Are you an executor or personal representative
faced with unexpected estate expenses?
Estate Expense Funding is a product available to executors and personal representatives who can’t fund the costs associated with administering an estate.
Unique benefits of Estate Expense Funding
What costs can Estate Expense Funding cover?
How Estate Expense Funding works
Form completion and ID checks
The loan is underwritten
The fund is available to cover expenses
The estate repays
Latest news and views from Tower Street Finance…
We talked to people about how Estate Expense Funding could help them...
“I had no idea I’d be responsible for covering repairs to the house before it could be sold and this delayed the inheritance being distributed. This product would have really helped.”
“There are so many assets in the estate but as executor and beneficiary I can’t access them until I’ve paid all these costs upfront and I simply don’t have the funds to do it.”
“Being able to take out this product means I’ll be able to get the house ready for sale and hopefully get what it’s worth at market value rather than selling it in a state of disrepair.”
Let’s talk it through…
Our professional customer service team are here to help you with any queries you may have. They can also take your application over the phone or you can apply online below.
Representative 22.0% APR
Representative 22.0% APR. Representative APR is calculated assuming the entire facility is drawn in full on the date of the loan, and repaid in full after 12 months. By way of a worked example, if we agree a facility of £10,000, to be drawn in 9 instalments – with the total being repaid in a single payment after 12 months, then the total amount repayable would be £11,512.37. This is made up of a repayment of the total facility, interest of £1,312.37 and the origination fee of £200. The total rate for the credit in this example is 15.1%.
The Estate Expense Funding product is a credit agreement which provides you with access to credit which is secured by an assignment of the inheritance monies you are due to receive from the estate (and does not create a charge over any land or property). Access to the product does not rely on your personal credit rating (unless you are an undischarged bankrupt) and, other than in cases of fraud/breach of terms & conditions, repayment of the advance together with accrued interest/fees, is made out of your entitlement to the estate and any other funds you may receive from the settlement of the dispute. There is an upfront origination fee (2% of the advance, maximum £1,500) which can be added to the Advance. Your dispute must be handled by an SRA regulated law firm that we have approved and who has signed our Funding Agreement. The estate must be professionally administered by a professional firm that we have approved