York-based Advanced Inheritance has announced its arrival as one of the UK’s first probate lending specialists, with the aim of helping consumers who are impacted by increasing delays in the estate administration process.
Advanced Inheritance, which became authorised by the FCA in October, offers loans to both beneficiaries and executors, with the loans repaid directly from the estate of the deceased. This structure means that there are no regular repayments for the borrower to make themselves, so their outgoings are not impacted, and their credit history is not a barrier.
The company is led by the management team behind renowned
retirement finance specialist, Age Partnership, who came to prominence through its leadership of the equity release market during a decade of high growth in the 2010s. Chief Executive of Advanced Inheritance, Dan Baines, said:
“We’re delighted to be open for business and we’re excited that we can now begin to help both borrowers and probate professionals alike. Whether it’s a beneficiary who needs funds faster, or an executor who needs to raise cash for IHT or estate management costs, we’ve developed a range of products to help.
Those who work with us can expect to benefit from a fast, simple quote and-apply process that is underpinned by digital capability that sets us apart from others in the consumer credit market.”
One Response
The governments (all parties) track record on procurement and investment is dire. I can see pension funds being depleted and huge sums wasted on spurious vanity project. God help us.