About us
Who we are
Tower Street Finance is an FCA regulated provider of innovative funding products for the probate sector. We help both customers and practitioners who need financial solutions when they’re going through the probate process. We have an excellent Trustpilot rating and a five-star Defaqto rating for short-term probate loans.
We know that when someone dies, the journey from starting the probate process to distributing an estate can be lengthy, challenging and emotional. Our mission is to help both executors and beneficiaries navigate the financial challenges by creating a range of financial solutions.
We provide four products which can be shaped to find the right solution for our customers:
- Estate Expense Funding – For funding Testamentary Expenses
- Inheritance Tax Loan – Payment of IHT to release the Grant of Probate
- Inheritance Advance – Advancing much needed funds to beneficiaries
- Inheritance Dispute Funding – Provide funding for inheritance disputes
We have already helped hundreds of customers and have built relationships with many of the top professional probate administrators, law firms and IFAs.
Our story
School drop-off sparks an idea…
A specialist contentious probate lawyer and the founder of the UK’s largest debt purchaser get chatting while dropping their kids off at school in Harrogate.
The lawyer wants to help a client – an elderly widow whose story is relatively common.
Her husband left a large house, investments and assets but not a lot of cash. Her step-kids are making her life miserable demanding their inheritance.
Probate and disposal of the assets will take 12 months minimum. There’s nothing anyone can do about that – it just takes time. She’d love to borrow money and pay them out in the meantime but with no income, no regular bank will touch her.
There doesn’t seem to be another option. The lawyer asks the debt purchaser if he knows of any credible specialist lenders who understand probate…
This led to our founding in 2019 and in 2020 we were approved by the FCA as a lender.
We launched our first product – Inheritance Advance – and wrote the first one in September 2020.
Our innovations
We’ve spoken to customers and partners before launching any of our products to get their feedback and we’re able to be flexible within those products to offer solutions where the customer may need something out of the ordinary – we don’t like to say ‘no’.
Since the launch of our first product we have launched three more.
Our awards
British Wills and Probate Innovation Award October 2020
Five-star rated by Trustpilot in 2021
Defaqto five star rated creating a new category (short term probate loan) 2022
For more information visit www.towerstreetfinance.co.uk or call us on 0343 504 7100
Video overview of our Estate Expense Funding solution:
For more information on any of our services, visit our website https://towerstreetfinance.co.uk/, email [email protected] or call us on 0343 504 7100.
