Claiming Interest

You are entitled to ask for Interest on the amount you are claiming, this is currently 8% per year. If you want to claim interest you must put on your claim that you want your opponent to pay interest.

You are entitled to claim interest from the date of your "Claim Form" (for Claim Form see How to Claim) until the date of the trial.

You may be suing under the terms of a contract which already provides for payment of interest. This may be a different figure to the 8%. You can claim the interest rate set out in the contract. This can be claimed from the date the money was due until the date of the Final Hearing.

Search for more free legal information