Mis-sold interest rate swap claims

Many small and medium sized businesses have been mis-sold interest-rate hedging products. These products were sold, alongside loans to purportedly protect businesses from fluctuations in interest rates which could effect their loan repayments.

The FCA has found that major retail banks, including Barclays, HSBC, Lloyds and RBS, had poor sales methods. They did not fully inform businesses as to the benefits and risks of the products, assess if the products were suitable for the business’ circumstances, advising on products when they were not authorised to and financially rewarding employees for selling the products which may have skewed their judgment.

Who’s help to I need with my claim?

This is the first question facing many people when they realise that they have been mis-sold an interest rate hedging products. It’s a complicated picture and there are many people saying that they are best placed to help. The space is inhabited by Accountants, Solicitors, Banking Consultants and Hedging experts so it is a complicated picture!

It could be that in order to bring a claim to finality a hedging expert will be required. It is almost certain that an accountants report will be needed at some time too. But that being said, at its heart this is a legal issue and whether the route to a fair result is by way of the FCA scheme or Litigation, the people that you want handling your case are solicitors with the relevant experience, like us. We can call on the other disciplines as and where needed to assist with your claim. Where suitable we work with clients existing accountants on consequential loss claims since they are often best placed to help.

Why use McHale & Co?

We are experts in suing banks are regarding as a leader in financial mis-selling litigation, having recently won an action against a major bank in the Supreme Court. The FCA scheme clearly states that the principles applied to the process are legal principles and that in relation to compensation levels they will be assessed in accordance with the legal test of tort and breach of statutory duty. It’s clear that the law is at the heart of the scheme and so we are quite content to say that we are the best placed people to help victims of this banking scandal.

There are a number of funding options available to those wishing to start a claim, all of which can be discussed with us in detail over the phone or inperson. Whatever your situation, we will find a funding arrangement to suit you. We do a lot of work on “a no win – no fee” basis

To discuss your loan and interest rate swap product, simply call us on 0161 928 3848 or complete the form here. We have offices in Altrincham, Manchester City Centre and in North Manchester with easy access for client’s across the North of England. We also travel to London on a weekly basis to meet clients in this area.

For more information, please vist the following pages;

Our Mis-selling Team

Tailored Business Loans

Funding your claim

Our Success Stories

Routes to remedy

Consequential losses

Get in touch

If you would like to know more about how our tailored services can best suit your needs, do not hesitate to get in touch. Although based in Greater Manchester, we can provide high-quality legal assistance to those who need it around the UK. Call us today on 0161 928 3848, or fill in the online contact form.

Testimonials

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Hassle free service, just give them the facts they require – let them get on with it – Simples

Mr C

Malcolm, I really appreciate what you have done and can’t thank you enough with how you have dealt with this! We’ll fill in the attached customer satisfaction form and reflect how impressed and pleased we are.

Mr P

Very happy to have come here, especially dealing with Helen Green

Mrs L

Thanks for the work of your staff led by Maria. I would like to highlight the contribution of Nadya & Leona in these transactions. While Maria is often the one in the sunshine so to speak, it is through the background work performed by these two that allows this to happen.

Mr S

I have been completely satisfied with help given by Helen and feel that my affairs are now in safe hands.

Mr G

I would like to thank Charlotte for being so friendly and helpful.

Mrs A

Everything was great Michaela. Thanks!

Mr P

I would like to praise Adam Cohen with the way he has looked after both me and my wife. He has been very thorough and helpful with us.

Mr & Mrs C

A very professional and friendly service from Helen using clear plain English that is easily understood.

Mr B

Excellent, friendly service from Helen Green. Very happy with the outcome.

Mr O

I warmly recommend Helen Green for her efficient, speedy, relevant, comprehensible response and whole manner in dealing with the difficult issue of probate.

Anon

We’d like to thank Michaela for all her help with our Wills, she provided us with a very good service.

Mr H

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