Northern Enterprise Awards 2022

Founded in 2019, Tower Street Finance is an FCA regulated provider of innovative lending products for the probate sector. The firm helps both customers and clients who require financial solutions throughout the probate process. We find out more about its innovative products in the wake of it being recognised in the Northern Enterprise Awards 2022. When someone passes away, the journey through probate to distributing an estate can be lengthy, challenging, and emotional. Tower Street Finance’s mission is to make this easy and stress-free for beneficiaries and executors by helping them navigate the financial challenges of probate and estate administration. The company provides four products, these being: • Inheritance Advance – Helps Beneficiaries access inheritance quickly, ahead of distribution • Inheritance Tax Loan - Settles an IHT bill to release the Grant of Probate • Estate Expense Funding - Funds testamentary expenses such as funeral costs, legal fees and property expenses for an Executor • Inheritance Dispute Funding – Funds an inheritance dispute for a Beneficiary. Having helped hundreds of customers either directly, or through its strong client relationships with solicitors, estate administrators, advisors, brokers, and other intermediaries, Tower Street prides itself on finding the right solutions for their individual circumstances. “We are the experts in probate lending and innovated these products in the UK,” explains Dicky Davies, Business Development Director and co-founder at the firm, speaking of how the company distinguishes itself from competitors. “As the pioneer and market leader in UK probate lending, we have created the sector benchmark with Defaqto and hold five-star ratings for short-term probate loans. Unlike some other providers, we are regulated as a lender, not a broker, which means we can be quick and flexible to accommodate your requirements.” The products available at Tower Street Finance are different. They are not personal loans, meaning there is no need for credit checks. If the value of the estate changes once the firm has provided the funds, it bears the shortfall, which means there is no risk. The funds are repaid when the estate reaches distribution, so there are no monthly repayments. It’s the value of the estate which enables the funding, not a client’s assets or credit history, thus there is no personal liability. There is no requirement for a Will and, finally, as the products are unsecured, there is no charge over any property. Supporting the wellbeing of its people is very important to Tower Street Finance and, like many businesses, it embraces a mix of office and remote working. Whilst its offices are based in Harrogate, it operates across England and Wales and has been successful acquiring customers and building its client network across the regions. “Yorkshire is well known for being a welcoming place, and this flows through into the service we provide to our customers, wherever they are,” enthuses Dicky. “We’re always accessible, personable, and dependable. This is evidenced in our fantastic customer feedback and excellent Trustpilot rating.” Tower Street Finance’s stellar reputation is also upheld by the fact that it was recently recognised in the SME News Northern Enterprise Awards and rewarded with the title of Probate Lending Experts of the Year 2022. This prestigious accolade is testament to the hard work and dedication of the firm and its determined team. “We pride ourselves on meeting the needs of our customers and building strong relationships with our clients,” says Dicky. “We look for motivated, genuine staff members who want to help to continue to deliver our excellent customer service. We wouldn’t be able to deliver on our goals without the full support of our people.” Now, as Tower Street Finance looks to the future, it seems that there is a lot in store for the firm as the probate lending market continues to grow and has recently announced a £100 million senior secured credit facility which will enable it to continue driving its ambitious growth strategy. “We have seen exceptional growth since our founding in 2019 and we intend to continue this in the coming year. Probate lending is a huge market in the US, and we believe our products can help many more people in the UK as they become aware of the sector.” Contact: Dicky Davies Company: Tower Street Finance In Harrogate Web Address: Probate Lending Experts of the Year 2022