Inheritance Advance

Enabling Beneficiaries to access up to 50%
of their inheritance now

  • Aimed at Beneficiaries of estates both pre and post Grant of Probate or Letters of Administration. Enables access to up to 50% of a future inheritance within days
  • Can be used for any purpose
  • Available to testate and intestate estates
  • Applications assessed solely on the value of the estate, not personal circumstances or credit rating. No charges over property
  • Advance is repaid to us when the inheritance is available to be distributed. No monthly repayments and no early repayment fees
  • No risk to the borrower. As long as you have kept to the terms of the agreement, if it turns out your inheritance is less than expected you will not be required to pay the shortfall should there be one.
  • The Arrangement Fee (which is simply added to the loan) is 2% of the loan amount. The interest rate is 2% per month for as long as the Advance is outstanding, but we won’t charge you more than 30 months worth of interest.
  • In the following example this would result in a saving of £1,440 compared to other providers with the same rates and fees that do charge compound interest.
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  • Aimed at Beneficiaries of estates both pre and post Grant of Probate or Letters of Administration. Enables access to up to 60% of a future inheritance within days
  • Can be used for any purpose
  • Available to testate and intestate estates
  • Applications assessed solely on the value of the estate, not personal circumstances or credit rating. No charges over property
  • Advance is repaid to us when the inheritance is available to be distributed. No monthly repayments and no early repayment fees
  • No risk to the borrower. If it turns out that your inheritance is less than expected you will not be required to pay the shortfall should there be one
  • The Arrangement Fee (which is simply added to the loan) is 2% of the loan amount. The interest rate is 2% per month for as long as the Advance is outstanding.
  • Simple interest not compound interest. In the example below this would result in a saving of £1,440 compared to all other providers with the same rates that do charge compound interest

Representative Example

An Advance of £50,000 will incur an Arrangement Fee of 2% (£1,000). Interest is calculated on the advance and the fee. Interest accrues daily, based on an annual rate of 24% (fixed). Assuming the Estate takes 12 months to liquidate, you would owe £12,240 in interest plus £51,000 in capital and fees, resulting in a total balance owed of £63,240 and a representative 26.5% APR.

Quick

Did you know that the average time it takes to access an inheritance in the UK is one year?

If you’re a beneficiary, why wait for the financial freedom your inheritance may provide?

Simple

Our five-step process is designed to be as simple and stress-free as possible.

We will clearly confirm the information and documentation we require from you and your Administrator.

Transparent

Our pricing is clear and transparent, whilst our offering is easy to understand.

We don’t ask for security over property or for personal guarantees, nor do we perform credit checks on applicants.

Process

  • To apply, complete a short online form or call us on 0203 813 6400. We aim to pre-approve eligible applications within 48 hours.
  • Applicant and Administrator receive a document checklist including:

– Copy of Death Certificate
– Copy of Will (if applicable)
– Confirmation of the assets and liabilities within the estate
– Proof of ID, address and bank details

  • Application is reviewed. Successful applications receive a formal offer.
  • Loan documents are issued and signed (normally electronically). Funds are released.
  • When the estate is settled the loan is repaid to us, normally by the Estate Administrator or the professional firm responsible for the sale of a property within the estate.

To apply or for more information contact us on