One of the most common questions we hear at Lendworth is:

“Can the executor of an estate get a mortgage on the property?”

The short answer is:

YES — but only under specific legal conditions.

And if you meet them, Lendworth can fund you within 24–48 hours.

Let’s break down exactly how it works in Ontario.

🔍 1. Can an Executor Legally Mortgage an Estate Property?

Yes — if the Will grants the executor the authority to encumber or mortgage property.

Most modern Wills include a clause that allows the executor to:

• Sell

• Mortgage

• Lease

• Or otherwise deal with estate property

However, if the Will does not include this clause, the executor may need:

• Court approval, or

• Consent of all beneficiaries

💡 Tip: If the property is needed to pay debts, CRA balances, mortgage arrears, or to avoid a Power of Sale, courts generally approve.

🔍 2. When Would an Executor Need a Mortgage?

Estate properties often require cash before probate finishes.

Executors typically seek financing when:

✔️ Property taxes are behind

✔️ Home is in disrepair and needs renovation before selling

✔️ Beneficiaries want their payout early

✔️ The estate is asset-rich, cash-poor

✔️ The lender is threatening power of sale

✔️ Probate is delayed, but bills must be paid

✔️ There are legal fees, CRA debts, or credit issues linked to the estate

✔️ The executor wants to buy out siblings and keep the home

A mortgage becomes the fastest and most cost-effective solution.

🔍 3. Can You Get a Mortgage if Probate Is Not Complete Yet?

YES — with private lending.

Banks will not lend until probate is complete.

Private lenders (like Lendworth) can finance:

• Pre-probate loans

• Estate bridge loans

• Executor mortgages

• Inheritance buyout loans

We lend based on equity, not income or the estate’s credit score.

🔍 4. Who Signs the Mortgage Documents?

The executor, in their legal capacity as the estate trustee.

Example:

“John Smith, as Estate Trustee for the Estate of Mary Smith”

Executors do not personally guarantee the loan unless they choose to.

🔍 5. How Much Can Executors Borrow on an Estate Property?

At Lendworth, typical limits are:

• Up to 75% LTV on clean residential

• Up to 65% LTV for rural properties

• Up to 60% LTV if major repairs are needed

• Up to 80% LTV in some cases with strong value

Funding amounts usually range from:

💰 $50,000 – $2,500,000+

🔍 6. Common Situations Lendworth Funds

We see these files every week:

🟢 Case 1 — Executor needs cash to finish probate

“Probate takes 4–8 months, but bills keep coming.”

A small mortgage keeps the estate afloat.

🟢 Case 2 — Renovation loan to maximize sale value

Estate homes often need:

• cleaning

• painting

• roofing

• staging

• repairs

We fund it, and the sale price goes up.

🟢 Case 3 — Power of Sale protection

We stop lender action same day.

🟢 Case 4 — Buying out siblings

One heir keeps the home; the mortgage covers the payout.

🔍 7. Can the Executor Put the Mortgage in Their Own Name?

Yes — if all beneficiaries consent

OR

If the Will authorizes the executor to acquire estate assets.

This is common when the executor wants to keep the home personally.

Lendworth can structure this as:

• A refinance

• A buyout loan

• A bridge loan until title is transferred

🔍 8. What Documents Does Lendworth Need?

We can issue approvals within 1 hour with:

✔️ Copy of the Will

✔️ ID of executor(s)

✔️ Property address

✔️ Approximate value

✔️ Any existing mortgage statements

✔️ Probate status

We do not require income proof.

🔍 9. How Fast Can an Executor Mortgage Close?

With Lendworth:

24–48 hours (often same-day)

Banks:

⛔ 30–90 days

⛔ After full probate only

⛔ Multiple income docs, notices, legal reviews

Private estate financing exists because executors need fast access to capital.

🟦 LENDWORTH: Ontario’s Estate & Probate Mortgage Specialists

For executors, we offer:

🟩 Equity-based approvals

🟩 No income verification

🟩 No credit requirements

🟩 All of Ontario covered

🟩 24-hour closings possible

🟩 Power of sale prevention

🟩 Estate renovation loans

🟩 Beneficiary buyout loans

📞 Call us today: 905-597-1225

🌐 Apply online in 60 seconds at Estate Loans

Your equity deserves more™

Serving: Toronto • GTA • Vaughan • Ontario