Paragon Bank has agreed an eight-figure funding facility with probate lender Advanced Inheritance as the specialist finance provider targets further growth.
The facility, provided through Paragon’s Structured Lending division, will support Advanced Inheritance as it looks to double its lending volumes year-on-year during 2026.
Advanced Inheritance provides loans to beneficiaries and executors during the administration of an estate, allowing customers to access funds before the estate is ready to make distributions.
There are no regular borrower repayments and the loans have no fixed term, with repayment made by the estate once it is able to distribute funds.
SPECIALIST FUNDING
Paragon’s Structured Lending division provides facilities of between £5m and £35m to UK non-bank lenders across markets including property, SME finance, asset finance, automotive lending and retail point-of-sale finance.
Dan Baines, chief executive officer of Advanced Inheritance, says: “This partnership is a significant moment not just for Advanced Inheritance, but for the wider sector.
“It reflects a growing understanding that beneficiaries, executors and legal professionals need better access to finance during estate administration, and an increasing confidence in the role probate lending can play.
“We’re delighted to be working with Paragon Bank. It’s been clear throughout the delivery of this partnership that we share a strong customer-focused culture and a desire to tangibly improve outcomes for people navigating the probate process.”
‘CLEARLY EVIDENCED GROWTH’
Jamie Pickering (main picture), managing director of Structured Lending at Paragon Bank, says: “Advanced Inheritance has a well-earned reputation for supporting customers through what is often a complex and challenging process at a difficult time in their lives.
“Operating in a specialist and increasingly important area of the market, the firm helps executors and beneficiaries access funds when they need them most.
“The experience of the management team is impressive, demonstrating a disciplined approach to lending and a clearly evidenced growth record.
“This facility reflects Paragon’s commitment to backing ambitious businesses operating in specialist markets, and we look forward to supporting Advanced Inheritance as it continues to expand its offering and serve more customers across the UK.”
