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Mortgages

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Mortgages

We are not allowed to advise or promote any financial services. We do not hold ourselves out as qualified to do so. This note is intended simply to provide some useful generic information to those who are inexperienced in dealing with mortgages.

There are two principal types of mortgage:-

Repayment

Each month you pay interest and a small sum of capital – the idea is that over the mortgage term the amount outstanding gradually reduces (and with it the monthly interest) and the monthly capital element increases – so that the mortgage is fully redeemed at the end of the term.

Interest Only

Each month you pay interest only. The mortgage lender will require you to have an alternative savings mechanism to raise enough money to repay the mortgage at the end of the term – this might be, for example, savings or a pension scheme.

A conventional mortgage may be for a term of 25 years. Longer mortgages are sometimes available for younger purchasers – or shorter ones for older buyers to ensure that the loan has been repaid before retirement.

There are a variety of further permutations possible, for example:-

  • Should the mortgage be for a fixed interest rate – or a variable one?
  • Sometimes discounted mortgages may be available – but these often involve the risk of paying heavy penalties if the mortgage is redeemed before a specified date.
  • Always be cautious and consider “affordability”. What would be the impact of:-
  • A rise in interest rates and/or
  • A reduction in your income

We would always urge you to take advice from an independent mortgage broker – rather than simply speaking to “your” bank (who will only offer their own products) or relying on online “comparison” websites who cannot offer the depth of experience of an experienced specialist advisor.

Employment Law- Fixed Fees

INITIAL FREE HALF HOUR APPOINTMENT

This includes:- Attending you for a preliminary appointment to see whether you have a case or can defend a case. Please note that this is for 30 minutes only and does not include advice in writing.


We are able to offer fixed fees to both claimants and respondents in relation to Employment Tribunal claims. Please contact us for specialist advice and further details.

Preliminary Advice

This includes:

Taking instructions (up to 1.5 hours)

Detailed advice letter

 

Fee £250

VAT @20%

TOTAL £300

Employment Tribunal Proceedings

Advising employee on an Acas Early Conciliation Notification (now an essential first step before lodging an employment claim)

 

Fee £200

VAT @20%

TOTAL £240

  

Preparation of a Claim Form ET1 on behalf of an employee

 

Fee £400

VAT @20%

TOTAL £480

  

Preparation of a Claimant's Schedule of Loss

 

Fee £200

VAT @20%

TOTAL £240

 

 Preparation of a Claimant's List of Documents

 

Fee £400

VAT @20%

TOTAL £480

 

Advising an employee in relation to a flexible working request

 

Fee £400

VAT @20%

TOTAL £480

 

 Preparation of contracts of employment and statutory terms and conditions

 

Fee £250 - £400

VAT @20%

TOTAL £300 - £480

  

Preparation of standard disciplinary and grievance procedures

 

Fee £400

VAT @20%

TOTAL £480

 

Drafting and preparation of Respondent’s Response ET3

 

Fee £400

VAT @20%

TOTAL £480

Preparation of Witness Statements

Fee £200 - £400

VAT @20%

TOTAL £240 - £480

Lynn Parris

Conveyancing Executive
CONTACT

Nadine Ashford

Solicitor
CONTACT

Nicola Davies

Chartered Legal Executive
CONTACT

Robin Comber

Chartered Legal Executive
CONTACT
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Eastbourne Office

11 Hyde Gardens
Eastbourne
East Sussex 
BN21 4PP
Tel: 01323 720142
DX: 6902 Eastbourne

Lewes Office

Sackville House
Brooks Close
Lewes
BN7 2FZ
Tel: 01273 480234
DX: 3103 Lewes 1
(by appointment only)

Peacehaven Office

10a Horsham Avenue
Peacehaven
East Sussex
BN10 8LL

 Tel: 01273 582680