Are you an executor faced with an unexpected Inheritance Tax bill?
IHT Loan helps executors (or personal representatives if there’s no will) with estates where there is an Inheritance Tax (IHT) liability to pay but no funds available, and it is holding up the Probate process.
IHT Loan key benefits
- No risk or personal liability
- No credit checks
- No charge over property
- No requirement for a Will
- No monthly repayments
- Average bill is around £200,000
- Estimated that £2bn a year is tied up in ‘locked estates’
- Around 25-30,000 Estates incur IHT in any year
- IHT has to be paid before you can get a Grant of Probate
How do I get an IHT loan?
Request estate information from solicitors
We talked to people who told us why they liked IHT Loan…
“I wasn’t expecting a bill running into the tens of thousands when I agreed to be an executor for my friend’s will. Everything was delayed while I had to take out a personal loan in my own name. I wish this had been available then.”
“It’s really frustrating. The estate has lots of assets, including money in bank accounts, but I can’t get access to them to pay the IHT. This product will really help.”
“I’m the executor of the will but I’m not a beneficiary. The family are getting really frustrated about the amount of time it’s takingbecause of the funds needed to settle the tax bill before we can progress anything.”
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
If you took out an IHT loan of £50,000 (the total amount of credit) and the Loan and Origination Fee were repaid by a single payment out of the estate after 1 year, the total amount payable would be £60,977. This is made up of repayment of the Loan, interest of £9,977 and origination fee of £1,000. The annual interest rate is 19.6% fixed.
The IHT Loan product is a credit agreement which provides you with access to credit which must be used to pay the remaining IHT liability on the estate and is paid directly to HMRC. As the Loan settles the remaining IHT liability, it will automatically be deemed a Testamentary Expense. The Loan does not create a charge over any land or property. Access to the product does not rely on your personal credit rating and, other than in cases of fraud/breach of terms & conditions, repayment of the Loan together with accrued interest/fees, is made out of the estate proceeds. There is an upfront Origination Fee (2% of the Loan, maximum £1,500) which can be added to the Loan, and interest is only charged for the first 30 months of the Loan. The estate must be administered by a recognised administrator.
Please complete the short form below and we can call you back at a time to suit you.
Our office hours are 9am to 5pm (Monday-Thursday) and 9am to 12 noon (Friday).