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Executor Loan for IHT

Are you an executor faced with an unexpected Inheritance Tax Bill?

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An Executor Loan helps personal representatives, or executors if there’s a Will, with estates where there is an Inheritance Tax (IHT) liability to pay but no funds available. It is the ideal solution if you are wondering how to pay inheritance tax before probate is granted.

 

How does an IHT loan work?

 

When you apply for an IHT loan with us, we will pay HMRC the inheritance tax (IHT) owed. Once the IHT has been paid, an application can be made for Grant of Probate. Following the Probate process, the assets of the estate will be made accessible for disposal, allowing the IHT loan to be paid back from these funds. As the estate will refund the money for the IHT bridging loan, there will be no monthly repayments and no financial risk to you. 

Key Benefits

  • No risk
  • No credit checks
  • No monthly repayments
  • No requirement for a Will
  • No personal liability
  • No charge over property

Why choose us

Inheritance Tax Loan is a unique product, with nothing else like it on the market. Here are just a few reasons to choose Tower Street Finance for inheritance loans in the UK:

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Fully regulated lender

We are fully regulated and authorised by the Financial Conduct Authority

Experience
100 years of experience

100 years of experience - Our management team has over 100 years of experience in financial services, credit management and risk

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Excellent customer service

We are rated ‘Excellent’ on the independent review site Trustpilot

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Inheritance Tax Loan CPC FAQs

An IHT loan is available to anyone who needs to pay UK inheritance tax. Unlike a traditional bank loan, there are no credit checks and no monthly repayments, so your income and affordability does not need to be assessed. This means you can apply for a bridging loan to pay inheritance tax, regardless of whether you own a property or have a good credit rating.
If you need help settling an IHT bill, it can be expensive and time consuming to arrange the funding. Until you have settled the IHT, you can’t obtain the Grant of Probate and the estate cannot progress through to distribution. This creates “locked” estates which cannot move forward until the IHT has been settled.

An Inheritance Tax Loan can be used to ensure your estate does not become locked by enabling you to settle the IHT bill quickly and easily. This ensures that you avoid any delay or penalty charges from the HMRC.
If you are approved for an Inheritance Tax Loan, there is no origination fee, so no up-front costs. The only charge is the monthly interest for the duration of the loan. All this is added to the balance, and you can see a representative example below of how this would work in practice.
Yes. Your credit rating is not related to your ability to take out an Inheritance Tax Loan. The loan is secured against the proceeds from the estate. The only thing we will check for when you apply is an undischarged bankruptcy.
As long as we have all the required information we can underwrite and provide the loan within 48 hours.

How do I get my IHT Loan?

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Free quote

Get your free, no obligation quote to find out what you may be able to advance
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Easy application

Fill in our short application form or speak to our team to start the ball rolling. If we need any more information we'll get in touch
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Clear offer

We provide you with all of the details you need to know about your advance to ensure everything is 100% clear​ and you are happy
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Pay your IHT

We create your facility so you can begin drawing down to pay your IHT and any other expenses
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Receive the rest

When the estate arrives at distribution, your loan is repaid along with the interest and the rest of the estate is distributed as usual

The facts about Inheritance Tax Loans

Executors or personal representatives are responsible for paying IHT

Around 25,000-30,000 Estates incur IHT in any year

Average bill is around £200,000

IHT has to be paid before you can get a Grant of Probate

Estimated that £2bn a year is tied up in ‘locked estates’

More estates will be need to pay IHT over the coming years

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Hear from those who’ve benefitted from an Inheritance Tax Loan

“Mum was financially savvy and had always had a lot of her money in share portfolios so when she died there wasn’t a lot of cash. Because the share portfolio companies won’t release funds to pay IHT I was stuck with a bill and no means to pay until the inheritance was released.

“Tower Street Finance acted really quickly for me and paid HMRC direct with an Inheritance Tax Loan which was repaid from the estate once the grant was issued. It was such a relief.”

Get in touch about an Inheritance Tax Loan 

Our professional customer service team are here to help you with any queries you may have about IHT Loan. They can also take your application over the phone or you can apply online below. 

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