Probate Client Loans
Clients take a loan to pay your professional fees/costs, probate fees and as a bridging loan to pay inheritance tax:
- Repayment from the inherited assets
- Contested and non contested cases covered
- Interest payments can be deferred
Interest rate 1.25% per month (15% per annum / £12.50 per month per £1,000 borrowed)
All loans are underwritten by your firm but remain off balance sheet
Security is required in the form of a solicitor's guarantee and a client undertaking to their solicitor to pay the loan balance from the proceeds of their case.
Follow this link for full details of our scheme
Email to info@lime-finance.com or call 01782 638500 or contact us
Representative Example:
Amount of credit: £25,000 for 12 months. Interest £3,750. Interest rate 15% per annum (variable). Set up fee £75 and Drawdown fee £20. Initial payment of £95 followed by 11 monthly payments of £312.50 and a final payment of £25,312.50. Total payable £28,845. Representative 16.5% APR (variable)
Lime Finance, Queen's Gardens, 31 Ironmarket, Newcastle, Staffordshire, ST5 1RP
Authorised & Regulated by the FCA - 728998