RICS charges a fee of £240.00 inclusive of VAT to administer the nomination of a mediator who is suitable for the particular matter and is independent of both sides. This payment is non-refundable whether or not the appointment is made (e.g. if the matter is settled by agreement and the application is withdrawn). Parties are encouraged to encouraged to share the costs.
The mediator, who will be a lawyer or chartered surveyor, will charge a fixed fee of £2100 (inclusive of VAT) per party for an 8 hour mediation session, including a mediation hearing and preparatory work. This amounts to a maximum of £4200 (inclusive of VAT) per mediation. This is significantly less than the costs of court action and neighbours are encouraged to share the cost.
Any additional hours can be charged at an hourly rate that is agreed between the mediator and the parties prior to the start of the mediation.