Matrimonial Client Loans
Clients take a divorce loan to pay professional fees and disbursements:
- Repayment from the divorce settlement
- Divorce, civil partnerships and trusts of land cases covered
- Interest payments can be deferred
- Simple online loan process - minimum bureaucracy
Client Loan for Divorce Costs:
- 1.25% interest per month (15% per annum) on the drawn balance - £12.50 per month per £1,000 borrowed
- £75 fee when the loan is set up - fee is added to the loan balance
- £20 fee whenever a drawdown is made - fee is added to the loan balance
No legal, valuation, advisory or security costs to pay.
All loans are underwritten by your firm but remain off balance sheet
Security is required in the form of a solicitor's guarantee and a client undertaking to their solicitor to pay the loan balance from the proceeds of their case.
Follow this link for full details of our scheme
Email to info@lime-finance.com or call 01782 638500 or contact us
Representative Example:
Amount of credit: £25,000 for 12 months. Interest £3,750. Interest rate 15% per annum (variable). Set up fee £75 and Drawdown fee £20. Initial payment of £95 followed by 11 monthly payments of £312.50 and a final payment of £25,312.50. Total payable £28,845. Representative 16.5% APR (variable)
Lime Finance, Queen's Gardens, 31 Ironmarket, Newcastle, Staffordshire, ST5 1RP
Authorised & Regulated by the FCA - 728998
