Thursday, Jan 03, 2019

Another house raffle scam busted

Guardian: Couple forced to close raffle for their £500,000 North Yorkshire home

The same old story. Greedy baby boomer couple who bought their home for sub-£100k back in the day try and fail to flog it for £550k. When it doesn't sell, rather than reducing the price they turn to a house lottery, aiming to sell 60,000 tickets at £10 each for a chance to win the house. As always this got copious local media attention and free publicity despite being a well known scam. Gambling Commission have now shut them down. Entrants will be refunded (minus administrative costs of course)

Posted by little professor @ 05:30 PM (609 views)
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3 Comments

1. tenyearstogetmymoneyback said...

Interesting. Someone was trying to do this locally for their "£2.5 million" house, with an Aston Martin as second prize. They actually had paid for adverts on the regional radio station Wave105. I wonder how much those cost.

Thursday, January 3, 2019 09:59PM Report Comment
 

2. jack c said...

It would be useful for the couple in question to note that professional surveyors value bricks & mortar. The outdoor heated pool, log cabin, orangery and hot tub are "nice to have's" although some people would argue that a heated pool for example will actually devalue the property.

Friday, January 4, 2019 09:24AM Report Comment
 

3. crash bandicoot said...

So they were going to sell 60 000 tickets for £10 each to shift their "£500 000" home and possibly give £60 000 to charity? Tells you all you really need to know.

Friday, January 4, 2019 02:26PM Report Comment
 

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