Wesleyan Bank – practising certificate spread payment facility
Spread the cost of your practising certificates over 10 months.
The MySRA portal officially opens on Monday 11 October at 1pm, and thousands of solicitors will be starting to apply for their practising certificates for 2021/2022.
Practising certificates often place additional pressure and strains on cash flow for law firms.
Working closely with the Solicitors Regulation Authority (SRA) and as a strategic partner to the Law Society, Wesleyan Bank has provided a spread payment facility for these fees for many years, allowing you to maintain your cash flow by spreading the cost over time.
To use this facility, you'll need to know the exact amount of your fees, together with the SRA invoice number.
Both these details will show on MySRA once the ‘bill me’ option has been selected. The invoice number will begin with “INV” followed by nine digits.
The minimum amount of fees that Wesleyan Bank can fund is £1000.
A step-by-step guide on how to apply
- Go to MySRA and make a note of your invoice number and the amount due
- Select the 'bill me' payment option when completing your SRA submission, which will bring you through to the Law Society website
- Follow the link to Wesleyan Bank's spread payment facility portal
- Get an instant quote and apply using the invoice details you noted down from MySRA
- The funds will be paid directly to the SRA
If you’d like to use this facility, please apply as soon as possible after 1pm on Monday 11 October and remember to include your invoice number on your application.
Payment will be made by BACS once your application has been approved.
The Law Society is an introducer appointed representative of Wesleyan Bank Ltd.
With regards to this product Wesleyan Bank is not an agent of Premium Credit. Wesleyan Bank acts as a credit broker and Premium Credit Ltd is the lender. Premium Credit will pay commission to Wesleyan Bank for any credit agreement activated under this finance programme. The amount of the commission is a set percentage of the credit advanced. The commission payment is paid out of the ‘credit charges’ charged by Premium Credit to Borrowers.
Depending on the circumstances and where required by law, loans will be regulated by Financial Conduct Authority and the Consumer Credit Act. Written quotations are available on request from Wesleyan Bank Ltd. Credit facilities are subject to status and only available to UK residents over the age of 18.
Both Wesleyan Bank Ltd and Premium Credit reserve the right to decline any application. In the unlikely event yours is declined, you’ll need to pay the SRA in full by the deadline.