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  • FIRST POST
    Saver100
    Loan to pay an inheritance tax bill
    • #1
    • 29th Nov 05, 1:14 PM
    Loan to pay an inheritance tax bill 29th Nov 05 at 1:14 PM
    I have been told by my solicitor that, as an executor, I need to raise a loan to pay the inheritance tax owed on an estate before the application for probate can be sent in.

    The loan of 95,000 will only be needed for 4-6 weeks before probate is granted and will be secured on the assets of the estate.

    My bank has offered a loan with an arrangement fee of 1% and an interest rate of 3% over base.

    Are there less expensive ways of arranging this sort of loan?
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