Hodgkinsons Solicitors Skegness Lincolnshire
Costs & Late Payment
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Costs

 

We offer an initial consultation within which we are happy to discuss fixed fee arrangements in appropriate cases. We will always provide you with a note of our hourly charge rate for the expert involved where a fixed fee might be inappropriate. All assessments will be based upon experience, expertise and availability as well as the urgency of the case. Approaching the matter in this way will enable us to deliver the legal solution that you require in the most cost effective way.

 

Court Fee Scale to issue Claim Form

 

Court Fees to Enforce Judgment

 

Late Payment Interest

There are three possible methods of charging interest to the debtor as follows :

Contractual Interest

This is the rate of interest specified within your terms of contract.

 

Statutory Interest

This is the Court rate of interest, currently set at 8% pa under the County Courts Act 1984.

 

Late Payment Interest

The Late Payment of Commercial Debt Regulations 2002 allows you to charge interest for commercial debts at the annual rate of 8% above base rate for each day your invoices are overdue. Debts owed under the above are also subject to penalty charges depending upon the amount of debt.

 

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