Unlock your inheritance early
With Inheritance Advance, you can access your inheritance sooner.
Apply for Funding today
Why wait for your inheritance? Unlock it today.
Level’s Inheritance Advance lets you access up to 60% of your inheritance immediately so you can move on without waiting for a lengthy administration process.
No personal liability
Secure your advance with your inheritance, not your personal assets. Loans are non-recourse and as long as you keep to your agreement, the loan is repaid from the estate, never by you personally.
Based on your inheritance, not your circumstances
We assess loan affordability based on your inheritance, not your personal income or assets.
No monthly payments
Interest is rolled up throughout the term of the loan. You don’t have to make any monthly payments. The professional administrator repays your loan in full, before distributing any residual inheritance to you.
How much can I borrow?
Use our Inheritance Advance calculator to find out how much of your inheritance you could access early.
How does an Inheritance Advance Loan work?
Get a free, no-obligation quote from us with just a small amount of information about yourself and the estate you are a beneficiary of.
After a brief conversation with us, we will ask you to submit a full application.
We will work with the professional firm administering the estate for all the information we need to underwrite your loan. We will only ask you additional questions about the estate or your inheritance if absolutely necessary.
A member of our team will then talk you through how the loan works and formally offer funding.
Once you have signed your loan agreement, the loan will be live and we will pay funds into your nominated bank account
Interest is rolled up, meaning there are no monthly repayments.
Once the administrators are able to distribute your inheritance, they will request a redemption statement from Level. They will repay the full amount owed to us under the loan agreement before they pay your remaining inheritance to you.
You can repay your loan early, in full or in part, at any time with no early redemption fees.
Speak to us today
020 7205 2870FAQ's
Beneficiaries of an estate can use an inheritance 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.
Waiting for inheritance to come through can be a long, drawn-out process. On average it takes a year or more to receive your inheritance. This may simply be too long to wait for some people.
An Inheritance Advance 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
For Inheritance Advance the other beneficiaries do not need to know you have taken out a loan with us. The Executors will however need to be made aware as they will need to know to repay Level.
In general, no. We underwrite the loan on your future inheritance, not your personal circumstances.
As the loan is non-recourse, we don’t normally ask for a credit report, so any poor credit history will not affect our decision.
Inheritance Advance is secured against the money you’re entitled to from the estate. You won’t have to meet any requirements regarding your age, employment status or credit history. We will, however, check for any undischarged bankruptcy.
Yes! The process may take more time, as we will need to do a bit more work to understand who is acting as Executor and get some details of your family tree.
No. It’s a key part of our security that a Solicitor (or other professional probate administrator) deals with the estate.
This is so we know that the estate administration will be handled professionally and that we don’t have to place any personal liability on you to repay the loan.
Funds are usually transferred to your nominated account within one working day of the loan going live.
We roll up interest throughout the term of the loan. Interest is charged daily, so you will only incur interest for the exact number of days the loan is outstanding. Once the loan is repaid, your remaining inheritance is paid to you directly by the professional administrator.
All of our loan facilities have a 2% administration fee. The interest rate can vary depending on the size and complexity of your loan.
