LS Litigation Funding Ltd.
Administration of Legal Expense & Disbursement Funding, &
Fund Management Liaison with Litigation Funders & Investors for all validated Mortgage Securitisation Claims (MSC’s).
Working on a direct basis with the approved panel law
firms (PLF’s) who are representing individual MSC Claimants.
Services
Legal Expense/Disbursement Funding
A pre-approved legal expense & disbursement funding facility will be arranged
and granted to all approved panel law firms (PLF’s) for each tranche of validated MSC’s allocated to the PLF.
The individual MSC Claimants will be required to sign a deferred Contingent Loan Agreement covering the entire facility, with accrued interest only being charged, if and when their specific MSC is successful.
100% Indemnity Until Successful
The gross value of each legal expenses/disbursement facility is covered 100% by third-party indemnity/insurance, which will repay the full gross value of all drawdown amounts requested by the approved panel law firm in the event of the MSC being lost or abandoned on advice of Counsel.
The indemnity excludes any deferred interest which is accrued until the MSC is successful, such interest being waived in the event that the MSC is lost or abandoned on advice of Counsel..
Individual MSC Administration
All documentation and statements relating to the individual MSC facility are
prepared and submitted to the approved panel law firm by LS Litigation Funding Ltd. and copied to the Litigation Funders or Investors.
The drawdown facility for the approved expenses and disbursements is only available against submission of invoices or credits where applicable, for all pre-approved fixed third party legal costs and expenses incurred by the panel law firm, on behalf of the specific MSC Claimant.
What Our Legal Advisors Say
LS Litigation Funding Ltd. have managed to bridge the void between the fixed initial legal expenses and disbursement costs, a law firm or claimant would have to pay themselves or claim from their own legal expenses insurance policy.
It is expected that disbursement costs and expenses will have to be covered in the interim until the claimants’ insurance policy comes into effect.
After almost 6 years of due diligence and test validations, the actual costs to prove that a claimant has a valid cause of action is less than £10,000 per MSC. However, even this relatively modest cost could prevent most consumers from pursuing their claim.
This funding facility gives all valid MSC Claimants the opportunity to have their claim handled by qualified legal representatives, with the backing of a large number of similar MSC cases being filed.
More Information?
Due to GDPR regulations, we are unable to discuss any details about any
specific MSC facility over the phone and, therefore would suggest that all enquiries are submitted in writing using the contact form link below.
lslitigationfunding.com 