Bridging Loans for Inheritance Tax

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    When someone passes away, they may leave property or other valuable assets to family members and loved ones. While this is a difficult time for many, unfortunately, large inheritances have complexities and tax liabilities that often need resolving quickly.

    If you find yourself in this situation, then a bridging loan may be a suitable option to help you raise funds quickly and give you more flexibility around managing inheritance expenses.

    Welcome to One, finding you a bridging loan to pay inheritance tax

    At One, we are built on over 100 years of property experience. We specialise in tailoring bridging loans to meet the unique needs of our clients and help them navigate the complexities of inheritance tax liability. You will benefit from our extensive network of reputable lenders and bridging loan brokers, ensuring you secure the best possible deal on your bridging loan.

    We’ll help ease the financial worry of resolving inheritance tax issues on an inherited property after someone’s passing. By matching you with the most experienced bridging loan brokers, we can guide you to the most suitable lenders with the best rates.

    Let our expert team guide you through the process of finding the right short-term finance solution. Fill out our enquiry form today, and we’ll be in touch.

    What is an inheritance tax bridging loan?

    In the UK, inheritance tax on is usually due within 6 months after someone has passed away. Settling any tax bills within this time is important to avoid additional charges or penalties. This is where an inheritance tax bridging loan might be helpful.

    An inheritance tax bridging loan is a type of short-term finance solution used to temporarily cover the time in which you need to pay your inheritance tax bill on an inherited estate.

    How does a bridging loan work to pay off an inheritance tax bill?

    Anyone who has sold a house of their own will know that 6 months isn’t always enough time to complete a sale – especially with property chains to consider and the chance of a sale falling through. This is why we have created a bridging loan service to assist you in finding a smoother, more stress-free way to settle inheritance tax related expenses.

    A bridging loan for inheritance tax works by providing the personal representatives of a property inheritance with quick access to finance, ensuring enough time to settle these costs. It is a short-term loan that is usually secured against your own personal assets, such as your own property.

    With the IHT covered, you will have more time to decide how you want to deal with the inherited property, whether that’s looking for a more long-term finance solution or selling the property to pay back the bridging loan instantly.

    What can this type of bridging finance be used for?

    You can use bridging finance for inheritance matters in various ways.

    Bridging loans for probate

    Using a bridging loan for probate will provide you with quick access to funds while waiting for probate to be granted on an inherited property. Probate is essential for obtaining the legal right to deal with someone’s property or assets, and until it is granted, you cannot put the property on the market.

    Alternatively, some lenders may offer a specific probate loan or executor loan to support you while waiting for HMRC to grant probate. When we match you to an experienced bridging loan broker, they can explain the complexities of probate, how you can apply and whether a probate loan might be more suitable for your circumstances.

    Bridging loans for inheritance tax

    You can use a bridging loan for inheritance tax to provide peace of mind when it comes to settling your IHT bill promptly. With a bridging loan, you will be able to deal with any tax obligations that arise from your inheritance while having more time to sell the inherited property or explore long-term finance solutions.

    Our services are tailored to your unique needs, and we will provide fast and knowledgeable advice about all inheritance tax matters. With the help of a specialist bridging loan broker, you will be able to talk to someone who understands the pressure of dealing with inheritance tax and can find you the best financial products that can be arranged quickly.

    Get in touch with One today to pay off your IHT bill

    We understand that managing inheritance isn’t easy, and not just because of the tax liabilities and legal matters to attend to. Our teams are experts in their field, and they handle these matters with compassion to make sure you can settle your inheritance tax bill with ease.

    At One, we use our extensive market experience and industry connections to help find you the best rates on bridging finance for IHT matters. Contact us today to find out how we can help you.

    FAQs about inheritance tax bridging loans

    For more information about bridging loans for inheritance tax, please take a look at some of our most frequently asked questions below.

    How quickly can you access funds for inheritance tax?

    Accessing funds for IHT can be a quick process, especially with the help of a bridging loan. At One, our services are designed to provide you with personal and quick access to short-term finance for various property-related matters, such as dealing with inheritance. With the help of a bridging loan broker, you can find the best deals and secure the finance you need within a matter of weeks.

    Do you need a solicitor for an inheritance tax bridging loan?

    While it isn’t mandatory, using a solicitor can help simplify the process of obtaining a bridging loan for inheritance tax. However, we will match you to the most experienced and suitable brokers for your situation, who will be able to provide you with accurate information about all aspects of your loan terms and exit strategy and, ultimately, find you the best rates.

    However, when it comes to distributing inherited assets, legal advice can be beneficial, especially if you are faced with a more complex situation.

    Can inheritance tax be paid in instalments?

    If your inheritance includes property (or other assets that may take time to sell), then you can pay inheritance tax in instalments over a 10-year period, with additional interest payments. You will need to state this to HMRC, and the first instalment will be due before the initial 6 month period ends.

    Speaking to a professional broker will help you determine the best solution for settling your IHT liability.

    What’s the difference between an IHT bridging loan and a probate loan?

    Bridging loans can be used for many short-term finance needs, such as settling inheritance taxes on a property or estate you have inherited. Ultimately, they allow you more time to sell the property or secure long-term finance solutions. These loans are often secured against your own home rather than the inheritance.

    Alternatively, probate loans (also known as executor loans) are a type of finance that is more specific to inheritance matters. Probate loans offer quick access to finance to support beneficiaries with inheritance-related expenses until assets have been fully distributed. They are often secured against inherited assets rather than your own assets.

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    About One Commercial

    One Commercial have over 100 years of property experience. At One Commercial we like to use a “one stop shop” approach, utilising the whole market to support our clients in a wide range of property related finance.Their job is to make sure that they have done the hard work by matching your situation to the right commercial lender and for the best deal.

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