Tower Street Finance has partnered with Executor Solutions to offer its clients a simple, risk-free way to fund the administration of estates.
Following the launch of its Estate Expense Funding, Tower Street Finance was able to adapt the product to be specific to the needs of Executor Solution’s clients.
Executor Solutions help estate administrators prepare probate property for sale and have found a common issue which is that many clients don’t have the funds to cover upfront expenses such as insurance, professional fees, property maintenance and house clearance.
Tower Street Finance’s director Dicky Davies said: “Executor Solutions approached us and said that this problem was holding up the sale of many properties which in turn means the beneficiaries are facing a long wait until the property proceeds can be released to them.
“We were able to tailor a bespoke product for its clients – Property Estate Funding. It means any expenses can be covered quickly and the loan is then repaid from the estate proceeds.”
Executor Solution’s group business director Michael Edwards said: “The biggest challenge our clients have is the availability of funds which they need to get maintenance work carried out on properties during the probate process. Our partnership with Tower Street Finance means we can solve this problem for them and unlock much needed funds so that estates can be settled in a cost effective and timely manner, without incurring unnecessary risk or costs.”
There are no fees to pay for the client and Executor Solutions cover the interest payments on their behalf for the first 12 months.
In addition, Property Expense Funding offers:
- No risk or personal liability
- No credit checks or assessment of income/affordability
- No monthly repayments
- No charge over property
To find out more about Tower Street Finance, its products and the benefits of partnering with us visit here or call 0343 504 7100
For more about Executor Solutions and Property Expense Funding call 0808 164 6390 or email firstname.lastname@example.org