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  • FIRST POST
    • ashpan
    • By ashpan 13th Sep 17, 6:49 PM
    • 72Posts
    • 7Thanks
    ashpan
    MBI and Northern Powerhouse Developments
    • #1
    • 13th Sep 17, 6:49 PM
    MBI and Northern Powerhouse Developments 13th Sep 17 at 6:49 PM
    i invested in a care home development company a couple of years ago, then known as MBI Property Investments, but now known as Northern Powerhouse Developments. I Purchased a room in an off-plan care home with the idea of a return on my investment commencing in december 2019. They have recently written to me saying that the company has now been split into 3, with the care home i was investing in being transferred to a leisure company that speciaised in selling hotel rooms. They have told me that they plan to sell the care home i invested in as soon as its built as the new CQC guidelines mean that the size of the rooms wont make it financially viable. I have three choices currently, transfer my investment to a hotel room in the next 4 weeks and they will add another 10k to the investment and i will get my returns 12 months early, leave the money in the off plan care home or sell my room in the hotel once ive purchased it. Im pretty confused and disappointed with the whole situation as how do i know that they wont again change things when the time comes to realise my investment. I need to know if i can get out of this as they havent kept their side of the deal ie by constructing a care home and having my room up and running to be able to offer me a return on my investment.
    Has anyone else invested in either MBI or Northern Powerhouse Developments ?
    Last edited by ashpan; 13-09-2017 at 6:54 PM. Reason: spelling
Page 1
    • Zanderman
    • By Zanderman 13th Sep 17, 9:42 PM
    • 1,291 Posts
    • 3,717 Thanks
    Zanderman
    • #2
    • 13th Sep 17, 9:42 PM
    • #2
    • 13th Sep 17, 9:42 PM
    As I posted in your other thread on this (why two threads in the same place?):

    This article from the Independent in Dec 2015 might be of interest to you, though it is not very reassuring re MBi's tactics.

    http://www.independent.co.uk/life-style/health-and-families/health-news/care-home-rooms-offered-for-sale-to-private-investors-on-buy-to-let-basis-a6768606.html
    • fishhook
    • By fishhook 22nd Sep 17, 7:58 PM
    • 1 Posts
    • 0 Thanks
    fishhook
    • #3
    • 22nd Sep 17, 7:58 PM
    • #3
    • 22nd Sep 17, 7:58 PM
    I think we are in the same boat as you. Is there any way I can talk to you? I am new to using a forum.
    Did you become involved with this through Graham Rowan, Elite Investor Club ?
    • ashpan
    • By ashpan 30th Sep 17, 11:04 PM
    • 72 Posts
    • 7 Thanks
    ashpan
    • #4
    • 30th Sep 17, 11:04 PM
    Hi
    • #4
    • 30th Sep 17, 11:04 PM
    You can send me a personal message on here, it wasn’t called that initially and I invested direct through MBI, would be good to compare notes
    • ashpan
    • By ashpan 24th Oct 17, 8:31 PM
    • 72 Posts
    • 7 Thanks
    ashpan
    • #5
    • 24th Oct 17, 8:31 PM
    MBI Property Investments and Northern Powerhouse Investments
    • #5
    • 24th Oct 17, 8:31 PM
    thanks for the link

    im still looking for other folk who may have invested in either of these companies - its starting to look . more and more like a scam and if this is the case ive lost over £50k

    any suggestions as to how to find others so we can compare notes are more than welcome

