The deadline to join the Legal Group Action against
Join before 31 March 2019
Clydesdale and Yorkshire Bank has been set
We know how banks work, and we know how to win...
Misled by your banks small print?
Have you been mis-sold Business PPI? We could help you claim.
Legal Group Action Against Clydesdale and Yorkshire Bank
Claim requirements / Can I claim? Adam Cooke 2019-02-19T11:08:21+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 a 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.
If you think that you have been mis-sold PPI through a business or a commercial loan, our team of legal experts are here to help you make a claim.
If your bank failed to make it clear to you that PPI was optional and it was added onto your loan without your knowledge, or your felt pressurised by your bank to take out a business loan with PPI, you may have been mis-sold this product.
Even if your loan has expired, you still may be able to claim for mis-sold PPI in relation to a business or commercial loan.
To speak to our legal team about a business or commercial loan, please feel free to call 0800 083 0286.
Consequential Loss Claims
A Consequential Loss Claim can arise from the mis-selling of financial products such as a Swap, Tailored Business Loan, Fixed Rate Business Loan or Foreign Exchange Product. Consequential Loss is an indirect loss that has occurred as a consequence of a mis-sold financial product.
If your business has suffered financially after taking out a business loan or financial product that you believe was mis-sold to you, you may well be entitled to compensation. Successful Consequential Loss claims for basic redress from your bank will typically include an 8% flat rate, per annum, of interest in lieu. However, if your business suffered losses above this level, we could submit a claim for additional Consequential Loss.
Please contact our legal team for more information on 0800 083 0286.
Fixed Rate Business Loan Claims
Fixed Rate Business Loans 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.
Foreign Exchange Claims
A foreign exchange loan (FX loan), designed to help businesses who trade on an international level protect themselves against unstable foreign currencies, may have been mis-sold to companies in the UK.
If you believe that you were misled into taking out a Foreign Exchange Loan based on promised rates that were not actually accessible to you, you can contact our experts today to see if you are eligible to make a claim.
Please contact our legal team in relation to a FX loan today on 0800 083 0286.
Swap and IRHP Claims
The FCA has identified failings in the way that some businesses were sold Interest Rate Hedging Products. As a result, some customers are now entitled to compensation, otherwise known as redress.
The mis-selling of IRHP to unsuspecting businesses and SMEs has led to a number of successful claims against banks and building societies. An IRHP is a complex form of financial product that was typically sold to businesses to help them to protect themselves from future interest rate rises.
If you have taken out such a product in the past and you think that you may have been mis-sold an Interest Rate Hedging product, please call 0800 083 0286 to discuss your claim with our legal team.
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’re their expertise in this particular area of PPI. Contact us on 0800 083 0286.
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 have a strong track record of winning appeals and getting results for our clients.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.