Probate Loans
Access Estate Funds While You wait for probate
Get up to 50% of your inheritance immediately.
- No personal liability.
- No credit checks.
- No monthly payments.
Probate can take 9-12 months to complete, but estate expenses still need to be paid.
Whether you’re an executor facing inheritance tax deadlines or a beneficiary needing early access to your inheritance, probate loans provide the funds you need without the personal financial risk.
No monthly repayments
No personal liability
No credit checks
Borrow up to 50%
How Probate Loans Can Help UK Families
No Personal Risk
You’re never personally liable for repayment
Probate loans are secured against the estate, not your personal assets or income. When probate completes, repayment comes directly from the inherited funds – never from your own pocket.
No Credit Checks Required
Approval is based on the estate value, not your credit history
Your personal credit score doesn’t affect eligibility. Lenders assess the estate’s value and your legal entitlement, making these loans accessible even if you have past credit issues.
No Monthly Payments
Interest is rolled up until the estate settles
No ongoing financial pressure while you’re dealing with probate. All interest and fees are repaid in one lump sum when the estate is distributed.
Probate Taking Too Long?
The UK probate process is slow and expensive, but life doesn’t stop while you wait.
You might be facing:
- Inheritance tax bills due within six months of death
- Estate expenses like maintenance, insurance, and legal fees
- Personal financial pressure from covering costs out of your own pocket
- Beneficiaries asking when they can access their inheritance
Probate loans can solve these problems by providing:
- Access to 25-50% of the estate value
- Funds available within 7-14 days of approval
- Support for both executors and beneficiaries
- Professional guidance throughout the process
What is a Probate Loan?
“Probate loan” is a general term that covers several different types of financial arrangements designed to help during the estate administration process.
These products address the fundamental timing problem where estate expenses arise immediately but estate funds remain inaccessible until probate completes.
Inheritance loans
Inheritance loans (also called inheritance advances) are designed for beneficiaries who need early access to money they will inherit. These arrangements provide a portion of the expected inheritance before probate completes, typically allowing access to 25-50% of the anticipated inheritance amount.
Executor loans
Executor loans (sometimes called estate advances) help executors fund estate-related expenses without using personal money. These might cover inheritance tax payments, professional fees, or property maintenance costs while probate continues.
How do the loans work?
Probate loans are secured against your inheritance entitlement rather than your personal assets or income. Lenders assess the estate value and your legal right to inherit, then provide a portion of that inheritance early – typically 25-50% of your expected amount.
How are the loans repaid?
Repayment comes automatically from your inheritance when probate completes and the estate is distributed. You don’t make monthly payments – the loan amount plus interest is simply deducted from your inheritance when you receive it.
Am I charged interest?
Yes, interest is charged monthly (typically 2% per month) from when you receive the funds until the loan is repaid from your inheritance. All interest costs are paid from the inheritance proceeds, not from your personal funds.
How long does it take?
Most applications can be assessed within 24-48 hours, with funds typically available within 7-14 days for straightforward cases. Complex estates or unusual circumstances may take 2-3 weeks, but this is still much faster than waiting 9-12 months for probate to complete.
What can the loan money be used for?
For inheritance loans (beneficiaries): The money can be used for any personal purpose – house deposits, debt consolidation, investments, business opportunities, family emergencies, or any other financial need. There are no restrictions on how you spend your inheritance advance.
For executor loans: The funds should be used for legitimate estate expenses such as inheritance tax payments, legal and professional fees, property maintenance and insurance, or other costs related to administering the estate properly.
Get Expert Guidance on Your Probate Loan Options
Don’t spend hours researching lenders or risk choosing an unsuitable option. Our specialists can help you to find the right solution for your circumstances.
Call or email us today.
