Probate lending provider secures eight figure funding deal

Jessica D'Rozario

A specialist probate lending provider has announced an eight figure funding deal with Paragon Bank. Advanced Inheritance secured the funding with the bank’s structured lending division to support plans to double its year-on-year lending in 2026.

The York-based lender says the deal reflects “the increasing role that probate lending plays in helping beneficiaries, executors and legal professionals navigate the financial challenges that can arise during estate administration”.

Advanced Inheritance offers Defaqto rated loans to both the beneficiaries and the executors of an estate after somebody has died, with no regular repayments from the borrower.

The loans have no fixed term to allow for the unknown length of time that it can take for an estate to be administered.

Dan Baines, CEO of Advanced Inheritance (pictured), said: “This partnership is a significant moment not just for Advanced Inheritance, but for the wider sector.

“It reflects a growing understanding that beneficiaries, executors and legal professionals need better access to finance during estate administration, and an increasing confidence in the role probate lending can play.

“We’re delighted to be working with Paragon Bank. It’s been clear throughout the delivery of this partnership that we share a strong customer-focused culture and a desire to tangibly improve outcomes for people navigating the probate process.”

In a comment shared with Today’s Wills and Probate, Baines added: “The upshot of this for private client solicitors is that we can now help more people than we could before, with more flexibility and offering better value.

“This is the first time any UK bank has entered the probate lending market in this way, so it’s a great sign that the sector is starting to come of age.”

Jamie Pickering, managing director of structured lending at Paragon Bank, added: “Advanced Inheritance has a well-earned reputation for supporting customers through what is often a complex and challenging process at a difficult time in their lives.

“Operating in a specialist and increasingly important area of the market, the firm helps executors and beneficiaries access funds when they need them most.

“The experience of the management team is impressive, demonstrating a disciplined approach to lending and a clearly evidenced growth record.

“This facility reflects Paragon’s commitment to backing ambitious businesses operating in specialist markets, and we look forward to supporting Advanced Inheritance as it continues to expand its offering and serve more customers across the UK.”