A large number of investors have been advised to invest in properties based in the UK or overseas that have failed or have not fulfilled the potential that was promised.
You may have been advised to invest your funds (in some cases by way of a remortgage) to purchase property abroad and as a result lost vast sums of investment due to your advisors negligent advice.
In many of these cases, the properties were not worth the amount that was initially advised to the investor; sometimes the properties were not even built.
In some cases the property scheme owners or the financial advisors have gone out of business, leaving the investor with difficulties in claiming compensation.
If the business you are seeking compensation from is no longer around, you may be able to put your claim to the FSCS. In some cases the FSCS pay compensation to the investor if they find the adviser acted negligently in recommending a particular investment.
The FSCS has already received a large number of complaints relating to these types of property schemes. In some cases they have already established if the property scheme owners or the financial advisers were negligent in their advice to investors.
If you believe you were provided with negligent investment property schemes advice, get in touch with us on 01924 457171 to speak to our dedicated team for a free, no obligation consultation.