Types of loans
Probate and Trust Loans
Probate and Trust Loans explained
When a person dies, an Executor or Administrator is appointed. One of their tasks is to establish all of the assets of the deceased and their value as of the date of death. Next, they need to calculate the Inheritance Tax payable, if any.
Inheritance Tax must be paid before a grant of Probate (or in the case of an Administrator, Letters of Administration) as it is not possible to call in or deal with the assets beforehand. Clearing banks will pay funds direct to HMRC on the Executors behalf for the purpose of settling Inheritance Tax and stockbrokers may do likewise if they have a portfolio under management. If those options are not available, a probate loan from Bricks Finance can be arranged to pay the tax so that the Grant of Probate can be obtained.
After the Grant of Probate, Executors can call in assets prior to distribution to beneficiaries of the Estate. If the Executor wishes to retain an asset for a while or improve it so as to gain an enhanced value on the open market for the benefit of the beneficiaries, if the cash is not available within the Estate, a loan from Bricks Finance can help.
If you live in the South West or South Coast of England or South Wales, Bricks Finance can help you with loans for probate and trust loans.
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Loan calculator
Loan calculator
Amount you want to borrow
£50,000
£50,000
£5,000,000
Over how many months
3 months
3 Months
36 Months
Total you will pay
£1,500
Amount of interest over 3 months
This calculator is for illustrative purposes only.
We will always treat your personal details with the utmost care and will never sell them to other companies for marketing purposes. All information provided by you will be treated securely and confidentially. For more information view our privacy policy.
Investment calculator
Investment calculator
Amount you want to lend
£50,000
£50,000
£5,000,000
Over how many years
1 year
1 Year
5 Years
Estimated return
£2,500
Amount of interest over 1 year (5% APR)
This calculator is for illustrative purposes only.
We will always treat your personal details with the utmost care and will never sell them to other companies for marketing purposes. All information provided by you will be treated securely and confidentially. For more information view our privacy policy.
What our customers say
Frequently asked questions
Is the whole loan process managed online? If so, how can I apply?
You can apply online now by using our contact us form and we will respond within 24 hours. Or you can just call us on 01392 345778.
Do you lend to trusts?
Yes, to apply contact Will Michelmore on 01392 345778 or use our contact us form.
Do you offer loans for probate?
Yes, Bricks Finance provides loans for probate. You can apply now by contacting Will Michelmore by calling 01392 345778 or use our contact us form.
How long does it take to arrange a loan?
We have made loans as quickly as two days from initial request.
Do you offer short term and long term loans?
We offer loans from 3 to 36 months.
What’s the maximum amount of money I can borrow?
Between £50,000 and £2,000,000. Larger loans may be possible.