Tower Street Finance (TSF) was set up by an experienced management team who saw a need for relevant, accessible financial products which benefit administrators of estates, executors and beneficiaries.
We are passionate about using insight, data and our considerable experience to help customers with innovative products and services, including those who may be in financial difficulty.
We currently have four products which are aimed at the inheritance market and they all have a common DNA. There are:
IHT Loan
The IHT Loan can help when estates are effectively ‘locked’ because the executor needs to pay the IHT to get the Grant, but needs the Grant to realise the assets to pay the IHT.
It’s taken out by the executor/personal representative and can solve the problem. The money is used to pay HMRC and it’s a way of meeting the IHT liability to unlock the estate with no risk or need to take out a personal loan/bridging loan.
Inheritance Advance (winner of Innovation of the Year, British Wills and Probate Awards 2020)
An Inheritance Advance allows beneficiaries to access a proportion of their inheritance sooner, with the Advance repaid out of the proceeds of their inheritance. This solves the problem of beneficiaries asking when they’ll be able to get their money and you having to explain that the process is complicated and lengthy.
Again, there’s no risk – if another Will emerges or assets take longer to sell or sell for less than anticipated, or another debt is discovered, we take the risk.
Inheritance Dispute Funding (IDF)
Inheritance Dispute Funding helps people who want to dispute a will but don’t have the money to fund the legal bills. We know that one in four people would dispute an inheritance if they felt it was unfairly distributed.
Contesting a will can cost up to £5k in upfront costs and there’s no guarantee your case will be taken on – with IDF the solicitor gives their opinion on the case and win or lose – we take the risk.
We pay the costs and then they’re repaid from the estate proceeds.
Estate Expense Funding (EEF)
Estate Expense Funding is for executors who face costs while they’re dealing with their responsibilities of administering an estate. These can be unexpected but we can help cover the costs until the inheritance is released
Executors could be liable for expenses such as funeral costs, professional fees, house and garden maintenance and more.
We pay the costs and then they’re repaid from the estate proceeds
Key Services
Key Contact
Richard (Dicky) Davies, Business Development Director
Tel: 07702 559051
Email: [email protected]
LinkedIn Acc: Dicky Davies
Facebook: Tower Street Finance
Instagram: Tower Street Finance
Address:
46 Tower Street
Harrogate
North Yorkshire
HG1 1HS
A leading law firm reported on a recent case and found that Inheritance Act claims rose by 72% in 2021. On top of this, the cost of living is not helping the increase. This also correlates with research from Direct Line Insurance, which found one in four people would challenge a will if they were […]Read More
We are still expanding the business for growth and have a new role – head of broker – which Nicolas Partington has just been appointed to. He comes from a background in financial services, so it was a very natural move for him when he left education to move into this area of work. Nicholas […]Read More
We recently helped out Meadows Ryan solicitors in Weybridge with a case where an estate was locked because the IHT liability could not be paid and professional fees were racking up. The estate of the deceased was worth around £800k including properties, life cover policies and cash. Just before he passed away, a new will […]Read More
Tower Street Finance has received a five-star Defaqto rating for two of its consumer-facing products. Inheritance Advance and IHT Loan have been given the rating in the short-term probate loan category. Defaqto is an independent financial information business which helps consumers make better informed decisions. Three in four people are aware of Defaqto and the […]Read More
Tower Street Finance is continuing to expand its team with two more new hires. As the company scales up the business development team has expanded, so David Crooke has been recruited to head up the team. In addition, Jordan Jonas has been appointed to the finance team. David comes from a background of leading sales […]Read More
At Tower Street Finance, we pride ourselves on finding solutions to the financial challenges of probate. That is why we listen to our customers and partners and take on board their feedback. Our Inheritance Tax Loan and Estate Expense Funding products are available where the executor/administrator (personal representative) is an individual. However, we have recently […]Read More
Tower Street Finance, the market leader in inheritance lending and Kings Court Trust, one of the UK’s largest probate provider have entered into a new partnership. The deal will benefit both companies but more importantly will help them give even better service to their customers while they are going through the probate journey. Many people […]Read More
