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Family

Funding the legal cost of family proceedings
Family

Novitas is the leading provider of legal fee funding for family proceedings. Used by over 700 firms of family solicitors across the whole of the United Kingdom. Novitas will fund financial proceedings and children matters, whether using a court process, arbitration or mediation. Loans can be secured or unsecured and are unserviced by the client.

In Partnership with:

 

TOLATA cases can also be funded. The loan is provided as a facility, the solicitor draws down what is needed, when they need it, providing fast and efficient lending. There is a single agreement  put in place between the solicitor and Novitas; this covers all loans that Novitas provides to the law firm clients.

Key benefits

  • NO financial undertaking from the solicitor - all the lending risk sits with Novitas
  • Improve cash-flow - loan paid to the solicitor upfront improving cash-flow
  • Pre-approval of funding - loan approved all the way to final hearing but interest only paid on what is drawn down
  • Rapid lending decisions - clearly defined, simple lending criteria
  • Flexible timing - use the loan at any point during the proceedings
  • No cash outlay for your client - the interest and set-up fee are rolled into the loan
  • No need to manage assets - we lend without any consideration of assets to manage post settlement

What our clients say.

We are delighted that Novitas have introduced this innovative new lending product for contested probate matters. The loan enables genuine claimants to gain access to justice at a timeof great emotional difficulty.

Martin Holdsworth, Partner, Jones Myers

Novitas provides an invaluable service to family law practitioners and clients where immediate cashflow is a problem. I would recommend Novitas without hesitation.

Emma Harte, Partner, Alexiou Fisher Philipps