If your bank has sold you a loan using an interest rate swap transaction (also known as interest rate hedging) it is possible that they may not have been up-front with all the facts.
This leaves you exposed to the problem of significant risk and
potentially high costs. Many banks, in these turbulent financial
times, may have highlighted the benefits of this type of loan but
failed to properly explain the risks.
Thousands of companies like you may have been sold this type of
financing as a way to protect them against rises in interest rates
(interest rate hedging).
With interest rates hitting rock bottom and staying there,
companies are now finding themselves locked into uncompetitive
rates and stuck with massive monthly repayments.
If your bank didn't explain the risks, our experts in financial
regulation can help you. We've recovered over £10m for our