TSF’s solution to probate delays for struggling dependants

TSF’s solution to probate delays for struggling dependants

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 been widely reported that the pandemic has caused delays, with offices having to close their doors for much of the past year and many probate staff being placed on furlough. And the move to online applications has caused the issue to worsen.

Wilsons also point out that the delays are causing huge financial stress for dependents left behind who relied on the family member for living expenses. With the probate process stretching out ahead of them, they are often having to turn to applying for benefits or emergency loans.

Dicky Davies, business development director for Tower Street Finance, says:

“To find yourself in financial straits while grieving for a loved one makes it a doubly difficult time.

“Applying for emergency loans also gives the potential for failing credit checks which will add to their woes.

“Our Inheritance Advance product could help many of these families out of this situation. They can get access to some of their inheritance quickly and easily. There are no credit checks, no repayments and no risk.”

Wilsons is also seeing the delays impacting some dependents who are responsible for paying the inheritance tax, with interest accruing on the amount owed while they wait for the Grant of Probate.

Continues Dicky:

“This is where our other flagship product comes in. Our IHT Loan helps executors or Personal Representatives who are liable for picking up the tax bill access the money to do this earlier. It’s another unique product that doesn’t require credit checks or repayments, and we settle the bill directly with HMRC.

“We’ve already partnered with many solicitors, IFAs and administrators who are seeing the benefits of our offerings both for them and their clients.”

To find out more about Tower Street Finance’s products and to partner with them contact [email protected] or call 0343 504 7100.


This article was submitted to be published by Tower Street Finance as part of their advertising agreement with Today’s Wills & Probate. The views expressed in this article are those of the submitter and not those of Today’s Wills & Probate.

Tower Street Finance











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:

  • No credit checks
  • No risk or personal liability
  • No charge over property
  • No monthly repayments
  • No requirement for a Will

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


46 Tower Street
North Yorkshire