Interest Rate Swap Mis-selling
If your business has been mis-sold unnecessary protection, such as interest rate swaps and other complex interest rate hedging products, you may be entitled to compensation. Our passionate team will go the extra mile to help you pursue your claim, offering expert advice every step of the way.
Interest rate swap agreements and other products such as collars, caps, structured collars and foreign exchange protection have been sold aggressively by banks for more than a decade. However, a number of banks have been found to have mis-sold the products in various ways, including failing to explain them correctly, charging huge fees to exit the arrangements and levying continued charges on top of monthly or quarterly repayments.
As a consequence, many businesses have suffered financially, and small to medium-sized enterprises on tighter budgets have particularly felt the strain.
How we can help
Our expert team is highly experienced in helping businesses secure the compensation they deserve. We will fight your corner with vigour and, because we believe communication is key, will keep you informed throughout the entire process. Tenacious and tactically astute, we will lead the case and give you the very best chance of getting back what you are owed.
We are also able to challenge the decision if you have received the outcome of the Review Scheme and it determined that:
- You were not mis-sold a product
- You are classified as a ‘sophisticated person’
- An alternative product would have reduced your redress
On top of the money paid to the bank, businesses can also suffer consequential losses after being mis-sold interest rate products. These include:
- Loss of profit
- Loss of asset
- Loss of goodwill
- Loss of opportunity
- Loss of orders or suppliers
- Additional bank or professional fees
Such losses can have a significant impact on a business’s fortunes, so it is essential all losses are compensated for.
Get in touch
At Blackstone Solicitors, we pride ourselves on passionately pursuing the outcome our client deserves. Our go-getting approach is appreciated by our clients, who trust us to do all we can on their behalf. To find out how we can help, call us today on 0161 929 0121, or let us contact you by filling in our online contact form.
We offer our services throughout the UK, and are often used by clients in the Manchester, London, Chester and Cheshire areas.