12 Mar 2008 2:17 PM:

** EDITED ** Against forum riles

So, if anyone who has got air con etc thinks that the property is now being further let down through the inability of the comminity to pay for maintenance then TOUGH. Now you know how we feel, and perhaps you will turn your frustration onto the real culprits

** EDITED ** Against forum riles

This message was last edited by EOS Team on 3/12/2008.
Community thread: Murcia Furniture

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13 Feb 2008 5:24 PM:

I think you're missing the point. These properties were NOT sold as long term investment vehicles. They were sold on the basis that you could 'spin the contract' to use their terms, and sell for a profit BEFORE you completed. This is what many of us were told, and it was on this basis that we went ahead. For this reason many people signed up for five or more!

The alternative was to keep the property and '12 weeks rental would cover the mortgage' HA HAHA what 12 weeks rental? I can't even get my furniture and air con installed, let alone have an apartment in the 'select development' we were promised.  For two years all I've done is pay out on mortgage payments, insurance etc etc and guess what? the value has gone down so far, that I don't think I could sell mine for 65% of what I paid for it. My last reporter saw dogs in the pools, satellite dishes ever where, burger vans parked up at night using OUR electricity, wire fences creating that oh so desirable Colditz effect. So who on earth would want to book a holiday there? Are they taking bookings for this summer? How many years must I pay out before I see any return or even cover my costs?

I don't think anyone who bought on Manilva Beach is naive or gullible. the deposits were substantial and all the people I met on tours (I've been on four) were genuine, ordinairy people, and we are sensible enough to know that there is a risk to any investment. You win some, you lose some......

But, this isn't a case of an investment going sour. I feel like I've dealt with a company who have systematically conned me, right from the start, and that is something that I do not accept. I am not IFA bashing, but by using IFA's 'They who cannot be named' were creating a regulated environment to sell unregulated products. This is wrong. Many people believed they were getting authorised investment advice, when they weren't, and unregulated means no redress.

 

Community thread: flax horse bedding

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13 Feb 2008 1:49 PM:

Matt H was very lucky. The rest of us weren't stupid as we were all sold to by IFA's and to be honest, we believed them, I've only just found out that they were paid around 3% commission so it wasn't the independant advice we thought we were getting. On any other product and IFA sells commission has to be disclosed, special rules though for THEY WHO CANT BE NAMED

No Matt H, we weren't hungover for three weeks. I didn't pay a reservation fee in Spain, I went to see the IFA in question in Edgebaston a couple on months later where he went through all the growth, income projections again. Now he's trying to say that this WASN'T investment advice!

They told us they would sell it before completion for a small profit, and they told us they found a couple of buyers, both of which fell through so we were stuck with having to complete. £1000 upfront fee to arrange a mortgage (not the non-status one we were sold at the ouitset) and we were told that if we withdrew before completion we would lose all of our deposit £60,000

We were stuffed, well and truly done

Community thread: flax horse bedding

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12 Feb 2008 8:07 PM:

we are sick and tired of all the lies we've been fed and the lack of truth from everyone to do with our property.

we are now trying the maximum publicity route - lets see how they react when asked questions by real investigative journalists who know the libel rules and who can't be gagged

 

Community thread: flax horse bedding

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12 Feb 2008 7:44 PM:

What is the point in getting involved if I can't even get my furniture installed for nearly 3 years even though we paid £18000 for it?

 

Community thread: flax horse bedding

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