Farmers mis-sold interest rate hedging products (IRHPs) are having to endure many months' wait before their banks make offers to resolve the financial problem caused by the mis-selling.Banks have been ordered to employ independent scrutineers to oversee mis-selling reviews, which must be concluded by the end of this year. However, solicitors and others advising farmers say that in some cases, eight months has passed since review meetings took place, but no offer has been made.The I RHP mis-selling scandal came to light about two years ago after an estimated 40,000-plus small and medium-sized businesses were sold products which they understood would protect them from rising interest rates on loans.These were sold mainly from 2005 onwards and in many cases the loan offer was conditional on the interest rate protection being taken out.
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