. The application process therefore ensures that there’s a clear link between applicants (i.e. Executors) and the Estate, as well as establishing the estimated value of eligible assets within the Estate, to advance funds against.
No. The decision will be based on the assessment of the Estate. Therefore, your employment information is not relevant.
That’s OK and as long as you’ve kept to the terms of the agreement it’s not your risk, it’s ours. This is why we ensure we fully understand the Estate as part of our underwriting process. If we get the assessment wrong we bear any associated loss.
We will estimate the value of the Estate’s eligible assets less any liabilities owed, such as the Administrator’s fees, mortgages over property within the Estate, etc. This gives the Estate’s estimated net eligible asset value. Eligible assets are typically (UK domiciled) cash, as well as publicly quoted investments and properties that are to be sold. We may consider other assets by exception. You will then be offered up to 50% of your portion of the Estate’s net eligible assets. You may, of course, take less.
The Arrangement Fee (which is simply added to the loan) is 1-2% of the loan amount. The interest rate is 1.5-2% per month for as long as the Advance is outstanding, but we won’t charge you more than 30 months worth of interest.
Unlike other providers we only charge simple interest, not compound interest. That means you are not paying interest on the interest.
That’s absolutely fine. Our underwriting is based solely on your share of the Estate and your Advance has no impact on the other beneficiaries. It is also fine for more than one beneficiary of an estate to apply for an Advance.
No – as the Executor/Personal Representative you are entitled to take out an Estate Advance.
That’s OK. The Inheritance Tax will still need to be paid regardless of whether or not there is a valid Will. Thus, you can still apply for an Estate Advance.
We require a professional firm to be responsible for the distribution of the asset(s) that will enable the Advance to be repaid. This would typically be the Estate Administrator or Conveyancing Solicitor
The loan is repaid when the assets from the estate are realised. There are no early repayment fees.
You will have 14 days to withdraw from your Advance from the date you enter into the loan agreement starting with the day after the latest of (a) when the agreement is made, (b) the day you receive a copy of the executed agreement or (c) when you are told the agreement has been executed and is in the same form as the copy agreement you already have. Should you elect to do so, within 30 days after withdrawing you will need to repay the amount of the Advance together with accrued interest, at the interest rate set out in your loan agreement, from the date the Advance was provided until the date of repayment.
Provira’s founding team and investors are experienced financial professionals, having successfully launched and invested in many innovative specialty finance businesses. We are passionate about building disruptive businesses that focus on benefiting the consumer. We’ve worked for and with some of the largest and most reputable financial institutions globally.