Interest Rate Swap Mis-selling

Funding your Claim

Funding can often be a barrier in bringing a claim for a mis-sold interest rate swap. At McHale & Co, we offer alternative methods of funding so your business can get back what it rightfully deserves. We do not charge any fees upfront, and will conduct an appraisal of your claim and provide initial legal advice free of charge.

‘No win, no fee’

The majority of our work in this area is carried out on a ‘no win, no fee’ basis. This is an arrangement between you and your solicitor that means if your mis-sold interest rate swap claim is unsuccessful, you will not have to pay a penny. If your claim is successful, fees will be paid by the defendants.

Not all cases are suitable for a ‘no win, no fee’ arrangement. If your case is unsuitable, we can discuss other forms of funding, including the Financial Ombudsman Service and third-party litigation.

The Financial Ombudsman Service

The Financial Ombudsman Service is funded by levies and case fees collected by the Financial Conduct Authority (FCA). Decisions on cases are made on what the ombudsman believes is fair and reasonable and must also take into account:

  • Relevant law and regulations

  • Regulator’s rules

  • Guidance and standards

  • Code of practice

As well as this, the ombudsman must acknowledge what they consider to have been good industry practice at the relevant time.  

Third-party litigation

The type of funding is when an agreement is made with a third party to pay all or part of your legal fees. However, this arrangement is only made in return for a proportion of the compensation.

To speak to a member of the team about what funding options are available for you, please don’t hesitate to give us a call on 0161 928 3848. Alternatively, fill in the contact form to the right-hand side and we will get back to you as soon as possible.

With offices in Altrincham, Manchester and Heywood, we can provide our commercial services to the surrounding areas, including Cheshire, Bury, Rochdale and Middleton.