Does the loan repayment come from the proceeds of my settlement?
Repayment is made either from the proceeds of your claim, or from the insurance. You will instruct your solicitor to make the repayment from your settlement before they issue you the remaining balance.
Repayment is at the end of your proceedings, but if you breach the loan agreement we may ask for repayment of the loan at any time. This can include, dis-instructing your solicitor without our agreement or failing to follow advice from your solicitor in any material way that impacts whether Novitas will be able to recover the monies loaned to you.