Probate bridging loans in Northern Ireland
Short-term finance secured on an inherited property, so you can pay inheritance tax, clear a mortgage or buy out other beneficiaries while the estate is settled.
Releasing money from an inherited property
When someone dies, the property they leave is often worth far more than the money in their bank accounts, and the bills arrive first. Inheritance tax is due by the end of the sixth month after the death, and HMRC usually needs a payment before the grant of probate is issued. Until the grant comes through, the house normally can't be sold.
A probate bridging loan, secured against the inherited property, can release the money the estate needs now. It is then repaid when the property is sold or moved onto a long-term mortgage, usually within a year.
Before you borrow, it's worth checking whether the tax can be paid from the deceased's bank accounts, in instalments or through a grant on credit, and we'll talk these through with you. If a loan is the right answer, we search specialist bridging lenders, tell you at the start whether it would be regulated, and work alongside your solicitor so the timing fits the estate. Our full guide to probate bridging loans is on our blog.
How we help
- Paying inheritance tax so the grant of probate can be issued
- Clearing a mortgage the deceased left on the property
- Buying out a brother, sister or other beneficiary who wants their share in cash
- Covering repairs, upkeep and estate costs while the property is made ready for sale
- Moving onto a residential or buy-to-let mortgage if you're keeping the property
Questions people ask
Can I get a bridging loan to pay inheritance tax?
Yes. This is the most common reason families use probate bridging. The loan pays the tax so the grant of probate can be issued, and it is repaid when the property is sold or refinanced.
Can I borrow before probate is granted?
Sometimes. Most lenders prefer to wait for the grant of probate, or letters of administration if there was no will, but some will lend before it with stricter checks and higher costs.
Is a probate bridging loan regulated?
Usually not when the executors borrow and the property will be sold. If you or a close family member will live in the property, for example after buying out your siblings, it is usually regulated. We'll tell you which applies at the start.
Do you cover the whole of Northern Ireland?
Yes. We help families in every county, and most of the process can be done by phone and email.