There’s no need to wait 12 months to access your inheritance.
Our Inheritance Advance lets you access up to half of the money you're due with no regular repayments to make.
What is an Inheritance Advance?
It can take over a year for an inheritance to be paid out after somebody has died.
The process of distributing the wealth of somebody who has passed away, which is known as ‘probate’, can be complicated and often slow.
This means that many beneficiaries are faced with a frustrating and, at times, distressing wait for the money that they are due.
Our Inheritance Advance lets you bypass this delay, meaning you can access up to 50% of the money you’re due at any time after the death of a loved one.
- The money you receive is tax-free.
- Funds can be with you within just 5 working days.
- There are normally no credit checks.
- The advance, plus any interest and arrangement fees, are repaid out of your inheritance when it is ready to be distributed, so there’s nothing for you to pay directly.
- Once we are paid back, the rest of your inheritance is paid to you directly from the estate as normal.
A step-by-step guide
Access your tax-free advance in 5 easy steps
- Get a free, no-obligation quote
- Supply us with details of the estate
- We review your eligibility
- Complete the application forms
- We send the advance directly to your bank account
What are the costs?
Let's look at an example
The following comparison shows how advancing £28,000 from an inheritance of £100,000 would impact on the amount you receive and assumes that the estate takes 12 months from the date of the advance before it is distributed.
Cost Illustration
With Inheritance Advance
Amount you receive right away
£28,000
Amount you receive after 12 months
£64,626
Amount you receive in total
£92,626
Without Inheritance Advance
Amount you receive right away
£0
Amount you receive after 12 months
£100,000
Amount you receive in total
£100,000
Representative Example
The above illustration is based on the following: an arrangement fee of 1.8% is added to the loan at the outset, after which point interest accrues at a fixed rate of 21.6% per year. This is equivalent to a representative APR of 26.3% APR.
This example is based on a period of 12 months, after which the total amount payable would be £35,374, but the actual duration and total amount payable will depend on the length of time it takes for the inheritance to be paid.
What next?
Do you qualify?
In order to qualify for an Inheritance Advance, you should be able to meet the following criteria.
- The person leaving you an inheritance has passed away.
- You can demonstrate your entitlement to an inheritance, either through a current will or, if there was no will, by telling us about your family tree.
- You, or the person managing the affairs of the deceased, can tell us about the assets, such as property, cash or investments, as well as any debts, that have been left behind.
- The estate of the person who has died is being administered by a professional firm.
- You have a requirement for some money (as there’s no point paying to advance money if you don’t need it).
- To find out more, we suggest contacting us for a no-obligation quotation.
Contact Advanced Inheritance
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Whether you’re an existing customer or you’re interested in one of our services, we’ll always be happy to help.
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