A CAMPAIGNING lawyer says Yorkshire farmers have had to sell land to continue payments for mis-sold hedging products by banks.
Johanne Spittle, of Lupton Fawcett Denison Till in York, said the land had been in families for generations, but had to be sold as they wait for banks to address their claims under the Financial Conduct Authority’s Redress Scheme.
She said other businesses have had to borrow large sums because of delays in the Financial Conduct Authority’s Redress Scheme.
She brought the first successful bank derivative mis-selling case to trial against HSBC in Leeds in 2011 for a Scarborough fish and chip shop and has since advised scores of businesses, as well as individuals, who were victims of mis-selling.
“I have clients who submitted cases to the banks in April 2013 but have still not been assessed,” she said.
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