Move with Us has developed a secured executor lending service for the probate market.
The new service will enable clients to release some of the equity held within an estate under probate.
The proposition is aimed at easing stress and anxiety for executors, helping them find the most suitable loan secured against the probate property to cover the costs associated with the administration and distribution of probate proceeds.
The secured executor lending service is another addition to the range of products already offered by Move with Us for the probate market which include property valuation reports, management of the probate estate and assistance in selling probate property.
The service is available to solicitors as well as independent customers and the loans can be received before the grant of probate and used to pay inheritance tax.
Russell Cade, director of probate at Move with Us, said: “The probate process can be an extremely stressful time for any executor and it becomes even more challenging for those who don’t have the funds necessary to administrate and distribute the probate proceeds to beneficiaries.
“The new secured executor lending service is a much needed help for executors, offering them the choice and advice from an experienced broker who can point them in the right direction when looking to arrange a loan secured against the probate property.
“We are the first to offer this service to the probate market, which reflects our commitment to providing the best products to match the needs of our clients.”