The Loan can be used to pay off the Estate’s liabilities (e.g. IHT), or to pay off other Estate debts.

• In most circumstances you will need to be a resident in England, Scotland or Wales, have lived in the UK for two years and be a personal representative of an Estate.
• The Estate should relate to an individual who was domiciled and resident in the UK at the time of death.
• Executor Loans are available to personal representatives of Estates where a Professional Firm approved by Ampla has been instructed to assist with probate/letters of administration and realise the assets.
• Beneficiaries will need to provide their consent before we will complete a Loan agreement with you.

• Estates holding sufficient liquid assets to meet their liabilities, or whose creditors do not charge interest.
• Estates which are not expected to be settled within 24 months, or where a Professional Firm has not been instructed to secure the grant of probate/letters of administration and realise the assets.
• If the deceased died without a will, and you require the Loan prior to the grant of letters of administration for anything other than settling the Estate’s inheritance tax liability.

If you are unsure whether the Loan is suitable for your financial needs and circumstances, you should seek independent financial or legal advice.

• The Loan amount including interest and charges will normally be repaid from the proceeds of the assets in the Estate. This will reduce the amount available to the beneficiaries of the Estate.
• The Loan will be repaid in priority to any distributions to beneficiaries. This could delay or reduce the amount that beneficiaries will receive.
• If you breach the terms of the loan agreement with RS Consumer Finance Limited, or the Estate is not wound up within 24 months, the Loan may become repayable before proceeds are received from the assets in the Estate.

Yes. Each personal representative should review and sign the loan documents we will send you.

Loans are available for estates with and also without a will. If there is no will, providing
the purpose of the Loan is to pay the Estate’s inheritance tax liability, you can still receive your Loan before the grant of letters of administration. If you require the Loan for any other purpose then the letters of administration will need to have been granted.

We require a Professional Firm approved by Ampla to confirm the assets and liabilities in the Estate, typically this firm would be instructed by the personal representatives to assist with probate / letters of administration.

We also require a Professional Firm to be responsible for the distribution of certain assets in the Estate and repay the Loan to Ampla. Where this involves the sale of a property, the Professional Firm would often be the conveyancing solicitor.

We will perform a credit check on each customer, but the value of assets and liabilities in the Estate is the key factor, not your personal circumstances or credit score.

If circumstances change and the assets in the Estate do not cover the balance payable on the Loan, then the lender takes the risk – we will not require you to pay the shortfall, provided there has been no default event under the Loan terms and conditions.

Ampla Finance is not authorised to provide financial or legal advice to you. If you are unsure whether the Loan is suitable for your financial needs and circumstances, you should seek independent financial or legal advice.

The Executor Loan is a regulated, unsecured credit agreement, it is not secured on any property or land.

You can borrow up to 70% of the expected value of the Estate. Our underwriters will assess your application and give you a decision in a few working days.

There are no penalties whatsoever for repaying the Loan early, either in a single payment or by instalments. The Loan will normally become repayable when the Professional Firm receives the proceeds of the Estate.