No savings-No Fee
Fees For Rating Valuation Work
BMH and their clients are united by the principle that our work must be cost effective and you, the Ratepayer, do not want to end up by paying fees that are out of proportion with the savings made on your behalf.
For this reason our fees are based on a percentage of savings created by the appeal.
The percentages vary depending on:-
- The size of your assessment
- Whether this appeal is part of a portfolio of appeals on your other properties
- What sort of Valuation work is required from us
Fees to appear before a Valuation Tribunal
The only exception to this is in the rare instance when an appeal cannot be negotiated to your satisfaction and it become necessary to present your case to the Valuation Tribunals. In these instances your written instructions are sought and we make sure you understand the probabilities of winning at the hearing and the financial implications. We will then give you a fixed fee for the case preparation and advocacy and ask you to decide whether you wish to proceed. We never incur Tribunal costs without your instructions to do so.
Savings that last longer than 2 years
Example Rating Appeal (reduction from 1 April 2005)
Appealed RV £64,000 – BMH agreed reduction to £59,000
Savings are as follows:
| Year | Inflation Rate | Original Liability | Revised Liability | Savings |
|---|---|---|---|---|
| 2005/06 | 3.10% | £27,008.00 | £24,898.00 | £2,110.00 |
| 2006/07 | 2.60% | £27,712.00 | £25,547.00 | £2,165.00 |
| 2007/08 | 3.50% | £28,416.00 | £26,196.00 | £2,220.00 |
| 2008/09 | 3.50% | £29,376.00 | £27,081.00 | £2,295.00 |
| 2009/10 | 3.50% | £30,400.00 | £28,025.00 | £2,375.00 |
| Grand Total | £142,912.00 | £131,747.00 | £11,165.00 |
Fee is one year’s savings in rates payable £2,110 + VAT
Savings that last less than 2 years
Other work may produce savings for only a short period such as :-
Temporary Allowance for roadworks over 18 months
Savings in Rates Payable £8,000 [pic of roadworks]
Fee based on 25% at £2,000 + VAT
Savings from forensic work
New Certificate of Value affecting the first year’s transitional relief:-
Savings in Rates Payable £2,000
Fee based on 35% at £700 + VAT
