You are here:
  1. Home
  2. Advice
  3. Practice Advice Service
  4. FAQs
  5. Interest rate: late completion

Interest rate: late completion

Question

How does the Law Society calculate its interest rate for late completion?

Answer

The Law Society interest rate is 4% above the base rate for the time being of Barclays Bank Plc. At the time of going to press, the base rate is 0.5% so the Law Society rate is currently 4.5%. The rate is published weekly in the Law Society Gazette's 'In Practice' page and monthly in the 'Data Page'.

Back to Question List