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Divorce action funder failed to carry out checks before lending £232k

5th December 2022

Law Gazette

Litigation lender Novitas failed to carry out any checks on a borrower’s income before lending her £232,000 to pay divorce costs, financial watchdogs have concluded.

A Financial Ombudsman Service (FOS) investigation, the outcome of which has been seen by the Gazette, found that Novitas acted unfairly in the matter and should repay all interest and charges.

Read the full article here: Law Gazette

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