IHT Loans Solve Problematic Probate
Are you having problems getting through Probate? If you cannot pay your Inheritance Tax bill you cannot get Probate. Does this sound familiar?
You may be an executor faced with an unexpected inheritance Tax bill?
We have teamed up with Tower Street Finance to offer our clients a service called an IHT Loan. It is a new product that can help executors (or personal representatives if there’s no will) with estates where there is an Inheritance Tax (IHT) liability to pay but no funds available, and it is holding up the legal process. This service is now available to our clients.
You may also be interested in an inheritance advance.
Tower Street Finance Limited is a company registered in England and Wales, with company number 12132545, and is authorised by the Financial Conduct Authority, FRN: 912334.
If you took out an IHT loan of £50,000 (the total amount of credit) and the Loan and Origination Fee were repaid by a single payment out of the estate after 1 year, the total amount payable would be £60,977. This is made up of repayment of the Loan, interest of £9,977 and an origination fee of £1,000. The annual interest rate is 19.6% fixed. Representative 22.0% APR.
Transparent Clear Probate Services.
We offer clear easy to understand transparent Probate Services.
SIMPLE ESTATES9 out of 10 clients pay this price
This price usually applies if:
All assets are in the UK
Total estate value is under £650,000 (or left to surviving spouse)
Gifts of no more than £150,000 were given in last 7 years
COMPLEX ESTATES1 out of 10 clients pays this price
This price usually applies if:
There are overseas assets worth more than £100,000
Total estate value is over £650,000 (and not left to surviving spouse)
Gifts worth more than £150,000 were given in the last 7 years
Our probate fees cover everything from preparing your application to getting your grant sent out in the post. This includes:
What isn’t included?
Once you are our client, you can book your probate questionnaire call for an appointment at your convenience from 7am-11pm weekdays and 9am – 5pm weekends. (Calls take approximately 15 minutes).
Following a questionnaire call, we will submit the Income-tax return and Inheritance Tax (IHT) forms to HMRC within 5 business days. Processing time at HMRC can be as low as 14 days however this is not guaranteed.
Once we receive notification from HMRC that the estate is clear for probate, we will submit your probate via our online portal to the registry within 48 hours. (“Probate Registry processing times may vary and are not under our control).
We believe we offer the fastest and most efficient probate service in the UK at present with all our work completed in less than 7 business day.
“Excellent service from start to finish”
How do we compare to solicitor fees on the high street?
On average, it costs about £2,700 to deal with someone’s estate in the UK. By using our grant only service and sorting out the estate admin yourself, you can save as much as 80% in unnecessary solicitor fees.
Here are the top three ways we help you save money:
Fixed Fee Quote
We don’t believe in charging on an hourly or percentage basis, so we always offer a fixed-fee quote upfront. This helps make sure there are no hidden costs or surprises to our clients during your probate application.
Probate fees are often higher on the high street because people end up being sold full estate administration. We offer this service too, but we understand that most people just need help getting the grant.
Our probate specialists handle everything over the phone for you and deal with all the paperwork on your behalf. This means there’s no need to travel to your local probate registry to swear an oath.
Our Team Are Ready! 7 Days A Week
We are so transparent on prices, we now offer a new webshop where you can look through the different packages in your own time whilst relaxing at home. Avoid all the stress and hassle of going from company to company having to fill out numerous forms and then getting spammed with lots of emails and receiving numerous phone calls just to get a price. (We never spam).