A death in the family may leave you in possession of an estate with a large inheritance tax bill.
The tax bill can normally be settled by selling the property but if you are unable to obtain Probate of the Will, which gives you the right to sell the property, then a sale cannot proceed.
A bridging loan can be used to settle the inheritance tax bill by securing the loan on an existing property. The Retained Interest product can be used so you will not have to pay interest on the loan until the inherited property has been sold |