    there are two people involved one is Gavin Woodhouse and the other is Graham Rowan from Elite Investor Club - theyre currently looking for investors for yet another project and i really think people should be warned but no idea how to go about this
    • nagromed
    • By nagromed 26th Oct 17, 5:46 AM
    • 4 Posts
    • 0 Thanks
    nagromed
    • #6
    • 26th Oct 17, 5:46 AM
    • #6
    • 26th Oct 17, 5:46 AM
    I am talking to NPD about buying a room in Eden Country Spa which is a hotel they are buying with completion supposedly due December. The deal introduced to me by Property frontiers.com promises 10 percent of purchase price per annum as "rental" from the hotel operator and after 10 years your purchase price back plus 25 percent . This sounds very generous when compared to
    them taking out a commercial mortgage at around say 3 to 4 percent even if refurb interest rates are higher . . So it suggests that they can't find a mortgage lender and instead make an attractive offer to the public at large. I am interested in swapping experiences with others who have purchased or are looking at purchasing rooms in this hotel or other hotels in the NPD group such as Atlantic Bay Hotel Woolacombe, another in llandudno and about 9 in all.
    I'm having difficulty getting information about .the current hotel operation, revenues, occupancy etc. and so have concerns about the risk involved. Lots more to cover if anyone can make contact..
    • greendoor665
    • By greendoor665 26th Oct 17, 7:17 AM
    • 35 Posts
    • 79 Thanks
    greendoor665
    • #7
    • 26th Oct 17, 7:17 AM
    • #7
    • 26th Oct 17, 7:17 AM
    Non FCA-regulated investment offering extremely high levels of 'interest' with vague and confusing company structure and little information available. What could possibly go wrong?
    • Malthusian
    • By Malthusian 26th Oct 17, 10:02 AM
    • 3,288 Posts
    • 4,992 Thanks
    Malthusian
    • #8
    • 26th Oct 17, 10:02 AM
    • #8
    • 26th Oct 17, 10:02 AM
    I am talking to NPD about buying a room in Eden Country Spa which is a hotel they are buying with completion supposedly due December.
    Originally posted by nagromed
    If you've read this thread and the OP's other thread and this older thread concerning another investment promoted by the same people who are promoting Eden Country Spa (which funnily enough also promised a high level of income followed by a 125% buyback), and you are still "talking to them" present tense, then I have nothing more to say.
    • Zanderman
    • By Zanderman 26th Oct 17, 10:40 AM
    • 1,291 Posts
    • 3,717 Thanks
    Zanderman
    • #9
    • 26th Oct 17, 10:40 AM
    • #9
    • 26th Oct 17, 10:40 AM
    I am talking to NPD about buying a room in Eden Country Spa which is a hotel they are buying with completion supposedly due December..... ....I'm having difficulty getting information about .the current hotel operation, revenues, occupancy etc. and so have concerns about the risk involved.
    Originally posted by nagromed
    Have you read the threads about this?
    You're still thinking about investing?
    Yes, you should have concerns about the risk involved....
    • nagromed
    • By nagromed 27th Oct 17, 10:39 AM
    • 4 Posts
    • 0 Thanks
    nagromed
    I have already withdrawn from the purchase although I did put down £500 deposit to reserve the room pending legal purchase but "refundable for any reason" as promised in their marketing literature.
    But if they decline to make a refund, perhaps other information will help to apply the necessary pressure on them.
    Gavin Woodhouse seems to be the main link between MBI and NPD.
    I'm a first time forum user, so apologies if inadvertently I have broken some
    rule or other.
    • Shashy
    • By Shashy 27th Oct 17, 11:53 AM
    • 71 Posts
    • 89 Thanks
    Shashy
    I have already withdrawn from the purchase although I did put down £500 deposit to reserve the room pending legal purchase but "refundable for any reason" as promised in their marketing literature.
    But if they decline to make a refund, perhaps other information will help to apply the necessary pressure on them.
    Gavin Woodhouse seems to be the main link between MBI and NPD.
    I'm a first time forum user, so apologies if inadvertently I have broken some
    rule or other.
    Originally posted by nagromed
    Don't plan on getting that 500 quid back
    • Malthusian
    • By Malthusian 27th Oct 17, 12:17 PM
    • 3,288 Posts
    • 4,992 Thanks
    Malthusian
    I have already withdrawn from the purchase although I did put down £500 deposit to reserve the room pending legal purchase but "refundable for any reason" as promised in their marketing literature.
    Originally posted by nagromed
    Did you pay the £500 via credit card?
    • nagromed
    • By nagromed 31st Oct 17, 7:53 PM
    • 4 Posts
    • 0 Thanks
    nagromed
    No, by bank transfer and you are probably going to say I am only covered when using a credit card but as refund is clearly promised in the marketing literature and I have a firm of solicitors supposedly representing my interests, I still expect payment to occur even if delayed.
    While on my soapbox, does anyone have the problem that with sites like trustpilot and scam broker.com it seems impossible to post a review even when signed up and dutifully logged on ?.
    Maxcfd.com based on many (95 %) damning reviews are clearly a scam outfit and although I have steered clear of them, what can be done collectively to expose these guys via
    the police, credit card company or some independent crusading group that tracks them down and applies pressure legally or using social media or whatever to bring the scammers to book. It seems most victims recount their situation but eventually concede the money is lost and the scammers move on untouched to the next unsuspecting punter..
    • jimjames
    • By jimjames 31st Oct 17, 8:03 PM
    • 12,181 Posts
    • 10,696 Thanks
    jimjames
    No, by bank transfer and you are probably going to say I am only covered when using a credit card but as refund is clearly promised in the marketing literature and I have a firm of solicitors supposedly representing my interests, I still expect payment to occur even if delayed...
    Originally posted by nagromed
    Unfortunately if you're paying solicitors it's probably throwing more money away but I hope you have some luck resolving it. Please update us how you get on
    Remember the saying: if it looks too good to be true it almost certainly is.
    • nagromed
    • By nagromed 1st Nov 17, 4:15 AM
    • 4 Posts
    • 0 Thanks
    nagromed
    I think the firm of solicitors TQ Property Lawyers are OK and have not asked for any payment.
    They quoted conveyancing, registration costs etc. but we never got to that stage. NPD has just now sent me a form to fill in with my account details etc. so their moves are at least indicative of payment.
    Time will tell and I will confirm if and when payment is received. The "if it sounds too good to be true it probably is" rule links in with commercial mortgages, apparently running at around 3 to 4 percent, so why would NPD offer ten percent to retail investors unless conventional mortgage lenders had already universally refused them. Should have thought about that a bit earlier !
    • Malthusian
    • By Malthusian 1st Nov 17, 9:49 AM
    • 3,288 Posts
    • 4,992 Thanks
    Malthusian
    No, by bank transfer and you are probably going to say I am only covered when using a credit card but as refund is clearly promised in the marketing literature and I have a firm of solicitors supposedly representing my interests, I still expect payment to occur even if delayed.
    Originally posted by nagromed
    I would expect nothing. But they may give you the £500 for the sake of a quiet life so they can get on with taking other people's money.

