11.2 C
London
HomeSector InsightsProvira Expands Inheritance Advance Services to Scotland

Provira Expands Inheritance Advance Services to Scotland

Provira, a leading probate lender, has extended its inheritance and estate advance products to beneficiaries and executors in Scotland. This expansion follows Provira’s recent £25 million lending facility secured in July, fueling growth that has seen over £30 million in new loans over the past year, with a 250% increase in its loan portfolio.

Provira offers two key lending solutions for those managing estates in Scotland:

  • Estate Advance: Allows executors to cover inheritance tax and estate liabilities before probate is granted.
  • Inheritance Advance: Enables beneficiaries to access their inheritance before probate is finalized and assets are sold.

Steve Gauke, Managing Director of Provira, noted a growing demand for these advances due to delays in securing probate, particularly as inheritance tax must be paid within six months of death to avoid interest from HMRC.

Provira’s products are designed with flexibility in mind—no monthly repayments, no early repayment fees, and fast approval, often within a week. Loans are based on estate value rather than personal financial standing, with typical advances ranging from £40,000 to £70,000, and some reaching up to £700,000.

“We’re excited to extend our services to Scotland, helping individuals access funds during a challenging time,” said Gauke. “Our expansion reinforces Provira’s position as a leader in estate and inheritance advances, providing much-needed support to beneficiaries and executors.”

This move solidifies Provira’s role in offering crucial financial services during emotionally charged times, with a dedicated team ensuring top-tier customer service, reflected in their excellent Trust Pilot ratings.

latest articles

explore more