The first claim form has been submitted but there's
still time to join the Legal Group Action against
Clydesdale and Yorkshire Bank
Claim requirements / Can I claim? Adam Cooke 2019-05-30T11:02:08+00:00
What Can I Claim For?
As one of the UK’s leading experts in business banking and financial product claims, we specialise in helping businesses claim compensation for mis-sold business loans and financial products. With an experienced legal team on hand, we are able to provide business legal advice and guidance to customers who think that they have been mis-sold a business loan or financial product in the past, even if that product has since expired.
For more information about our services, fees and how we can help your business make a successful claim, please call our team today on 0800 083 0286.
Fixed Rate Business Loan Claims
Fixed Rate Business Loans (FRBLs) mis-sold by high street banks and building societies have caused negative financial implications for many businesses. Banks and building societies who may have mis-sold such products include Lloyds, NatWest, Halifax, Bank of Scotland and HSBC.
It is estimated that a staggering 60,000 FRBLs have been sold in the UK by banks since 2001. If you think that you may have been mis-sold a Fixed Rate Business Loan, within your original loan documentation, “Fixed Rate Loan” should be clearly stated on the front page of the Facility Agreement.
To find out if you have a claim and to seek legal advice and guidance, please call 0800 083 0286.
Tailored Business Loan Claims
Tailored Business Loans are typically structured to provide protection for UK businesses against interest rate rises. However, there are financial risks to consider before taking out such a loan and if the associated risks were not properly explained to you by your bank or building society before taking out the loan, you may have been mis-sold this product.
You may also be eligible to make a claim if the Tailored Business Loan has since expired.
For more information about a mis-sold Tailored Business Loan claim please feel free to call our legal team, who will be able to offer you their expertise. Contact us on 0800 083 0286.
If you had a Fixed Rate Tailored Business Loan, you may also be eligible to join the Legal Group Action against Clydesdale and Yorkshire Bank. It is alleged that these banks fraudulently and dishonestly provided TBLs to thousands of businesses across the UK. You can find all the information you need about the Group Action by clicking the button below.
Can my Business Claim?
If you’ve taken out a business loan of any form that you feel may have been mis-sold, we will cut through the complex small print and determine if your business is eligible to make a claim.
Our simple, three step guide can bring some clarity to your financial worries.
1. Did you take out a business loan between 2000 and 2015?
Was your business sold a Tailored Business Loan, Fixed Rate Business Loan or some form of Interest Rate Hedging Product such as a Swap, Collar or Cap?
2. Was the business loan what you expected?
Has the business loan or banking product cost you more than you expected in interest payments?
3. Have you approached your bank to enquire about terminating your business loan?
Have you have taken the first steps towards making a complaint against your bank? Or, are you yet to complain due to confusing financial papers you need help understanding?
If you answered ‘YES’ to more than one of these questions, you may have a valid claim for a mis-sold business loan. Our specialist team has a strong track record of winning appeals and getting results for our clients.
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