Treadstone Law LTD
Civic Centre, Unit 6 Etrop Way, Wythenshawe, Manchester M22 5RE
Tel: 0161 490 8960.

Authorised and regulated by the SRA under number 557858. VAT 110856242
Last updated: 17/12/2024

1. This agreement is a legally binding contract between you and us. Before you sign it and return it to us, please read it carefully.

2. The agreement is between Treadstone Law and you

3. This agreement relates to all the work we are to carry out in connection with pursuing a claim against a Financial Institution in relation to the alleged mis-selling of a financial product, or any funds recovered due to any type of financial dispute resolution you wish for us to pursue.

4. For all refunds recovered we will charge you 25% inclusive of VAT of the gross amount (pre deduction for income tax if applicable) of settlement or award resulting from your claim. For example for every £1000 of your settlement we will invoice you for £0 (0% of any successful claim).

5. Due to the unique way in which compensation can be awarded, consisting in certain circumstances not only of a cash lump sum but also a reduction in the loan may be awarded to you. For example if your total claim is £3000 and have arrears or a remaining balance of £1000 the total paid to you may be £2000 however your arrears will be cleared. If these circumstances arise so long as you notify us in section 7 we will not invoice you for this.

6. We set out below the other things that you will have to pay for, and an estimate of cost.

7. If you have any of the following apply to you, you must tick the appropriate box or you will be subject to our fees in paragraph 12

Please tick if applicable to avoid fees:

If you tick any of the above boxes you must indicate on the 25 year historic finance search document. We also will contact you to discuss whether or not we can take this case on and you may be exempt from fees for fees listed in section 12 if unsure please call 0161 490 8960 to discuss.

8. Should we require a credit agreement (not be provided by you) a £20 search fee will be applicable in addition to fees payable in paragraphs 4, 5, or 7 and added to a successful invoice for claims of over £100 only. You will not be invoiced for fees where a successful claim is not forthcoming.

9. If we lose and/or do not recover an award from the Financial Institution, Financial Conduct Authority, Financial Services Compensation Scheme or Financial Ombudsman Service on your behalf we will not charge you for our work (subject to clauses 7, 8, 10, 11, 12 and 18b).

10. You have a fourteen day cooling off period with which if you would wish to cancel this agreement you may do so with no penalty. If you wish to cancel write to us, do it in person, email info@treadstonelaw.co.uk or by calling 0161 490 8960 giving clear instruction of wishing to terminate this agreement within fourteen days of your signing of this agreement.

11. Should you not make settlement of an invoice within 14 days of funds being received in your account your case will be passed to an external collections agency and an extra 20% will be added to the invoice value For example an existing invoice of £100 will increase to £120 (20%). If an invoice remains unsettled after 30 days all other claims will be cancelled and fees applicable subject to paragraph 12 will be charged for all work done whether a successful claim was forthcoming or not.

12. We may end this agreement subject to paragraph 7,11 or 18b and the fee will be £0 per hour for work completed. Only if you end this agreement after the fourteen day cooling off period we will then charge you for the completed or incomplete work at £0 per hour for work completed.

13. We can end the agreement if you do not keep to your responsibilities in condition 18(b) below. You are then liable to pay our charges incurred as set out in paragraphs 11 and 12.

14. We can end the agreement if we believe that you are unlikely to succeed in your claim whether or not you agree with us. In this situation you do not have to pay us anything.

15. If after our issuing a letter of claim an offer is made to you that fits into the Financial Ombudsman Service & Financial Conduct Authority guidelines then you are then liable to pay us our charges incurred up to the date of the agreement ending as set out in paragraph 4 and 8.

16. We will begin the work when you notify us of your acceptance of our terms by signing this agreement and returning it to us.

(a) Our responsibilities
We must always act in your best interests in pursuing your claim for compensation and obtaining for you a reasonable result subject to our duties as a regulated claims management company; we must give you our best advice about whether to accept any offer of settlement.
(b) Your responsibilities
You must give us clear instructions which allow us to do our work properly; you must not ask us to work in an improper or unreasonable way; you must not deliberately mislead us; you must co-operate with us when asked to do so.

Due to lender requests additional documentation may be needed to progress your claim due to validation of your signature, proof of address change or proof of name change. Should we need this documentation in order to progress your claim you must provide this within 14 days where it is reasonable to do so or your claim may be closed after a 30 day time period subject to clause 12. You have 30 days to provide your agreement numbers and names of the lenders of car credit before 2021 and after 2012.

Should you or a third party representative have already made an attempt to claim on a motor finance agreement you must inform us in section 7 or you will be charged a £120 handling fee per individual claim inclusive of VAT. If you notify us of your specific previous attempt to claim you will not be charged.
Should you receive a payment from a lender for a claim we are managing you must inform us if we have not contacted you regards this.