Failed Property and Investment Schemes

Have you invested in property in the UK or abroad on the advice of a financial adviser where the scheme has not worked?

Were you advised to re-mortgage your home to raise money to buy another property, perhaps that had not been built and possible outside the UK?

Were you advised to transfer funds from an existing pension scheme into a Self-Invested Personal Pension (SIPP) to fund an investment in property here or abroad, which did not complete?

If yes, then you may have a claim for compensation.

Failed Property Schemes

Thousands of people were advised to do so and invested hundreds of thousands of pounds into schemes which have not worked. Many of these schemes failed because the property was never built or was never worth the amount people were told.

The property owners and the financial adviser firms have often disappeared or ‘gone bust’ which makes bringing a claim against them impossible.

However, the Financial Services Compensation Scheme (FSCS) is paying compensation to people who have invested in these schemes where the financial adviser is ‘in default’, meaning has insufficient assets, has ceased trading, has ‘gone bust’ or for some other reason cannot meet any claims.

The FSCS has already determined that many advisers on various schemes were negligent and is already paying compensation to investors for their losses. It has so far paid over £60 million to investors who were negligently advised to enter into these schemes. We act for many such investors and have already secured hundreds of thousands of pounds in compensation for our clients.

Can we get you compensation?

Some of the schemes

If you invested in the following schemes, you may have a claim for compensation

Harlequin Property

There were 7 Harlequin resorts:

  • Buccament Bay in St Vincent & the Grenadines
  • Merricks in Barbados
  • Marquis Estate in St Lucia
  • The Hideaway in the Dominican Republic
  • Las Canas in the Dominican Republic
  • Two Rivers in the Dominican Republic
  • Garapua Beach Resort in Brazil                        

Ocean View

Bankso, Bulgaria

Green Oil Plantations Ltd

Sustainable AgroEnergy Plc

The Arch Cru funds

Keydata

Ark LLP

There are many other schemes so get in touch if you think you were badly advised.

Some of the advisers

Were you advised to invest in property by any of these advisers?

  • 1 Stop Financial services
  • Crawford Scott Ltd
  • TaylorMade Independent Ltd
  • Kynaston-Carnoustie Financial Consultancy Ltd
  • Rowanmoor
  • Alltrust Hornbuckle Mitchell      
  • Regency Financial Resources
  • the Lifetime SIPP

If you think you have been negligently advised and suffered financial loss as a result, please contact us as soon as possible as you may be entitled to compensation.

Funding your claim

We offer a number of options to fund professional negligence claims including Conditional Fee Agreements and fixed fees. In claims involving the FSCS we charge a percentage of the sums recovered on you behalf

Contact our professional negligence solicitors

To arrange a free initial consultation with one of the expert lawyers in our financial claims team, contact us online or by phone on 0333 920 1466.

 

 

 
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