If this has happened to you, we can help get your money back.
Have you invested in property but subsequently lost a large sum of money? Did the investment turn out to be a scam, or were you misled about the potential returns? We can help you make a claim if this has happened to you.
Our expert lawyers have helped many people recover their losses after investing in property schemes. Quite often, these investments turned out to be fraudulent. All too often, promises of significant returns never materialised.
Victims sometimes invested in property developments that were never built. For example, those who invested with The Resort Group (Cape Verde). In this case, as in others, financial advisors and unregulated introducers used cold-calling tactics, aggressive sales tactics, high pressure, and the fear of missing out to convince people to invest. But while these advisors received a fee or commission for getting clients to sign up, investors were left with either minimal returns or nothing at all.
Financial advisors have a legal duty to ensure their clients fully understand the products they recommend. They are also obligated to ensure that any investments they recommend meet the needs and circumstances of their clients. By not informing clients that property investments can be extremely risky and by misrepresenting potential returns, many financial advisors are guilty of mis-selling.
An increasing number of people have complained about the way property investments were sold in recent years, with many losing huge sums of money. You might have a mis-selling compensation claim if this happened to you.
We help people in England & Wales claim back what they are due following property investment mis-selling. We can even help you get your money back if the negligent development never happened, or if the scheme or adviser has gone out of business.
Claiming with us is straightforward. It is free to sign up, and we act on a no-win, no-fee basis.
If you believe you were mis-sold a property investment, contact us to find out how we can help. We can find this out for you if you are unsure if you have a claim.
CONTACT US IN CONFIDENCE TO DISCUSS YOUR CASE
If you have been a victim of property fraud or mis-selling, we can help you make a no-win, no-fee claim for compensation.
Contact us today for a free, no-obligation assessment of your case.
You might be the victim of property fraud or mis-selling if a developer, scheme, or financial advisor convinced you to invest in property and:
The Resort Group specialised in selling investment opportunities in hotel developments off the coast of Africa, usually for investment within clients’ pensions. But clients have reported missing out on the promised returns and not getting their income or money back.
Sometimes, when a client would get a charge for a hotel room’s construction, there was no paperwork confirming that it actually existed. For those who ended up buying whole properties, many deeds were not correctly drawn up, meaning they are not held by the investor.
In 2016, a BBC Panorama programme highlighted the issue when it showed unregulated financial advisors promising a 10% return after a year of investment into the Cape Verde scheme.
Our Investment Fraud & Mis-selling lawyers deal with a wide range of property fraud & mis-selling cases every day. Here are just some examples of the type of cases we can help with…
Penelope invested in a property company that offered a fixed–rate investment product. However, the investments were a scam and Penelope has been left substantially out of pocket. An investigation has uncovered that properties claimed to be owned by the business were cloned and owned by a completely different entity. The company that carried out the scam has since gone out of business. We are helping Penelope claim compensation as she was not given adequate financial advice by her financial advisor before investing.
Paul chose a UK-regulated financial adviser to ensure he received high-quality financial advice when deciding how to invest his savings. The UK-regulated advisor recommended an overseas property scheme that promised very high returns. The advisor was given a commission for each client who invested in the scheme. However, the proposed property development was never built. As the advisor did not undertake due-diligence on the investment she recommended, or explain that the risk of investing was higher than normal, we are helping Paul claim compensation for mis-selling.
Imani invested in a property scheme that was recommended by her financial advisor. However, she has since been hit by high fees and charges that she did not expect and was not warned about. By not making the terms of the investment clear, we believe that the financial advisor mis-sold the scheme and we are helping Imani claim back the money she invested.
*Names have been changed to protect client confidentiality.
Where multiple people have received negligent or fraudulent financial advice from the same professional advisor/company, or have invested in the same fraudulent scheme, we can help them to recover their losses collectively. Group actions can be a powerful tool and can have a bigger impact than a single claim.
CONTACT US TO DISCUSS A PROPERTY INVESTMENT FRAUD OR MIS-SELLING GROUP ACTION CASE
Here are some of the questions our clients have asked our expert lawyers about making a property fraud or mis-selling claim.
You might be the victim of property fraud or mis-selling if a developer, scheme, or financial advisor convinced you to invest in property and:
Yes, if a financial advisor or provider advised you to invest in an unsuitable property scheme and they have since gone out of business, you may have a claim. The Financial Services Compensation Scheme (FSCS) protects consumers when financial firms fail. If a UK-regulated adviser has given bad advice concerning an investment product, and the provider or advisor has since gone out of business, the FSCS may pay compensation up to £85,000.
To make a professional negligence claim, you need to demonstrate that you were owed a duty of care, that the professional involved breached this duty, and that this breach caused you to suffer a loss. This can be hard to prove, as a professional is not expected to be right 100% of the time. To win your case, you must show that another experienced professional in the same field would have given different advice, or that the professional failed to follow recognised good practice. We have a history of effectively handling these types of cases and can help you make a successful claim.
As a result of property fraud and mis-selling, victims might have:
There are two main funds available to help victims of financial mis-selling:
We can help you to make a successful claim to the relevant fund.
You can make a property fraud or mis-selling claim without a lawyer. But, while a DIY mis-selling claim could save you solicitor’s fees, in the end, and even if you win, you might walk away with less compensation. This is often due to a lack of understanding over the law/procedures, which can put individuals at a disadvantage when up against savvy (and sometimes aggressive) defence lawyers. And, of course, if you lose your case, you will likely have to pay the other side’s costs. Because we offer no-win, no-fee funding arrangements, you benefit from expert legal support without worrying about costs.
You will only have to pay anything if you win. You will not have to pay anything upfront. Any payment would only come out of the money that we recover on your behalf. We will conduct the claim for you under a no-win, no-fee agreement. If you win, our fees will be deducted from your damages.
Each case is different, but many of those affected by property fraud and mis-selling could be owed many thousands of pounds.
Contact us to discuss your case. Signing up is straightforward and costs you nothing as we act on a no win-no fee basis.
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