Bridging Finance - Waitng for Probate
Bridging finance can be used where there has been a recent death in the family and you are due to receive an estate with a large inheritance tax bill.
A client can use the proceeds of the sale to settle the inheritance tax bill but there may be delays with the probate making it difficult for you to sell the property in time.
We can arrange a quick bridging finance loan whereby it can be secured on the property and you can use it to pay the inheritance tax bill. We can also arrange in innovative ways where you will not have to pay any interest until you sold the property.
Think carefully before securing other debts against your home.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The overall cost for comparison is 7.1% APR. The actual rate available will depend upon your circumstances. Ask for a personalised illustration. There may be a fee for the mortgage advice. The precise amount will depend on your circumstances, but we estimate it will be 1.5% of the loan amount with a minimum fee of £500 added on to the loan.
Mayfair Consulting Limited is an Appointed Representative of The Mortgage Times Group Limited, 279 Tottenham Court Road, London , W1T 7RJ , which is authorised and regulated by the Financial Services Authority no. 303007.
