Novitas Family Loan
A Novitas Family Loan allows qualifying individuals who would struggle to pay for legal services and court fees up front to repay the loan at the end of the legal process from the proceeds of the settlement rather than staying in an unhappy marriage whilst they save or incur debts from elsewhere.
In many relationships, particularly those which involve children, one partner can be the sole breadwinner while the other forfeits their own income to stay at home and look after the children. But if the marriage comes to an end, the non-earning partner can be financially isolated and may feel unable to seek legal advice for fear of the cost involved.
This issue has lead to an increase in people representing themselves in court. Funding a divorce through Novitas is particularly helpful for people in this situation with no regular income, yet with sizeable assets, so that when the legal formalities are resolved, their loan will be paid off upon settlement, and they can move forward with their lives.
For more information on funding a divorce through a Novitas Family loan call our specialist divorce team on 0203 816 0548 or complete our online enquiry form and a member of the team will contact you directly to discuss the options available to you.