Our Vacation Promotion means we've discounted our fees to just 5%
Your want to Release | Our Fees @ 5% | Repayment Terms |
---|---|---|
£1,000 | £50 | up to 90 Days |
£10,000 | £500 | up to 90 Days |
£100,000 | £5000 | up to 12 Months |
How the Charges Work
Almost all types of Buyers & Limited companies are able to use Fee Release, and we will start accepting applications from Sole Traders in May 24. This may change at any time so keep checking back for updates.
Once you've registered then you can Log in to your Account anytime and it then only takes minutes to settle via Fee Release. We will then process your application and successful payment depends on the seller's (i.e., the one that issues the invoice) and buyer's (i.e. the one who wants to pay that invoice) details being approved. Initial credit checks and scoring via Fee Release allow us to align and approve your application to our designated lending partner(s).
All of this is completed within 24hrs and we notify all parties that payment is being made.
You can make your application(s) 24/7 with Fee Release via our on-line platform or Barrister App* and the quickest and simplest way is via the Apply Now buttons on every page.
If you need additional help or we have a question about your application then our customer support hours and via our chatbot are currently Monday to Friday 9.00am to 6.00pm or via team@feerelease.co.uk
*Barrister app late 2024
If you are the Seller i.e. the Company/Firm/Barrister that issues the Invoice, then it costs nothing to use Fee Release as charges are placed on the buyer
If you are the Buyer i.e. the recipient of the Invoice, then it's important to note that like any business Fee Release charges for its services. Our standard 7.5% fee applies only to the person or business paying you, charges deducted before transfer and not from your Invoice.
Here's a Typical Cost Example: You apply to release £1,000. Applicable costs incurred to you are £75. You can pay this £75 upfront or we will transfer the Invoice amount minus applicable costs - so £925 - to cover the invoice and you can settle the balance (£75) directly with them.
Fee Release charges must be settled prior to your credit or loan being released. All charges are clearly listed prior to you going ahead with your application.
This is BNPL for firms & business clients so they can pay all or some of your Invoices now but spread the actual cost over many months*
Here's a Typical Cost Example: You as the buyer, apply to release £1,000. Applicable Fee Release costs incurred to you are £75. These costs (£75) are either settled by you before the transfer or Invoice amount minus applicable costs will be directly transferred and deposited into your Sellers designated bank account.
We will let you know how you can settle the Fee Release costs directly with us before the transfer of funds to the Seller and they will receive 100% of the invoice due. Alternatively, we'll transfer the amount minus costs to them. Any shortfall between the Invoiced amount and the amount they receive will need to be paid, or renegotiated with them by you.
The first step of the application process requires that you upload the Invoice or Fee Note you would like to settle. It must show all relevant details including the bank account details of the seller. Remember, almost all types of businesses and limited companies can use Fee Release, but unfortunately, sometimes we might not be able to find you the credit you require.
Complete your initial registration via the Apply Now page. Complete the VERIFICATION process before continuing.
Once you're approved & verification complete you'll have your own Account page, log in and out anytime to settle Invoices
Approved for Credit (your credit limit) will be shown as true and, if applicable, your new Credit Limit will be listed. You can choose what to settle (remember to upload each invoice) and how much you want to settle.
During your initial application process Fee Release will attempt to arrange a credit limit for you, our client. This credit limit is an indicator of the amount you can release via Fee Release. You can use your credit limit against this and other invoices from other buyers/suppliers/sellers, but like any credit limit it is reviewed & check each time you use it.
Each new application remains subject to approval and our charges will still apply on each individual application made irrespective of any credit limit we may have arranged for you.
We aim to process and confirm payment within 24hrs of your application. We then transfer that amount over to pay the invoice or fee note on set days per week, Monday to Friday. The date released is subject to the date of the application and any or all remaining Fee Release charges must be settled prior to your credit or loan being released.
No, the money to cover the invoice will be directly deposited into the designated bank account of the Seller i.e. the Company/Firm/Barrister that issues the Invoice.
90 Days are offered as standard on your first application, once you’ve used Fee Release for the first time we may be able to set up a unique repayment plan for repeat business. And/or offer instalment plans from then on larger invoices, just get in touch and let us know what’s best for you.
Fee Release currently facilitates credit & loan solutions for Law Firms, Barristers & Chambers and is not the direct lender of the credit supplied to you.
So the invoice you receive, to repay the loaned amount, will not be payable to Fee Release but to the Bank or Supplier of Credit that we arranged for you. You will receive an invoice from them with the repayment date once your credit is approved for Release.
By using Fee Release you are agreeing and bound by the repayment term you agreed during the application process. If you find yourself struggling to make a repayment you need to contact us as soon as possible.
You might just need just a few extra days while you’re waiting for another invoice payment, but the most important thing to do is get in touch by emailing clientservices@feerelease.co.uk
We will discuss your individual situation with you and see if we can assist, but it's important to note that Fee Release is the facilitator of the credit or loan solutions and is not the direct lender and they will expect repayment on the date agreed and under the terms you agreed in the repayment process.
Late Payment charges will be applied if you fail to honour the repayment date. Statutory interest is in line with the UK government recommendation of 8% above the base rate (currently set at 5.25%). This rate is applied per day. Plus a compensation cost on top, currently capped at £20.
If you don't agree with the Sellers Invoice or Fee Note i.e. the Company/Firm/Barrister that issues the Invoice, then do not use Fee Release to settle it.
By using Fee Release to settle an Invoice or Fee Note you are agreeing to pay the amount listed on that invoice or fee note. So if you don't agree with the amount, don't use Fee Release. Go back to the Seller to discuss.
The more you use Fee Release is likely to result in better terms, quicker (daily) payouts to Sellers, and better credit limits.
If you are a client who wants to settle an Invoice or Fee Note but you are not registered in the UK as a Limited Company or Sole Trader then we can't currently offer & arrange credit for you.
But we're growing and this is likely to change soon so keep in touch or email team@feerelease.co.uk to see if there's anything else we might be able to do for you.