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As well as the specially designed Professionals' Account, we have a range of other products and services that can make life easier for you as a busy professional such as:
- Insurance - our carefully selected partners offer a wide range of insurance policies including Professional Indemnity, to cover your firm's individual needs
- Current Accounts - our standard business current account pays professionals a great rate of interest on all credit balances
- Loans to pay Inheritance Tax - As you know, more and more of your clients need to pay Inheritance Tax following the rapid increase in property values which has taken many property owners above the Inheritance Tax threshold.Our Inheritance Tax Loan from Bank of Scotland available through our Professionals' Account enables the efficient payment of Inheritance Tax to allow you to administer a deceased's estate more efficiently. With our Inheritance Tax Loan, the Personal Representatives can borrow up to 40% of the value of the liquid assets of the estate (our arrangement fee is 1% of amount borrowed, with a minimum of £125). There are no early repayment penalties. Cheques provided are made payable to the Inland Revenue (re the deceased) and charged at a variable interest rate.
To apply for an Inheritance Tax Loan, simply download an application form here
Your home may be repossessed if you do not keep up repayments on your mortgage.
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Next steps
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| For more information on our Professionals' Account, call our team on 0207 699 8864, Mon-Fri 9am-5pm |
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