‘Irresponsible’ and ‘unfair’: Litigation funder Novitas Loans penalised after lending money to both parties in couple’s dispute

The Financial Ombudsman Service found that Novitas Loans had funded both sides of a property dispute simultaneously — creating a direct conflict of interest the company failed to manage or disclose. The FOS ruled the lending irresponsible and the arrangements unfair, ordering redress to the borrower.