The simple and reliable way

to access estate funds quickly

Apply Now

The simple and
reliable way

to access estate
funds quickly

Scroll
Apply Now

Our agile and solutions focused team
will help you unlock funds to pay
for Inheritance Tax or other estate costs.

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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) without access to the necessary funds then we can help.

  • Many estates can take up to 12 months to administer, yet Inheritance Tax needs to be paid within 6 months from death and probate/ confirmation/letters of administration can’t be obtained without paying the tax. Without probate/confirmation you can’t sell assets within the
    estate to raise the funds to pay the tax.
  • Whilst it may be possible to agree with HMRC to pay the Inheritance Tax via instalments, this can be complex, you will need to have sufficient funds to pay the first instalment and it may not be the most costeffective option. This is when we can help.
  • The Estate Advance enables Executors immediate access to up to 50% of the value of the estate. Not only can the funds be used to pay Inheritance Tax they can also be used to pay other estate expenses including the repair/renovation of property, legal fees etc.
  • Applications are assessed solely on the value of the estate. No personal guarantees or charges over property are required. If it turns out the value of the estate is 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.
  • The Advance is normally repaid in full when the proceeds from the estate are realised. There are no monthly repayments and no early repayment fees.

How it works

Efficient solutions at speed

Provira enables you to access up to 50% of the value of the estate within 3 days of application.

Simple and straight-forward

We only charge simple interest (not compound interest) so costs are fixed and transparent and you are not paying interest on the interest. We are FCA regulated.

Confidence in the process

We work directly with solicitors and pay HMRC Inheritance Tax directly. There is no personal guarantee required, no monthly repayments and no early repayment fees.

Get your estate advance in these 4 simple steps

1

Start your application

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

2

Send us your documents

We confirm your eligibility, send you a document list 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 confirm your eligibility, send you a document list 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 funds

Loan documents are issued, signed (normally electronically) and funds are transferred immediately to your nominated bank account.
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
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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

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.

What Are The Fees For An Estate Advance?

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.


Crucially, we only charge simple interest rather than compound interest. This means you are not paying interest on the interest. In the example above, this would result in a saving of £1,440 compared to all other providers with the same rates and fees that do charge compound interest.

Commission

If you have been introduced to Provira by a third party (e.g. broker, IFA, law firm etc.), we may pay that third party a commission of 1% of the value of the loan. Whether or not we pay a commission has no impact on the fees and interest rate you will pay. If we do pay a commission, we will advise you of this and confirm the amount payable.

Apply

What Are The Fees For An Inheritance Advance?

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.


Crucially, we only charge simple interest rather than compound interest. This means you are not paying interest on the interest. In the example above, this would result in a saving of £1,440 compared to all other providers with the same rates and fees that do charge compound interest.

Commision

If you have been introduced to Provira by a third party (e.g. broker, IFA, law firm etc.), we may pay that third party a commission of 1% of the value of the loan. Whether or not we pay a commission has no impact on the fees and interest rate you will pay. If we do pay a commission, we will advise you of this and confirm the amount payable

Apply
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.