MSE News: Banks guilty of mis-selling to small businesses

HAVEFAITH

Interesr Rate Swaps

Hello Forum,

Does anyone have any experience to share here re interest Rate Swap Agreement. A business friend who's been mis-sold a swap is going to a meeting with his Banks Lawyers in May.

Is this advisable or should they only accept questions in writing? They are due a re-dress I guess based on what's occurred etc.

Any thoughts welcome to pass on ...

SirFinch

Hi Helen

Thanks for the link to the infographic, very interesting.

Havefaith - I had a friend who was a victim of swap mis-selling and nearly lost there business because of the payments that were forced to pay back even after the original loan was paid off. It was disgusting how they were treated, I won't name names but I wouldn't ever bank with Lloyds

My friend highly recommends Lamport Bassitt solicitors, they have a specialist department to help with interest rate swap mis-selling. Their website is http://www.swapmissellingclaims.co.uk/