If you’re going to receive an inheritance, you can usually borrow up to 50% of your share early with an Inheritance Advance.

This means you don’t need to wait months (or sometimes years) for probate to finish before accessing the money that’s rightfully yours.

Waiting for an estate to be settled can feel endless, especially if you’re facing bills, school fees or just want some financial relief. 

That’s where an Inheritance Advance can help. At Provira, we offer Inheritance Advances of up to 50% of your share of the estate. Our team are here to help you borrow from your future inheritance, with no hidden fees or scary terms.

Get in touch with our team of underwriters today and unlock your inheritance now.

How quickly can I borrow from my future inheritance?

With Provira, accessing your inheritance can take as little as one week!

We have designed the process to be as fast and easy as possible. We know that this can be a stressful time, so the last thing we want to do is make things even more confusing.

While probate can take 12 months or more, we can normally approve applications within 48 hours. Once your documents are sent to us and everything is signed off, the money is transferred straight to your account, usually within a few days.

So, in short, we can usually send up to 50% of your inheritance to you within just a few days. That way, if you want to pay off any bills, fees or simply need a holiday, you can get on and book it!

Do I have to pay to access my inheritance early?

Yes, there are some fees involved when it comes to accessing your inheritance early, but at Provira, we keep everything open and easy to understand.

We don’t charge you anything to apply; however, if we do go ahead with the loan, we just take a small arrangement fee from the inheritance and charge monthly interest on the amount. 

What sets us apart from other providers is that we charge simple interest (not compound interest) on the amount you borrow. For you, that means the same amount is charged every month – the loan doesn’t grow or snowball. And for us, it means we’ll always be able to let our borrowers know exactly how much they owe.

What are the pros and cons of an Inheritance Advance?

Like any loan, Inheritance Advances have their pros and cons.

Here are some things to consider:

Pros:

• Fast access to money when probate may take months or years.
• No personal liability – the advance is tied to your inheritance, not your personal assets, so you never need to worry about your house or any other asset being taken away.
• Flexible – you can use your Inheritance Advance to pay for anything you want! No restrictions. 
• Easy repayments – you don’t need to worry about paying us back personally. Once probate is completed, the loan will be paid back directly from the estate  by your solicitors.
• We keep things fair – if your inheritance turns out to be less than expected, you won’t have to make up the shortfall (as long as you’ve kept to the agreement).

Cons:

• There are fees and interest that will be paid from your share of the inheritance, meaning you’ll get less when probate is finalised.

However, for many beneficiaries, the pros outweigh the cons, especially if you need the money fast.

What if my siblings also want to borrow from their future inheritances?

It’s not a problem. Inheritance Advances are looked at individually. That means your application is based only on your share of the estate, not on what your siblings or other beneficiaries want to do.

If your siblings also want an advance, they can apply themselves. Each advance is tied only to the percentage of the estate that the applicant is entitled to. Your advance doesn’t affect theirs and theirs doesn’t affect yours!

Will I have to pay huge fees to borrow from my inheritance?

No. At Provira, we believe in keeping things fair and transparent. Our fees include:

• A small arrangement fee (normally 1-2% of the loan)
• Simple interest only – so no spiralling costs over time

This can save you thousands compared to other providers who charge compound interest. 

For example, on a £50,000 advance over 12 months, Provira’s simple interest could save you over £1,400 compared to some other options.

Are there any restrictions on what I can spend the money on?

Not at all. Part of the beauty of an Inheritance Advance is that it’s yours to spend however you want. 

Some beneficiaries use it for things like paying off a mortgage, covering bills, buying a car, or putting down a deposit on a house. Others might use it for personal reasons, like funding a wedding, school fees or even taking a much-needed holiday.

At Provira, we never place restrictions on how you spend your advance – it’s yours to do with as you see fit!

How do I prove how much of the estate I am entitled to?

When you apply, our team will ask for some documents to check how much of the estate you are entitled to. These must be shared by the executor, but might include:

• A copy of the will (if there is one)
• A Death Certificate
• A Grant of Probate or Letters of Administration (if available)
• Confirmation of the estate’s assets and liabilities

Will I need to pay back the loan monthly?

No. One of the biggest benefits of an Inheritance Advance is that there are no monthly repayments. The balance is paid back from your inheritance when probate is completed and the estate has access to the funds.

This means you don’t have to worry about juggling another bill while waiting for the estate to be settled.

What happens if my inheritance is less than expected?

You might be surprised to hear – it does happen! Sometimes, the value of an estate changes. Maybe a property sells for less than expected, or debts increase, lowering the estate’s value. 

The good news is that with Provira, you won’t have to cover any shortfall from your personal funds, as long as you’ve kept to the terms of your agreement.

That peace of mind is a big reason why beneficiaries choose Provira over other Inheritance Loans.

Is an Inheritance Advance the same as a loan?

Not exactly. An Inheritance Advance is secured only against your future inheritance, not your home, car or savings. With a traditional loan, the provider might ask you to put your home or other assets down as collateral.

Inheritance Advances can also be granted if you are unemployed or have a bad credit history – unlike loans. This is because they only lend you money against your future inheritance, not your wider financial situation.

Borrowing from your future inheritance

Borrowing from your future inheritance can be a smart way to unlock funds when you need them most. 

With Provira, you can usually access up to 50% of your inheritance within days, without monthly repayments or personal liability.

Whether you need to cover expenses, make an investment, or just move forward without waiting months for probate, our caring team is here to help.

Ready to find out how much you could borrow from your future inheritance? Start your application with Provira today or call our friendly team to talk it through.