Tower Street Finance's Profile
About 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
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
46 Tower Street
Articles by Tower Street Finance
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