OnlyMe Posted May 19, 2011 Share Posted May 19, 2011 Buy buy, bye bye, http://www.bbc.co.uk/news/uk-england-essex-13443492 Fraud inquiry after Essex firm collapses By Julian Sturdy BBC East Carol Ingram Carol Ingram, from Hertfordshire, said her family has lost £2,000 Investigators have begun a fraud inquiry after the collapse of company which helped British soldiers serving abroad to get on the property ladder in the UK. More than 300 troops, including some fighting in Afghanistan, have each lost thousands of pounds after Blue Forces Property Ltd went into liquidation with debts of more than £1m. ................... It helped soldiers to get a mortgage on buy-to-let flats, and handled all the lettings, rental and insurances. Quote Link to comment Share on other sites More sharing options...
dammfoolman Posted May 19, 2011 Share Posted May 19, 2011 "Liquidator Nick O'Reilly said some soldiers appeared to have had their mortgages paid using money from other clients' rents." Is it me or can you smell "ponzi" in the air? Quote Link to comment Share on other sites More sharing options...
beccles Posted May 19, 2011 Share Posted May 19, 2011 Just looking through a copy of 'EQPD' that I have to hand. A double page spread about buying villas in Cyprus, next page, apartments in Darlington or Portsmouth. Quote Link to comment Share on other sites More sharing options...
Guest eight Posted May 19, 2011 Share Posted May 19, 2011 Just looking through a copy of 'EQPD' that I have to hand. A double page spread about buying villas in Cyprus, next page, apartments in Darlington or Portsmouth. I'm in Darlington and one of my colleagues rents his place from a serving soldier. I wonder......? eight Quote Link to comment Share on other sites More sharing options...
porca misèria Posted May 19, 2011 Share Posted May 19, 2011 (edited) It helped soldiers to get a mortgage on buy-to-let flats, and handled all the lettings, rental and insurances. I lived in one of those when I was working on a fixed-term contract (post-doc research at Sheffield University). It was a lovely cottage on the edge of the moors (Peak District), but I had to get out three months before the end of my contract, due to my landlord returning from serving somewhere abroad. Finding somewhere to live for three months was a nightmare [edit to add] this was about 20 years ago. Edited May 19, 2011 by porca misèria Quote Link to comment Share on other sites More sharing options...
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