If a claim is successful and redress is awarded, our partner solicitors will charge you a fee:
| Band | Compensation received from Lender | Compensation received from Lender | Our Fee % (Including VAT) | Max total Fee payable (Including VAT) |
|---|---|---|---|---|
| Lower (£) | Upper (£) | |||
| 1 | £1 | £1,499 | 36% | £504 |
| 2 | £1,500 | £9,999 | 33.6% | £3,000 |
| 3 | £10,000 | £24,999 | 30% | £6,000 |
| 4 | £25,000 | £49,999 | 24% | £9,000 |
| 5 | £50,000 | N/A | 18% | £12,000 |
• For example, if You receive Redress of £1,000 from the Third Party, Our Fee will be £360 including VAT. If You receive Redress of £3,000, Our Fee will be £1,008 including VAT. If You receive Redress, of £10,000 Our Fee will be £3,000 including VAT. If You receive Redress of £25,000, Our Fee will be £6,000 including VAT. If You receive Redress of £50,000, Our Fee will be £9,000 including VAT.
• Note: Total Redress means the Gross Amount of compensation. Payment of Your Redress will be by bank transfer, after the deduction of Our Fees. Once the Third Party offers Redress, You will be contacted with the details for Your acceptance of the Redress offered. After Your acceptance, You will then be provided with an itemised bill containing the work Mark Leckie has done on Your Claim, as well as the calculation of Our Fees.
Your solicitor can only act on a No Win, No Fee basis if:
• Your claim has a reasonable prospect of success (typically 50% or higher).
• Suitable legal protection insurance is in place (or your existing policy provides cover).
• You meet the criteria set out in the solicitor's Terms and Conditions.
• You comply with the insurance policy requirements throughout the claim.
If No Win, No Fee terms are not suitable for your case, the solicitor will explain why and outline any alternatives available.
