Probate Loans
Access your inheritance to pay for IHT, executor costs or simply to use funds for personal reasons before grant of probate.
FA Albin & Sons Is a Trusted Partner of Level
FA Albin & Sons is committed to supporting its families through their whole bereavement journey and we fully understand and appreciate that this goes on long after the day of the funeral. By being a trusted partner of Level our families are able to access funds tied up in Probate and the Estate Administration process early. Providing financial relief to those who may need or want it.
How can a probate loan help you?
Pay an Inheritance Tax bill
Cover Executor Expenses
Pay for Estate Admin fees
Access Inheritance Early
How It Works
Applications can be made here through your estate planner, by phone on 020 7205 2870, or on our website. There are four simple steps:
Make an Enquiry Today
Get a free, no-obligation quote from us with just a small amount of information about yourself and the estate you are an executor of.
Application and Approval
After submitting a full application online, a member of our team will then talk you through how the loan works and formally offer funding.
Accessing Funds
Once you have signed the documentation, the loan will be live and funds will be available to draw down.
Repaying the loan
Interest is rolled up meaning there are no monthly instalments. The administrator will repay it directly out of the estate assets.
The Level Group has helped me to get a Beneficiary loan very quickly they were very professional from stating with the enquiry to completion of the loan into my account. A special thanks to Will who was always at the end of the line to help things progress with the loan. Thanks Will for all your help.
Michael
Probate Customer
No Hidden Costs of Fees
At Level we make the process simple so you can make the best choice while dealing with Probate.
With clear examples we aim to be your most secure loan option at an affordable rate.
Worked Example
If you took a loan of £50,000 that was drawn in three equal instalments in month 1, 3, and 7, and the total loan was repaid at the end of month 10, the total amount repayable would be £59,113.82. This is made up of £8,113.82 of interest and a £1,000 administration fee. This would be an effective interest rate of 18.23%.
Frequently Asked Questions
Who is this type of loan for?
Beneficiaries of an estate. You can use this loan to access their inheritance sooner.
An Inheritance Advance does not have the same strict lending criteria associated with traditional types of funding, as it is secured against the money you’re entitled to from the estate.
What can it be used for?
Waiting for inheritance to come through can be a long, drawn-out process taking up to a year or more. This may simply be too long to wait for some people.
An Inheritance Advance loan is unrestricted, so you can use the funds however you want.
You might want to get your inheritance early to:
- Pay off your mortgage
- Clear your debts
- Finance home improvements
- Put down a deposit on a new home
- Go on a holiday
- Purchase a new car
- Pay for care or education costs
Will the other beneficiaries be aware that I have taken out a loan with Level?
With our Inheritance Advance loan, the other beneficiaries do not need to know you have taken out a loan with us. The Executors, however, will need to be made aware as they will need to know to repay Level from the estate once probate has been granted.
Will my loan affect the other beneficiaries' inheritance?
Your Inheritance Advance loan will be repaid solely from your share of the inheritance, so the shares of other beneficiaries are unaffected.
Level is the trading name of Integro Funding Limited, incorporated in England and Wales with company number 10467450. Integro Funding Limited are authorised and regulated by the Financial Conduct Authority. FRN: 772858.
The registered office address is 20-22 Wenlock Road, London, N1 7GU. ©2024 Integro Funding Limited