Solicitors
Clinical negligence
Novitas Loans has ceased lending to new customers.
We will continue to focus on managing existing cases in the best interests of our customers and to process drawdowns against existing loan facilities. Thank you for your understanding and support through this transitional period. Should you wish to discuss this further, please contact us on 0333 321 6070.
Repayment of the loan is from the proceeds of the case, with no recourse to the firm’s assets. Even if the case is not successful, it is backed by ATE insurance so all of the client’s repayment is covered.
Repayments covered, win or lose
- CCA (Consumer Credit Act) client loan to fund disbursements associated with the case
- Includes insurance to meet repayment if the case is lost
- No need for the client or solicitor to service the loan
- Open-ended loan term, use funds as and when needed
- Unlimited draw downs, up to the loan limit
Benefits for your firm
- Improved cash flow – no need to use your own money to fund cases
- Off-balance sheet lending
- Ability to take on more clients
- Upfront payment of third parties like medical experts, allowing you to strengthen relationships
- Simple administration and fast payment, all online