Tower Street Finance has surpassed the target it set at the start of 2021 to raise valuable funds for Cruse Bereavement Care – its official charity partner for the year. The goal was to reach a total of £10,000, and that target was exceeded when the team raised just over £15,000 through a series of […]Read More
Gill Steel, founder of Lawskills, the learning and development consultancy for private clients, hosted a discussion about the benefits of Tower Street Finance’s products and services recently. She was joined by Foot Anstey partner Rachel Brooks and TSF director Dicky Davies. The debate was filmed and you can view it here. Gill opened by explaining […]Read More
As part of our continued growth, we’ve welcomed four new colleagues to the Tower Street Finance team over the last month and this week we’re excited to announce another two have joined us to complete our 2021 team. Dan Holland is the new addition to our business development team and Ben Ivory will be strengthening […]Read More
Tower Street Finance was able to offer a speedy and efficient service to an IFA and solicitor for a case where a large Inheritance Tax bill was due within days, with no means to pay. The deceased had left a complex estate to manage with commercial assets plus several properties both in the UK and […]Read More
Hot on the heels of our announcement last week about new team members, we’re delighted to welcome another two to Tower Street Finance. Richard Dearden joins us from Irwin Mitchell where he was head of marketing innovation and takes up the new position of head of marketing. Says Richard: “I look forward to bringing my […]Read More
We’re pleased to announce the addition of two new team members to Tower Street Finance. This week we’ve welcomed Anya Carter our new customer support manager and Nick Lacey who will cover the London and the northern Home Counties, joining our team of business development managers. Anya comes with a wealth of experience in customer […]Read More
A recent court ruling saw the claimant of a contentious probate case being able to recoup the success fee uplift which was part of the ‘no win no fee’ arrangement she had with her solicitor. The claim was made under the 1975 Inheritance Act by the deceased’s daughter. She was estranged from her father and […]Read More
Tower Street Finance has partnered with Executor Solutions to offer its clients a simple, risk-free way to fund the administration of estates. Following the launch of its Estate Expense Funding, Tower Street Finance was able to adapt the product to be specific to the needs of Executor Solution’s clients. Executor Solutions help estate administrators prepare […]Read More
Serious issues and confusion are being caused for families who are unable to communicate clearly with each other over inheritance planning. A recent report* found that 47% of people don’t intend to split their estate equally between their children which may come as a shock to those left behind. Two thirds of parents think their […]Read More
We’ve been providing products to customers for more than two years now, and in that time have learnt that there is no such thing as a typical customer. They all have different needs for all kinds of different reasons…. We recently helped a customer who was having a difficult time mentally and physically access her […]Read More
Following Boris Johnson’s announcement about a £12bn a year tax hike to cover Health and Social Care, experts’ attention has moved onto wealth taxes and they have been giving their opinions on what ‘could’ and ‘should’ happen. This has put Inheritance Tax firmly in the spotlight with conflicting views on what the Chancellor’s next steps […]Read More
Tower Street Finance’s head of underwriting Heather Pollard explains how some of our recent cases have highlighted that sometimes the product our partners and customers think is the right one for them isn’t necessarily the best solution…. By talking the case through in detail we’ve been able to establish a better route for their needs. […]Read More
Today we’re releasing our report “The ‘I’ Word” which gives an insight into people’s expectations around leaving and receiving inheritances and their knowledge of the processes involved. Tower Street Finance’s specially commissioned research was conducted among 2,000 UK adults who are either expecting to leave or in line to receive an inheritance. One of the […]Read More
© 2022 Today's Wills & Probate Sitemap Privacy Policy Terms of Use Cookie Policy Acceptable Use
If you receive an email purporting to come from Today's Wills & Probate or a Firm member, or if you are directed to a website which purports to be Today's Wills and Probate website, and you have doubts or concerns about the provenance of the email or website, before taking any action please either contact the Firm member you normally deal with or email David Opie on [email protected] and they will tell you whether the email came from us or whether it is our website.
