Contact us
|
0113 207 0000
Contact us |
Sign up to our newsletter |
0113 207 0000 |

Banking & Financial Disputes

Blacks Solicitors’ expert Commercial Dispute Resolution team deal with all aspects of banking and financial disputes including enforceability of agreements and liability under a guarantee.

If you are a lender wishing to enforce a guarantee, or your lender is looking to enforce its security or to withdraw a facility, we can provide clear advice to assist in the resolution of any arising issues.

In addition we also provide support in relation to the mis-selling of financial products and mortgage repossessions (please see below for further information).

Mis-selling of Financial Products

Were you encouraged to protect your business with an interest rate swap arrangement that cost it thousands, or to take out a loan that you did not understand?

Many individuals and businesses have suffered losses as a result of the mis-selling of financial products, such as interest rate swaps and mortgages.

Examples of mis-selling of interest rate swaps include:

  • The customer not understanding what was being sold to them
  • The bank insisting the swap be entered into as a condition of the loan
  • The bank not explaining the consequences of the swap, which may include exorbitant termination fees and/or monthly repayments

Examples of financial mis-selling of mortgages include:

  • The borrower’s ability to repay the mortgage was not properly assessed leaving the borrower in financial difficulties
  • The borrower was sold an interest-only mortgage (rather than a repayment mortgage) without being properly advised about the need to repay the whole capital borrowed at the end of the mortgage term
  • The borrower was advised to remortgage within a short space of time of having either purchased or remortgaged a property, and had to pay a penalty to their lender (known as an Early Redemption Charge) to get out of the previous mortgage
  • The borrower was advised to consolidate unsecured debts by remortgaging, leaving them paying much more in interest than they would have done if they had carried on repaying their unconsolidated debts

If you have experienced any of the above, we can assist in obtaining redress either by way of a complaint to the Financial Services Authority (FSA), the Financial Ombudsman Service (FOS), or through High Court litigation.

Mortgage Repossessions

Our specialist team have experience of acting for both secured lenders and borrowers and can provide advice and assistance relating to any breach of mortgage conditions, most commonly a failure to pay as required. We also handle allegations of mortgage fraud.

We can guide you through the complete repossession process and advise you as to the most suitable course of action in any given circumstances.

Insurance Disputes

Has an insurer rejected a claim?

A policy of insurance is designed to provide cover and peace of mind in the event that things go wrong. However, disputes can arise when insurers decline a claim.

Unfortunately, it is all too common for insurers to refuse claims on the basis of:

  • Misrepresentation
  • Non-disclosure
  • Breach of warranty
  • Allegations of fraud
  • Interpretation of the policy wording
  • Reliance on exclusion clauses

However, our specialist team have a wealth of experience in acting for policy-holders in claims against their insurers where there is a refusal to indemnify.

 

For more information about any of the above, or for a free no obligation discussion about a banking/financial dispute, please email or call Blacks Solicitors’ Commercial Dispute Resolution team today on 0113 207 0000.

Share this

What our clients say

  • Luke Patel is a first-rate litigator. He is strategic and enthusiastic and works very well with his team to get the best out of them. Luke shows real commitment to the client and works very hard to achieve favourable outcomes. He clearly thrives on the cut and thrust of commercial litigation.

    Share this
  • Luke Patel has a loyal client base and for good reason. He is personable, knowledgeable, persistent and very good at his job.

    Share this
  • The entire team at Blacks is very friendly, efficient and robust. The practice seems to really care about its clients.

    Share this
  • We really appreciated your help. Good work. That is twice your firm have helped us out of a tight corner and considering our trade, I expect we will be a back again.

    Share this
  • We cannot adequately convey our gratitude to Luke Patel and his team for the overwhelming support and hard work for bringing us to our success.

    Share this
  • I wanted to say a massive thank you to you and the company of how you treated me and my case I cannot recommend you both highly enough. I look forward to meeting again in 28 days.

    Share this
  • It has been a hard two years in terms of money on our part and effort on your part. One thing that sustained us was your indefatigable energy and skills in confronting a determined organisation who did not listen to reason.

    Share this
  • The quality of the service was excellent. We were kept up to date throughout our one year experience.

    Share this
  • Luke was very personable, professional, measured and met all our expectations. The strategy and tactics he deployed from day one were carefully thought out. He gave us clear and honest advice throughout and informed us of the options available to us at each stage of the litigation. He was able to deliver his “killer blow” at the right time which caused the opponents to come to the table and do a deal.  I would have no hesitation recommending him or using him, and Blacks, should the need ever arise again.

    Share this
  • As always Luke was at once incisive, caring and comprehensive in providing a legal solution in the most concise and cost-efficient way possible. He is a man of great integrity, sincerity and poise. In my experience, he acts in his client’s best interests always. My go to lawyer.

    Share this
Read more

Sectors we specialise in