Wesleyan Bank – practising certificate spread payment facility
Spread the cost of your practising certificates over 10 months
The MySRA portal is now officially open, and thousands of solicitors will be starting to apply for their practising certificates for 2020/21.
SRA practising certificates often place additional pressure and strains on cash flow for law firms. In line with the SRA and as the only strategic partner that provides finance to the Law Society and its members, 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 will 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.
Please note that the minimum amount of fees that Wesleyan Bank can fund is £1,000.
A step-by-step guide on how to apply
- go to MySRA and make a note of your invoice number and the amount due
- once you have your total fees, visit 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
Be sure to make a note of the precise amount you need to finance and the SRA invoice number before attempting to apply online. The invoice number will begin with INV followed by 9 digits.
Wesleyan Bank do not guarantee to accept all applications. In the unlikely event yours is declined, you’ll need to pay the SRA in full by the deadline.
If you’d like to use this facility, please apply as soon as possible after Thursday 1 October and remember to include your invoice number on your application. Payment will be made by BACS once your application has been approved.
Wesleyan Bank acts as a broker and a lender. The Law Society is an introducer appointed representative of Wesleyan Bank Limited.
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. Wesleyan Bank Ltd reserves the right to decline any application.
Depending on the circumstances and where required by law, loans will be regulated by the Financial Conduct Authority and the Consumer Credit Act. Wesleyan Bank Ltd (Registered in England and Wales No. 2839202) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services register No.165116).
Registered Office: PO Box 3420, Colmore Circus Birmingham B4 6AE. Tel: 0800 358 1122. www.wesleyanbank.co.uk
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