A well respected, award winning social enterprise
Volunteer run - Government and charity funded
We help 50,000 people a year through divorce

01202 805020

Lines open: Monday to Friday 9am-5pm
Call for FREE expert advice & service info


What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.


Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.


Interest on outstanding costs

  • acfair
  • acfair's Avatar Posted by
  • Elite Member
  • Elite Member
More
02 Aug 12 #346821 by acfair
Topic started by acfair
Can anyone help? I lost 30% share in my house and therefore had to pay my ex-partner''s legal fees which amounted to $45,000 although the share of the house was only £37,500.

However is it feasible that the solicitors can charge an interest rate of 8% on the outstanding costs when in the current economic climate nobody is getting any interest on their savings!

Any advice gratefully received.

  • NoWhereToTurnl
  • NoWhereToTurnl's Avatar
  • Platinum Member
  • Platinum Member
More
02 Aug 12 #346850 by NoWhereToTurnl
Reply from NoWhereToTurnl
Sorry that this is not what you want to hear but the interest rate payable on outstanding balance to solicitors is stated in the contract that is signed at the start of service. 8% is the typical rate, the rate quoted in my contract and the rate charged by the courts for outstanding fines etc. :(

NWTT

  • acfair
  • acfair's Avatar Posted by
  • Elite Member
  • Elite Member
More
02 Aug 12 #346865 by acfair
Reply from acfair
This is the other side''s solicitors. I have put in a formal complaint against my solicitors because they did not inform me that legal aid rates would become private law if I lost.

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11