It has been found that most banks have a tendency of selling interest rate products to the customers who, in most cases have no idea of what they are buying. In many cases, it has been seen that the interest rate sold to the SME’s are not suitable to their needs. In most cases, these small companies do not have the necessary expertise to understand the interest products which they are buying.
FSA has found, after doing reviews of the cases that 90% of them have violated regulatory norms and hence can be redressed. They are also now in the process of listing the non-sophisticated customers so that their cases can be redressed if they apply for swap claims. The review results have shown that around 40,000 wrong cases sold to UK small businesses need to be redressed and that is going to cost the UK banking industry £ 10 billion pounds.
Under these circumstances, you can opt for an interest rate swap claims and for that, you can hire a professional company, who can guide you properly in this regard. By going through their past records, it has been found that Maple Leaf Financial Swap Claims are very effective and they have been able to give lot of relief to the companies who were victims of this.