Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
It is now possible to get a barristers opinion whenever you need it for £300 a year. If you want a written opinion, including a carefully considered funding strategy that’s an extra £500. BARGAIN!
Having been involved many times in litigation in my former business (which ranked #38 in The Sunday Times Profit Track 100 in 2008) and more recently as a landlord fighting the tracker margin rate hikes imposed by West Bromwich Mortgage Company and Bank of Ireland, I know first-hand how much litigation costs. Rarely has it cost me less than £10,000 in legal fees to obtain a “Barrister’s Opinion”. It usually starts off with a chat with a solicitor. They ask for lots of information and that’s when the meter starts running.
My previous experiences with litigation have been very similar to that feeling you get when you jump into a taxi and the driver purposely takes you into the rush hour traffic when you strongly suspect there is a much faster route he’s aware of!
Recently I was invited by Cotswold Barristers to assist them with the development of a unique new product called “Litigation Warranty”. Members of the Action Group against West Bromwich Mortgage Company will already be familiar with Cotswold Barristers as they are fighting our case for us. For those readers who don’t know them, they are a pioneering set of Direct Access Barristers and are authorised and insured to conduct litigation work without the involvement of a solicitor. The advantage of this is that costs are reduced considerably as well as being fixed up front.
One of the things I like best about dealing with Cotswold Barristers though is that they are so responsive and modern thinking. They use the latest forms of communication and if a face to face meeting is required they will meet you at your convenience, either in person or via their state-of-the art video conferencing suite within their Chambers. No more traipsing into a solicitors office with an open cheque book!
Several Property118 members have posted Testimonials on the Cotswold Barristers website LINK.
The Litigation Warranty is the logical evolution of the fixed fee services provided by Cotswold Barristers. The Warranty costs just £300 a year for any business, regardless of size, and entitles the business to free telephone or video conferences to obtain one to one advice directly from Counsel whenever a litigation based matter arises. Furthermore, if Counsel and his client (claimant or defendant) agree that a claim or defence is worthy of pursuit, the cost of obtaining a written opinion from Counsel (including strategy and funding options) can be obtained by paying a claim excess of just £500. That is without any shadow of a doubt the most cost effective legal service I’ve ever come across for litigation!
It is also possible for anybody over the age of 18 to promote the Litigation Warranty product and to earn commission at the rate of 30% of the initial warranty premium and 20% of renewal premiums. Barristers can’t pay commission but Warranty providers can, hence the two brands being separated 🙂 For Property118 members this goes one stage further, in that an additional 10% “network commission” becomes payable if the “Affiliate” enters our Network code at the point of application. In other words; the commission is 40% (£120) in year one for successful introductions via Property118 members. There is no cost to set up an Affiliate Account.
Our network code is: P118 (remember to use this if you sign up to become an Affiliate)
I can see some very good reasons for all businesses, including landlords, to purchase a Litigation Warranty. None of us know when we might need quality legal advice. I suspect that many Property118 members have other business interests too and may also belong to business networks or have websites of their own. By increasing awareness of the product it is very simple to earn money. No selling is involved, just send people a link or post it on social networks, a blog or your website – just like I’ve done here.
Anybody who buys a Litigation Warranty within 90 days of clicking the banner below will be helping Property118. I have personally invested into Litigation Warranty and have also set up an Affiliate Account so that Property118 will receive £120 commission for every sale we introduce 🙂
Please click on the banner below to learn more and please tell other business people about this unique and innovative new product.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More