ULP can source litigation finance for meritorious legal disputes against credit-worthy opponents, provided that the amount of damages that the litigant is claiming from their opponent exceeds the amount of finance requested to be borrowed.
We will seek to get you some or all of the following:
- an interest only loan with repayments charged from c.1% per month over a 1, 2 or 3 year term
- finance for your own solicitor’s costs and/or your own disbursements at any stage in the proceedings
- retrospective finance to release ‘sunk costs’
- insurance protection (if either you or the lender require it).
How does Litigation Finance work?
A loan is likely to prove less costly than funding if you win (costing only the interest charged on the loan), but it is recourse finance – meaning that the loan capital has to be repaid when the legal dispute is concluded or at the end of the loan period (whichever is the earlier).