Affiniti’s loan scheme is designed to be offered to anyone, whether individual or corporate, that has commenced proceedings for damages arising out of a legal wrong, whether a personal injury claim, financial claim on divorce, contractual dispute, contentious probate etc.
Affiniti will lend in circumstances where, having assessed the merits and value of your claim and the credit standing of the defendant/insurance company, we believe the prospects of success are sufficiently great to cover at least the amount being loaned and the accruing interest.
The loan can be used for any purpose: legal costs, medical expenses and/or day-to-day living expenses.
There is a minimum of £2,000 and a maximum of £100,000 which we will lend depending on the specific circumstances of your case. The money is either paid to you or, at your direction, to your solicitor.
The loan contract is between you and Affiniti, although your solicitor has obligations to us as part of your loan, namely:

a) to pay off the loan from any proceeds they receive as part of the settlement before the remainder is passed to you;
b) to communicate anything material to the loan that happens during the conduct of the litigation.

The loan itself is unsecured, although we will require an undertaking from your solicitor to repay the loan plus accrued interest out of the proceeds of the case.
No, the litigation is pursued in your name and you will have the sole conduct of the case. Only in the event of default under the loan agreement will the benefit of the claim be assigned to us.
The charging structure is transparent and straightforward. There are no administration charges nor early repayment penalties. The only cost of borrowing the money is the simple (not compounded) interest which Affiniti charges. This will depend on the amount borrowed and the assessment of the case.
There is no requirement to take out ATE insurance. However, you may choose to use the money for this purpose in order to protect yourself from an adverse costs claim in the event that the case is lost.
Interest is calculated on a simple basis charged on a daily basis i.e. there is no compounding of interest.
All the interest is rolled up so there is nothing to pay us until the loan is settled. As we do not compound (i.e. charge interest on interest) there is no cost penalty for waiting until settlement. The total interest you pay is at the same rate if you pay it after settlement as it is if you pay it in monthly instalments during the course of the loan.
Yes, Affiniti is regulated by the Financial Conduct Authority to . Our registration number is
No, the loan is non-recourse. If the claim fails, Affiniti will write off the debt and interest and there will be no further recourse to you. In the event that the proceeds of the claim are insufficient to discharge the amount of the loan and the interest, Affiniti will write off the balance and, again, there will be no recourse to you.
Once we have received and approved the loan application, we will ask you to request that your solicitor provide us with all relevant paperwork in relation to your case. Once all of the required paperwork has been received, we will undertake our own assessment of the case and make an offer to you accordingly. This will take no more than 7 days. There is then a 14 day “cooling off” period before the loan is made. Provided we receive the paperwork from your solicitor quickly, we anticipate that the whole process should take no more than 4 weeks.
Yes, but there is a requirement for a solicitor to be registered with Affiniti.
No, you need to be represented by a solicitor in order to apply for a loan from Affiniti.
If you disinstruct your solicitor after we have made the loan to you or act in ways which undermine the good faith nature of the relationship, you will be in breach of the loan agreement and the amount of the loan plus accrued interest becomes repayable immediately.
The first step is to complete a loan application form. We will then consider your application (which will take no more than 48 hours) and, if successful, we will then send you a draft loan agreement for your consideration and a letter of authority for you to send your solicitors. After we have received the paperwork from your solicitors, we will assess the claim and, if approved, make an offer to you based on our assessment. If you are happy to proceed and the loan agreement and solicitors undertaking is returned to us (and the 14 day cooling off period has expired) the loan will be made available.
Even though we are primarily making a decision to lend based on our assessment of your claim, we are required by the FCA to undertake an assessment of your financial circumstances. Fundamentally, we need to know that you are not insolvent and that you therefore have the right to bring the claim. However, we will ask additional questions to understand more about your financial circumstances, for example, are you in an Individual Voluntary Arrangement, do you have any County Court or other judgments?

All information will be assessed, although the merits, value and collectability of the claim will be the overriding consideration.

No, there is no requirement for this but you are free to take independent legal advice if you wish. Our procedures are simple and transparent and all of our documentation is written in clear and straightforward English. We are also obliged by the FCA to explain fully to you the implications if the loan is not repaid or you breach the terms of the loan agreement.
Assuming that you loan application is successful you will be required to sign the loan agreement and your solicitors will be required to sign our standard form of undertaking.
The period of the loan lasts for the length of time it takes for the litigation to be concluded, either by the Court or by negotiated settlement. However, Affiniti reserves the right to demand immediate repayment in the event that you act in such a way as to undermine the good faith nature of the relationship, for example, by disinstructing your solicitor or failing to assist the solicitor in the furtherance of the case.
If you are dissatisfied with your solicitor for good reason, you may instruct a new firm. However, as your solicitor will have given Affiniti an undertaking regarding repayment, any new solicitor would have to be prepared to give the same undertaking on taking over the conduct of the case. If the new solicitor is not willing to replace the undertaking you will be in breach of the terms of the loan agreement and the loans and accrued interest will become repayable to us immediately.

If you discontinue the proceedings for no good reason, apart from having to pay the other side’s costs, the loan plus interest will become repayable by you. If, however, during the course of the litigation, the circumstances change so that a successful outcome is no longer achievable, you may be advised that the best outcome is to continue the proceedings on the basis that each party bears their own costs. Provided we are satisfied that this is the only possible outcome, the loan plus interest will be written off.

No, your solicitor does not recommend the scheme. The scheme is one funding option potentially available to you and you should explore other sources of borrowing to ensure this is the best choice for you. Your solicitor may refer you to Affiniti if our product meets your requirement but the solicitors receive no financial incentive from us for doing so.
There is no requirement to tell the other side about the loan. However, if the loan is being used to pay for your legal fees or disbursements, your solicitor may want to notify the other side because you may be able to claim the interest element back as part of your claim for damages. You will need to discuss this with your solicitor.
The Court has the power to include the interest payable on the loan as part of your claim for damages if the loan has been spent on legal fees/disbursements.
The loan period is linked to the timing of the outcome of the claim, whether it is determined at trial or settled at an earlier stage.
Yes, there are no penalties for paying off the loan early. We calculate interest daily so the shorter time that you have the loan the less interest you will pay.
Yes, but only in the event that you decide to repay the loan before the outcome of the case is known. Once the outcome of the case is known, assuming it is successful, then in accordance with the solicitors’ undertaking, the loan and accrued interest (assuming there are sufficient proceeds) must be repaid in full from the proceeds of the claim.
The loan will remain in place for as long as it takes the case to be heard or to settle. No extensions beyond this time will be given.
Once you have read these FAQs, if you are interested in the scheme, then please contact us to make an application.