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 two products which are aimed at the inheritance market.
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.
TSF are also looking at other innovative products that will help solicitors and meet the needs of their customers – watch this space!
- Inheritance Advance
- IHT Loan
Richard (Dicky) Davies, Business Development Director
Tel: 07702 559051
46 Tower Street