Have you been mis-sold a financial product?

If you have taken out a personal and/or business loan and were advised to take out a product alongside the loan that was supposed to protect you against the rise of bank loan interest rates, you may have a claim for financial product mis-selling.

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Consumer Claims

We possess an excellent track record of acting for Claimants in recovering compensation in many legal issues from contract disputes to financial mis-selling of insurance products and services. The FSA (The Financial Services Authority) has looked into the mis-selling of business interest rate swaps and considered that there may be a claim for compensation.

The type of personal and business interest rate loan mis-selling are listed below, taken from the FSA web site:

  • swaps – which enables the customer to ‘fix’ their interest rate
  • caps – places a cap on any interest rate rise
  • collars – enables the customer to cap interest rate rises by limiting rate fluctuations to within a simple range
  • structured collars – enables the customer to cap interest rate rises by limiting rate fluctuations to within a range (with a lower ceiling than a simple collar) but involves more complex arrangements if base rate falls below floor limit.

If you are an individual or small to medium size business that has been sold a loan with a swap interest rate product please contact us to see if you have a claim for compensation.

Further Reading:

Swap Loans – In The News

What are interest rate swaps, caps and collars? The Financial Services Authorityreviewed four types of products sold to small businessesover the last 10 years that were supposed to help protect them against interest rate movements. During this period, UK base rates moved in a range between 0.5% (where they are now) and 5.75%. The FSA...

Read more ...

Lloyds Mis-Sold Swap Loans

Lloyds Mis-selling Business Loans We possess an excellent track record of acting for Lloyds bank customers in recovering compensation in many legal issues from contract disputes to financial mis-selling of insurance products and services. Lloyds Business Loan Mis-Selling (Interest rate swap loans) If you have taken out a Lloyds business loan and was advised to...

Read more ...

Interest rate swaps

Interest swap rates is a "gamble" by the bank and the business owner on whether the business loan interest rate will rise or fall. Whilst selling these loans, banks paid more attention to the possibility of rates rising and not if they were to fall for any extended period. Over the last few years the...

Read more ...

HSBC Caravan Park Swap Loans

We possess an excellent track record of acting for HSBC bank customers in recovering compensation in many legal issues from contract disputes to financial mis-selling of insurance products and services. HSBC Business Loan Mis-Selling (Interest rate swap loans) If you are a caravan or leisure park owner who has taken out a HSBC business loan...

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Business Interest Rate Swaps – Mis-selling loans

Mis-Sold Business Loans The mis-selling of business interest rate loans (business swap loans) is another scandal by the banks. It is now accepted after investigations that these complex loans sold to small to medium size business may not be to the business advantage causing losses. Simply put a business interest rate swap loan is a...

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Barclays investigated by FSA for swap mis-selling claim

The Financial Services Authority (FSA) is investigating claims that Barclays mis-sold complex financial contacts called swaps to business clients. The regulator said it plans to "consider appropriateness of the product and how it was sold". Read more visit BBC News website Barclays Apologises to FSA after imposing swaps secrecy clause on customers According to The...

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Barclays – Mis-Sold Swap Loans

Barclays Mis-selling Business Loans We possess an excellent track record of acting for Barclays bank customers in recovering compensation in many legal issues from contract disputes to financial mis-selling of insurance products and services. Barclays Business Loan Mis-Selling (Interest rate swap loans) If you have taken out a Barclays business loan and was advised to...

Read more ...

Swap Loans

Britain’s four largest banks have suffered another onslaught of criticism after the financial regulator said it had found evidence of them mis-selling interest-rate swaps to small and medium-sized businesses (SMEs). Swap loans were designed to provide protection for SMEs against future interest rate rises but were inappropriate for large numbers of customers, many of whom...

Read more ...

RBS Caravan Park Swap Loans

We possess an excellent track record of acting for RBS bank customers in recovering compensation in many legal issues from contract disputes to financial mis-selling of insurance products and services. RBS Business Loan Mis-Selling (Interest rate swap loans) If you are a caravan or leisure park owner who has taken out a RBS business loan...

Read more ...

RBS – Mis-Sold Swap Loans

RBS Mis-selling Business Loans We possess an excellent track record of acting for RBS (Royal Bank of Scotland) bank customers in recovering compensation in many legal issues from contract disputes to financial mis-selling of insurance products and services. RBS Business Loan Mis-Selling (Interest rate swap loans) If you have taken out a RBS business loan...

Read more ...

Lloyds TSB Caravan Park Swap Loans

We possess an excellent track record of acting for Lloyds bank customers in recovering compensation in many legal issues from contract disputes to financial mis-selling of insurance products and services. Lloyds TSB Business Loan Mis-Selling (Interest rate swap loans) If you are a caravan or leisure park owner who has taken out a Lloyds TSB...

Read more ...

IRSA business loan insurance mis-selling

A major injustice has been suffered by thousands of owners of small businesses across the UK who have been mis-sold Interest Rate Swap Agreements (IRSAs) by their banks (otherwise known as business swap loans).Businesses have complained that IRSAs, which were designed to insure borrowers against steep rises in interest rates, left them swamped by huge...

Read more ...

HSBC – Mis-Sold Swap Loans

HSBC Mis-selling Business Loans We possess an excellent track record of acting for HSBC bank customers in recovering compensation in many legal issues from contract disputes to financial mis-selling of insurance products and services. HSBC Business Loan Mis-Selling (Interest rate swap loans) If you have taken out a HSBC business loan and was advised to...

Read more ...

How Swaps Are Sold

How Banks Profit From Swap Interest Rate SalesSwaps interest rates should only be used by sophisticated business owners or individuals who want to bet or gamble on the movement of interest rates on bank loans. The speculative nature of such complex banking products are not for the risk adverse. But it is the risk adverse...

Read more ...

Caravan Park Swap Loans

Interest swap rates is a "gamble" by the bank and the business owner on whether the business loan interest rate will rise or fall. Whilst selling these loans, banks paid more attention to the possibility of rates rising and not if they were to fall for any extended period. Over the last few years the...

Read more ...

Barclays Caravan Park Swap Loans

We possess an excellent track record of acting for Barclays bank customers in recovering compensation in many legal issues from contract disputes to financial mis-selling of insurance products and services. Barclays Business Loan Mis-Selling (Interest rate swap loans) If you are a caravan or leisure park owner who has taken out a Barclays business loan...

Read more ...

Barclays – Mis-Sold Swap Loans

Barclays Mis-selling Business Loans We possess an excellent track record of acting for Barclays bank customers in recovering compensation in many legal issues from contract disputes to financial mis-selling of insurance products and services. Barclays Business Loan Mis-Selling (Interest rate swap loans) If you have taken out a Barclays business loan and was advised to...

Read more ...

Banking Mis-selling Claims & Consumer Law

Banking Mis-selling claims & Consumer Law We possess an excellent track record of acting for Claimants in recovering compensation in many legal issues from contract disputes to financial mis-selling of insurance products and services. Business Loan Mis-Selling (Interest rate swap loans) If you have taken out a business loan and was advised to take out...

Read more ...

Bank Mis-Selling Claims

Interest rate swapsThe FSA(The Financial Services Authority)has looked into the mis-selling of business interest rate swaps and considered that there may be a claim for compensation. The FSA has provided a review of the interest rate swap loans sold to small to medium size businesses (SMEs) by the four largest banks in the UK. The...

Read more ...

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