Finance to level the playing field

You can use legal fee loans to pay your legal fees and reasonable disbursements, including barrister’s fees, expert reports etc. We can fund financial proceedings, children’s proceedings, and enforcement.

You can use funds to settle outstanding and future invoices, or they can be held in your solicitor’s client account ahead of a hearing.

We can also provide a separate loan facility to cover your living expenses or other reasonable costs during proceedings.

Make an initial enquiry here: Apply

In order to apply you need to have a solicitor instructed.

You can either contact us directly or ask your solicitor to enquire on your behalf. With the basic details of your case, we will be able to assess your eligibility for funding.

Your solicitor will then need to complete our application form. Assuming we have sufficient information, we aim to give an in-principal decision within two working days.

Proportionality is important to us. We will only lend if your projected settlement (provided by your solicitor) will greatly exceed your legal fees and the repayment of the loan.

Your solicitor will provide us with a cost projection and the likely outcomes of your financial settlement. Level will then lend a proportion of that settlement.

We have no maximum facility size.

The loan is set up as a draw-down facility so you can request funds as and when you need them.

You will only pay interest on the amount drawn down from the date that funds are transferred.

We will never make a payment without your written approval.

We pay legal fee funding directly to your solicitor’s client account and living expenses loans directly to your nominated bank account.

Typically, loans are secured by a Deed of Assignment, which assigns your settlement proceeds to be paid directly to your solicitor’s client account.

Your solicitor will ensure that these funds are used to repay all sums owed to Level under the loan agreement before they release any funds to you.

Applications are assessed on a case-by-case basis. As part of this process, we will ask your solicitor their opinion on the likely outcome of your case. There will need to be a path to repayment and sufficient headroom in your settlement.

We will usually require sufficient UK-based assets in you or your spouse’s names to consider an application.

For unsecured lending, you must be a UK resident. We may consider lending to a non-UK resident if security can be granted in the form of a charge over property or other assets.

We will also complete a credit reference check (with your permission) as part of the application. This will not affect your credit rating.

No. Interest is rolled up, only becoming due when the loan is repaid as a lump sum in accordance with the terms of the loan agreement.

The loan is repayable immediately once your proceedings have concluded, and the settlement has been paid into your solicitor’s client account.

The loan is also repayable at the expiry of the loan term which is decided on an individual basis depending on the status of proceedings and the anticipated route to repayment. If your case has not settled or proceeds of sale of an asset are not yet received, loan terms may be extended, subject to further underwriting checks and approval.

You can repay the loan whenever you want by requesting a redemption statement.

There are no early repayment penalties.