An offer of basic redress has been made and the door may be left open for a consequential loss claim. Why not accept it ?
We have seen increasingly that offers of basic redress have been calculated on the assumed basis that whilst the IRHP in question was mis-sold, the borrower would nevertheless have purchased a different but less 'expensive' IRHP. Whilst this does give rise to compensation it results in an offer of basic redress that is far lower than an offer that acknowledges the likely true position, which is that no IRHP would have been purchased.
Again a note for those having given a personal guarantee : If you have guaranteed the debts of a business that has been mis-sold an IRHP you may well have defences on liability. Incorrect compensation awards will also directly affect the extent your supposed personal guarantee liability.
Call me for in initial view at Keystone Law on 0207 152 6550
Email: Patrick.selley@keystonelaw.co.uk
Www.patrickselley.com
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