Fixed Rate Business Loans
A popular choice for businesses looking to develop their company, Fixed Rate Business Loans were offered by a range of high street banks and building societies.
Tailored Business Loans
A sum of money which was lent to a business by a bank or building society and payable over a period time with interest. The most common Tailored Business Loan is the Variable Rate Business Loan, which contains hidden risks that make it more difficult to exit, once it has been taken out.
Tailored Business Loans were specific to Clydesdale and Yorkshire Bank. They were designed to help businesses avoid rises in interest rates but when the base rate dropped, these businesses were left paying the higher rate. Those who wished to pay off the loan were told they’d need to pay break costs. If you were affected by Tailored Business Loans, you could have a claim. You may also be eligible to join the Legal Group Action against Clydesdale and Yorkshire Bank.
If you think that you could have been mis-sold a business loan then please contact our legal team now on 0800 083 0286.