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
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
Tower Street Finance’s Dicky Davies on recent survey results around time off work for bereavement, and why it’s important to provide an outlet for those who need it… With more and more people now working
A recent landmark ruling helped two children receive the inheritance they deserved after a lengthy case in the high court. They had been disinherited from their father’s will but argued the case that they’d not
New figures released by HMRC revealed that inheritance tax payments during 2020-21 totalled £5.4bn – increasing by 4% (£190m) on the last tax year. This has affected 33,000 people who have been hit with a
Genealogical research and asset repatriation specialist Title Research has become a referral partner for inheritance lending specialists Tower Street Finance. Dicky Davies, business development director of Tower Street Finance said: “We’re delighted to be working
Responding to consumer needs and a feeling that now is the time that the estate administration space is ready to embrace innovation were key topics discussed in our recent webinar. Tower Street Finance’s Dicky Davies
With one in four people saying they’d contest an inheritance if they didn’t feel it was distributed properly, many solicitors will have dealt with clients who are making a will that will subsequently be challenged.
Almost half (49 per cent) of stepparents in the UK plan to exclude their stepchildren from their will or deny them a fair inheritance according to the latest research from Tower Street Finance. The survey
Probate delays are still causing real issues for families waiting to receive an inheritance. The new online systems and centralisation of probate offices, which one would imagine were designed to speed things up, have far
Despite splitting up with George Michael over a decade ago and being left out of his will, former partner Kenny Goss has persevered in attempting to claim cash from his £97m estate. After a bitter
Inheritance disputes are hitting the headlines and it’s not surprising when you read the salutary tale of one ‘devastated’ daughter. Three days after her mother’s death she discovered a secret marriage. The bride, her mother,
Inheritance lending specialist Tower Street Finance has launched a dispute funding product with a £30m funding line for its panel of inheritance dispute lawyers. The product, which has been developed in conjunction with its launch
People born in the 1980s can expect inheritance windfalls to represent 16 per cent of their lifetime income – that’s double the figure for those born in the 1960s (9 per cent). The findings from
Four in ten bereaved people have reported a decline in mental health caused by the stress of administering a death and financial institutions are one of the main causes of delay according to the first
Recent research by PwC found that reducing costs has leapt from being last in a long list of priorities for legal firms to number four – ahead of critical challenges including reducing cyber threats. This
One of the advantages of Tower Street Finance being FCA regulated as a direct lender rather than a broker is that it has control over the products it offers. Both Inheritance Advance and IHT Loan
The chicken and egg dilemma is also one that’s faced by people who have an Inheritance Tax bill but don’t have the funds to pay it until they get their inheritance. But they can’t get
Around 200,000 executors and beneficiaries of estates will no longer have to complete inheritance tax (IHT) forms because of changes announced in the Government’s first ‘Tax Day’. ‘Tax Day’ is a newly introduced date in
Tower Street Finance currently has two products, Inheritance Advance which allows beneficiaries to get access to an inheritance sooner, and IHT Loan which helps executor clients unlock estates by paying the inheritance tax bill. Both
Londoners are set to bear the brunt of a stealth inheritance tax (IHT) rise announced by the Chancellor in his budget last week because of property values in the capital. The nil rate band and
A stark statistic that brought the first month of 2021 to an end was that January saw the highest mortality rate in England since 2002, primarily caused by the Covid-19 pandemic. Data from the Office
It’s just ten months since Tower Street Finance received authorisation from the FCA for its first product, Inheritance Advance. Then hot on its heels Inheritance Tax Loan launched in November. Both products are unique and
Inheritance lending specialist Tower Street Finance has pledged to raise £10,000 for Cruse Bereavement Care as its official charity partner during 2021. Fundraising activities by the Harrogate-based Tower Street Finance team include potential marathon running
Probate delays are now so bad that registries are only responding to questions about applications they’ve had for eight weeks. This is according to a senior associate at Wilsons, a private wealth law firm. It’s
Leading probate and estate administrator Kings Court Trust has partnered with Tower Street Finance to offer financial products that make it easier and quicker to access inheritance. Tower Street Finance offers two unique regulated loan
Since Tower Street Finance launched its two flagship products, Inheritance Advance and IHT Loan, it has formed many successful partnerships with probate administrators, solicitors and financial services providers who were quick to see the benefits
Four in 10 people fear the Government will increase the current 40 per cent Inheritance Tax (IHT) rate to help cover the cost of the Covid-19 pandemic. The findings, from research by Tower Street Finance
Bridging.com has appointed Tower Street Finance as its first strategic lending partner to provide short-term products that enable quick and easy access to inheritance for its individual and company users. Bridging.com is a digitally enhanced,
Tower Street Finance was formed after its now managing director Andrew Bartle had a beer with founder of IDR Law Martin Holdsworth. He told Andrew a story about a lady who was struggling financially after
We recently asked 2,000 UK adults how they would spend an inheritance windfall: “Vegas”, “gold bullion”, “splashing out on a new house or wheels”, or more sensibly “investing” were among the responses. But for the
It was revealed recently that grandparents are planning to leave more in their wills for their grandchildren than they intended before Covid-19 hit. And now Tower Street Finance’s own research of 2,000 people has uncovered