If your solicitor believes a Novitas loan is appropriate for your circumstances, they'll submit an application to us on your behalf.
An insurance policy will be arranged for you which will repay the loan if your case is unsuccessful.
Your solicitor will draw down money from your loan to pay expenses related to your case. You’ll receive regular statements showing exactly what funds are being drawn.
If your case is successful your loan is repaid from your settlement and the remainder is passed to you. If your case is not successful your insurance policy covers the repayment and you do not pay anything.