Have you inherited money and require a bridging loan pending finalisation? We provide bridging facilities to the beneficiary of a deceased estate, provided the relevant documentation is in order.
We will provide bridging facilities to the beneficiary of a deceased estate provided the following confirmation/documentation can be provided:
- Letter of executorship
- Copy of L & D account
- Confirmation that the final L & D account has been submitted to the master
- Letter of undertaking from the attorneys or executor attending to the winding up of the estate.
We would advance up to 50% of the cash portion of the settlement due to the beneficiary or a maximum of R100 000 (higher amounts may be approved with the consent of the directors)
The same/similar credit process etc will be followed as for matrimonial bridging.