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Solicitors

Clinical negligence

Novitas loans can empower clients and law firms to fund a range of clinical negligence cases.

Novitas Loans has ceased approvals of lending to new customers who require clinical negligence litigation funding. 

We will continue to focus on managing existing cases in the best interests of our customers and to process drawdowns against existing loan facilities. We will also continue to consider applications for extension funding. Any loan applications where an offer has not been made will unfortunately not be progressed any further.

We would like to 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