Temple Funding is delighted to announce that the annual rate of interest charged for Disbursement Funding will be reduced from 15% to 10% per annum on 1st July 2018. This reduction is made in accordance with our ongoing commitment to responsible lending within a rapidly growing and largely unregulated sector.
Disbursement funding has become increasingly popular, due to its ability to reduce a firm’s cashflow burdens and attract new business.
By reducing the interest rate for your commercial clients, we aim to demonstrate our commitment to stable and financially fair litigation funding solutions.
As a regulated law firm, funding decisions for your clients’ legal disputes must be made on the basis that their interests come first.
This principle is aligned with our philosophy of responsible lending and a commitment to transparency. Since we are fully authorised and regulated by the Financial Conduct Authority (FCA), you and your clients can be confident that our company and our services are secure and reliable. It is one of the reasons we have developed longstanding commercial partnerships with many leading UK law firms, along with our class leading level of service.
There is nothing hidden and there are no external or offshore investors or third-party relationships. All all our funds are held wholly within the UK and the business is owned by the directors, which gives total peace of mind and direct access to the board.
Temple Funding is changing the way law firms manage disbursement costs for clients. If you already know about us then you’ll have seen that we do things differently. If you haven’t worked with us before, this is an opportunity to find out how we can work alongside your firm so that you can efficiently convert those uncertain enquiries into client instructions.