Industry News

Law Society Contract Rate Increase

14 October 2016

The Law Society’s ‘contract rate’ is the shorthand reference to an interest rate used in many property and other contracts, in which interest is payable by a party in default and other deferred payment scenarios.  

From 6 August 2016, this increased to 4.25%, following the interest rate reduction announced by the Bank of England. 


Ian Braithwaite
Client Relationship Manager

T: 0113 385 4483
M: 07432 695 289
E: ian.braithwaite@lbslegal.co.uk

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