 The holders of the first creation were later elevated to the peerage as Baron Aveland and Earl of Ancaster, which titles are now extinct.However, both baronetcies are extant .The Heathcote Baronetcy, of London, was created in the Baronetage of Great Britain on 17 January 1733 for Gilbert Heathcote, Lord Mayor of London in 1711 and one of the founders of the Bank of England.