Banking Products Mis-selling

What else you might like to know about Banking Products Mis-selling

A business may require legal assistance if it finds itself in dispute with a bank in relation to mis-sold commercial banking products. Find and compare legal service providers from our approved panel of experts now. 

What banking products are most commonly mis-sold?

Cases of financial mis-selling often relate to banking products. Savings accounts and package accounts in particular have been known to be sold to individuals and businesses unethically. 

How does mis-selling occur in banking?

Financial products are mis-sold by banks in a number of different ways. The bank may have pushed the product unnecessarily or not provided the relevant information for the customer to make an informed purchase. 

Can I claim back money lost through mis-sold banking products?

It may be possible to claim back either the full amount of money lost through mis-sold banking products or to at least reclaim a portion of the total sum. Claims may be made either through the Financial Ombudsman or court proceedings. 

How can a legal expert help?

A legal expert will have detailed knowledge of financial mis-selling as well as the legal and financial implications. They will provide advice and guidance on how to proceed, as well as filing necessary documentation. Should you proceed with court proceedings they may provide you with representation. 

How can I choose the best legal expert?

If you are to pursue a case of mis-sold banking products, it is critical to engage a legal service provider with a detailed knowledge of this area of law. You may wish to choose a legal expert based on the size cost or location of a firm. It is also important to consider the reputation of a legal service provider, which is where The Law Superstore’s client rating and review system can help.

Answer a few short questions now and start comparing legal service providers based on the criteria most important to you.

What pricing structures can I expect?

The mis-selling of banking products can be a complex issue. A legal service provider will typically charge on an hourly rate basis for such a service.