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Pension lump sum lost on failed off plan flats

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You do have to wonder whether people ever read anything.  There have been red lights/warning signs about off plan flats since 2007 and very likely before that, , too.  

Though tales of woe more usually involve BTLers who've bought flats they've never seen, in an area they don't know, without having done any research of their own - instead just lapping up the sales spiel about '6% certain net return' etc. 

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Plenty of companies do this. In the UK it's easy. Take money then go into liquidation. Start up again, take money, go into liquidation. Rinse and repeat. Just shift the assets and keep them low. The £75,000 probably bought someone a nice BMW.

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On 24/05/2018 at 11:19, Mrs Bear said:

You do have to wonder whether people ever read anything.  There have been red lights/warning signs about off plan flats since 2007 and very likely before that, , too.  

Though tales of woe more usually involve BTLers who've bought flats they've never seen, in an area they don't know, without having done any research of their own - instead just lapping up the sales spiel about '6% certain net return' etc. 

+1, I have always thought that they were risky.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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