The Inheritance Tax loan is a product that is available to an executor who has an inheritance tax bill to pay and means you can get the funds quickly. It isn’t a traditional bank loan.
The inheritance tax loan means the executor can take out a loan to pay the tax out of the estate proceeds:
- The tax bill is settled directly with HMRC by the lender
- There doesn’t need to be a Will
- No personal liability, no charge on property
- No monthly repayments
- Once the Grant of Probate is issued, estate funds can be used to repay the loan
A recognised and regulated administrator e.g. solicitor or practitioner must be instructed before the monies can be released. If you don’t have a solicitor or practitioner, please book your first (free) consultation here.
Representative 22.0% APR
More Information: If you would like more information about this product, please get in touch by completing the contact form below. A finance professional will be in touch shortly.