Interest Rate Swaps Mis-selling Claims

Since 2010, BLB have been advising an increasing number of SMEs on the possible mis-selling by high street banks of complex arrangements involving interest rate swaps and hedging.  These products were mainly sold by banks between 2005 and 2008.  The sharp fall in interest rates since then has left many businesses in severe financial difficulty. 

It is now clear that in many cases, banks failed to explain to their customers how the product worked, the fees that may become payable and in particular, the significant “break costs” that could apply. 

Please contact us if you think you may have been mis-sold an interest rate protection product.  We will carry out an initial review of your case before deciding on a number of options: 

  • Preparing a detailed report on your case with a view to opening negotiations with the bank concerned
  • Preparing a formal complaint to the Financial Ombudsman Service
  • Issuing Court proceedings against the bank. 

We work with a number of leading financial experts in this field.  Please click here for a more detailed look at interest rate swaps and some circumstances which may give rise to a valid complaint. 

 

 

    Stephen Bishop
    Bradford on Avon
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