Bridging Loan For Probate
Our Bridging Loan Service
Special features of what we offer include:
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Bridging loans up to £25 million
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Terms of finance from 1 to 36 months
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Bridging loans for individuals, limited companies, sole traders and partnerships
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Interest roll-up schemes
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Whole of market service - we work directly with UK bridging lenders
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Lowest rates - Access to leading bridging loan deals
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Fast turnaround - speak to us today if you need to move quickly. 5 to 7 days possible.
In the event of a death, one of the main issues that individuals face is making arrangements to sort out the will. The first course of action is to obtain probate or a grant of letter of administration.
Securing probate may not be cheap, especially if the deceased person’s estate is substantial. The cost of probate can be between 1% and 5% of the overall value of the estate.
Raising sufficient finance to fund the application for probate may be difficult in a short period of time. Approaching a traditional lender might not be the quickest way of sourcing the funding required for probate, as it may take up to several weeks or even months for a high street lender to process an application.
Bridging loans are becoming an increasingly popular tool for those in need of finance for probate, as they may provide a large amount of money in a short period of time.
Bridging loans can be secured against commercial property, residential property, building plots or even land without planning permission.
Bridging loans may provide:
Bridging Loan Calculator
See how much you could secure with our bridging loan calculator.
As a general rule, bridging loan lenders will ask for details of the borrower’s exit plan. An exit plan is the borrower’s strategy outlining how the loan will be repaid. Bridging loan providers need this information to ensure that the loan is repaid within the agreed term of finance. An example of an exit plan is where the borrower sells their inherited property.
The bridging loan market is a potentially complex one. When it comes to deciding which loan to choose, you may benefit from a professional broker with the knowledge and understanding of the market to guide you through your decision. If you require a bridging loan to secure probate, it is advisable to contact a broker at your earliest convenience.
Next Steps…
If you are unsure about what bridging loan is suitable for you, call us on 0117 313 6058 or complete our request callback form.
