Clydesdale Bank Group Action Abi Andrews 2019-07-02T16:26:48+00:00
Did you have a Fixed Rate Business Loan from Clydesdale Bank or Yorkshire Bank?
Clydesdale Bank and Yorkshire Bank are alleged to have fraudulently and dishonestly sold Fixed Rate Business Loans to many businesses in the UK. Many businesses suffered losses as a consequence.
You Can Recover Your Losses
If you had a Fixed Rate Business Loan from Clydesdale Bank or Yorkshire Bank, you’re likely to be entitled to compensation. We’ve started a Legal Group Action so businesses that have been affected can get together to seek justice. Many businesses in the Legal Group Action could be due significant compensation.
These loans were designed to help small businesses avoid increases in interest rates. However, when the base rate dropped, customers were locked in to paying the higher, fixed rates of interest.
When customers asked to exit the loan, excessive break or early termination fees were applied. This was not fair and put undue pressure on many businesses.
Expert Legal Team
It was a long time ago, but that doesn’t matter. If your business has suffered losses as a result of a loan from Clydesdale and Yorkshire Bank, you can and should seek compensation.
Group Action is more effective than individual claims, that’s why in partnership with Michelmores Solicitors and RGL Management we’ve started a Legal Group Action against these banks. The basis for this case is fraud and dishonesty rather than mis-selling.
The case is strong – this is your chance to get justice!
Already Claimed? It Doesn’t Matter
If you had the product you are eligible to join the Legal Group Action – no matter what the outcome of any previous claims. You can also still join if you had the product with a business which has now been dissolved.
Any business who had a Fixed Rate Business from the banks in question can join the Legal Group Action.
Joining Is Easy
There’s no upfront cost – join the Legal Group Action on a no-win no-fee basis. We’ll do everything, the process is simple. Our team will do all the work with minimal input from you.
If you’d like to know more, click the button below to read the Frequently Asked Questions
The claims process is dependent on the size of your business and when you took out the product. You can claim for any mis-selling of a business banking product at any time, even if you have repaid your loan in full or refinanced the loan.
After a successful claim for mis-sold loan, your business could be eligible to claim for additional compensation. Consequential loss claims arise from indirect losses that are caused by the mis-selling of a business banking loan and potentially amount to significant sums of financial redress.