    Don't give any money to your solicitors, it won't make any difference. One letter could swallow up the £500 if you do get it back.

    While on my soapbox, does anyone have the problem that with sites like trustpilot and scam broker.com
    Scam Broker is exactly what it says on the tin, a website that helps you find scams. Checked the website and there are three get-rich-quick binary options / forex websites advertised at the top. It's one of those Google-baiting "Is BancDeForex a scam, yes it is, you should invest in 94Options instead which totally isn't" websites. Ignore it, leaving a review won't do any good.

    Trustpilot is of course a reputable site but as it relies on companies for income, it has more of an incentive to take reviews down when their customers complain about them than it does to leave truthful reviews up. (Their customers are the companies who are reviewed on it, not you. The customer is the one who pays. You are the product.)

    You didn't say exactly what problem you were having with your review. Are you having it taken down or are you not able to post at all? If the latter it sounds like a query for tech support.

    why would NPD offer ten percent to retail investors unless conventional mortgage lenders had already universally refused them. Should have thought about that a bit earlier !
    8-10% is the sweet spot for this end of this particular market. Lower and people have no incentive to leave the regulated arena. Over 12% and they start thinking "too good to be true".
    • badger09
    • By badger09 1st Nov 17, 4:10 PM
    • 5,391 Posts
    • 4,630 Thanks
    badger09
    @ NorthernPD

    You need MSE's permission to post as an official company spokesperson

    https://www.moneysavingexpert.com/site/forum-faqs

    scroll down to Companies posting on the forum
    • MSE Matt
    • By MSE Matt 3rd Nov 17, 2:25 PM
    • 74 Posts
    • 112 Thanks
    MSE Matt
    Posting on behalf of Northern Powerhouse Developments

    'Good Afternoon Forum Users,

    My name is Tara and I am the sales and aftercare manager for NPD.

    I would like to answer your queries on Northern Powerhouse Developments and want to begin by advising that an email was sent to all clients in 2016 and again in 2017 stating the following:

    “In, 2015, the substantial growth of MBi resulted in the decision to consolidate the different development and operational businesses throughout the care, leisure and student industries. Northern Powerhouse Developments has been set up to solely focus on the sales, construction and renovation of the hotel portfolio whilst Giant Hospitality Group (formally MBI Hotel Management) provides operational and management control of all our hotel based projects.

    Northern Powerhouse Developments has also been allocated to administer the sales of Smithy Bridge, Clifton Moor & Hawthorn Care Village. Our day to day duties will include quarterly updates, arranging site viewings, launch days and any administration relating to annual returns payments. Contractually everything remains the same, there are no changes to the terms of your purchase.”

    I can confirm that all the care homes will be built to exceed CQC regulations and once they are built, they will then be sold. At this point, clients will be released from their purchase as per the terms of their contract.

    The reason for clients being offered a “divestment” is given the strategy of the business is no longer within long-term operational services to care, we will be selling the care homes once they’re built. Many clients purchased with a preference to longer term income and therefore divesting remains in line with their longer-term aspirations.

    Any client who reserves pays £500 reservation fee which is fully refundable if a client chooses to withdraw from the purchase. I can confirm the client mentioned above will receive a refund for their reservation fee. @nagromed if you have not received your refund, please contact me on 01422 344772.

    Please note that NPD have dedicated in-house teams to manage all elements of the business. With regard to the comments above; our sales teams both pre-and post-sale would happily assist. Our sales administration team are on hand to ensure all client purchases transact smoothly whilst our aftercare team focuses on clients past the point of purchase, they regularly speak with clients, meet them on site and send quarterly updates to ensure they are always in the know. Should you want more information on NPD’s internal teams please visit our website.

    Should anyone feel they require further information from NPD regarding any of its policies or procedures and or existing opportunities we are on hand Monday-Thursday 9am-5pm and Friday 8:30am-4:30pm on 01422 344772.

    Thank you

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