The fifth rendition of the annual British Wills and Probate Awards is becoming ever-closer. As we count down to the 20th October at the Grand Hotel in Birmingham, our “Sponsor Spotlight” series will highlight the progression, innovation and achievements of all our sponsors who make the event possible. We’re delighted to welcome Tower Street Finance as sponsors of the Best Contentious Wills and Probate Team & Will Writing Firm of the Year South categories at the British Wills & Probate Awards.
First of all, tell us who you are and what you do
We’re Tower Street Finance, the leading probate lending specialist in the UK. We provide a range of financial solutions to people going through probate and estate administration. Our products are available to beneficiaries and executors to help with inheritance advances or fund testamentary expenses such as IHT or administration fees. All products carry no risk to either the client or our partners.
Aside from the continued changes brought by the pandemic, how have you seen the sector develop over the last 12 months?
Our sector is new as we created it in the UK. The best example of this is that in January we created a new sector category working with Defaqto and received five-star ratings for our probate lending products. We have seen significant growth in the area of probate lending as more and more people become aware of the products available to them.
In adapting to such change, how have Tower Street Finance developed and innovated in this period?
We have grown to meet the market needs and doubled our headcount, whilst also embracing remote working to ensure we can continue to engage with customers and partners across England and Wales. We have also introduced a new product to complement our existing range which can help with funding inheritance disputes, and amended our executor loans so that they also work with Trust Company executors.
Looking forwards, what is your outlook for the sector for the rest of this year and beyond?
Continued growth in awareness and development of the sector. As more customers become aware these types of probate lending products are available to them, we expect this growth curve to continue and accelerate. Ultimately, we also expect more and more law firms and probate administrators to offer our services to increase the choice and added value to their clients.
What made you support Best Contentious Wills and Probate Team & Will Writing Firm of the Year South, and what is your message to its entrants?
The firms within both of these categories provide crucially important services to help people to either begin their preparations towards end-of-life planning or ensure that the wishes of the deceased are carried out at the end. They both help maintain the integrity of the sector.
What have been Tower Street Finance’s biggest achievements this year?
We have been thrilled to have had the opportunity to create the UK probate lending sector category working with Defaqto to set the benchmark for excellence. We have also been honoured to have helped so many customers and receive and maintain an excellent Trustpilot rating.
What would Tower Street Finance like to be known for the most?
We would like to continue to be known as the creator and leader of the UK Probate Lending market.
Thank you to Tower Street Finance for their support for The British Wills & Probate Awards 2022.
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