Interest Rate Swap Mis-selling

Tailored Business Loans

Tailored business loans (TBLs) have been mis sold by many banks and building societies, including Lloyds Bank, Yorkshire Bank and Clydesdale Bank, as an alternative to separate business loans and hedging product agreements. The team at McHale & Co can help affected businesses win settlements against an offending bank.

What are TBLs?

TBLs are a form of interest rate hedging that were disguised as standard fixed rate loans by lenders. However, these loans typically featured break costs of up to 50% of the total loan amount that were never explained by banks and building societies during the application process.

Businesses sold a TBL by a bank or building society were often not told about the true nature and risks of the loan, resulting in the company being locked into an agreement and denied the right to move to a better rate, thanks to the high break costs.

If you believe your business was mis sold a TBL, you might be able to make a claim for compensation and should seek legal advice as soon as possible.

McHale & Co can help

Our team are experts in mis-sold TBL claims, and will assess your business’s case to make recommendations on the strongest angle to take to obtain a settlement from a bank or building society.

With offices in Altrincham, Manchester and Heywood, we can offer our mis-sold TBL services to many areas across the North West, including Cheshire, Bury, Rochdale and Middleton.

To find out if you are eligible to make a claim, you can call us on 0161 928 3848, or fill in our online contact form located on the right-hand side of this page and a member of the team will be in touch with you shortly.