Landal Greenparks lodge investment

lozzy1965

daveyjp said:

More discussion here.

https://forums.moneysavingexpert.com/discussion/6275401/landal-greenparks-lodge-investment/p1

Nice circular loop   That link takes you back to the start of this thread!

daveyjp

Thread merging in action!

Rkd

I have got the contract but its not clear cut so maybe I will back out. also I am trying to find reviews on other investment around this and cannot find it 

Rkd

this is what I found on the scam website? any thoughts. no reviews though 
https:// www.scamadviser.com/check-website/landal-belvedere.com

Rkd

was unable to post link so had to put space in

Aretnap

Rkd said:

this is what I found on the scam website? any thoughts. no reviews though 
https:// www.scamadviser.com/check-website/landal-belvedere.com

That just tells you that the website has been around for a while, is registered in the UK, has a valid security certificate etc.

Basically scam adviser is just looking for outright phishing scams, clone scams, foreign websites set up to look like NatWest etc.

It doesn't tell you anything useful about whether the company's business model is sound, whether it is offering you a good investment, whether it has the wherewithal to make good on any guarantees it is offering etc.

Zanderman

Rkd said:

I have got the contract but its not clear cut so maybe I will back out. also I am trying to find reviews on other investment around this and cannot find it 

You are seriously thinking that this (below, from your earlier post) is a sensible investment?

55k investment over 5 years which 8% return yearly on 55k pId quarterly and after 5 years you will get 55k back plus 10% on top

It's a holiday home.  It's a temporary building that will have multiple holidaying occupiers wearing it and the fixtures and fittings and decor out.  It will deteriorate and lose value quickly.

The site owners/managers may perhaps pay 8% annually for 5 years but it will not be worth 10% more than you paid for it after 5 years.  

If these returns really are 'guaranteed' the firm involved wouldn't need your money as the site is a gold mine that needs no external investment.  But they are asking for your money.  Ask yourself why.

And if such wonderful investments existed we'd all be doing it.  But we aren't all doing it.  Ask yourself why.

In reality there are no guarantees.  If it looks too good to be true it is too good to be true. 

IanManc

With any of these supposedly "guaranteed" investments you need to ask who is providing / underwriting the guarantee, and how you enforce it if things go wrong.

Nebulous2

This is an interesting article, which may have some relevance to this thread. 

www.thisismoney.co.uk

Albermarle

Nebulous2 said:

This is an interesting article, which may have some relevance to this thread. 

www.thisismoney.co.uk

From the article 'However, after the 54-year-old finance director invested £58,500, it emerged that the building was far from complete — and his money vanished. 

You would think a Finance Director would have more sense, but I was listening to a similar story recently where the solicitors involved were eventually barred ( can't remember where ) and one of the people who lost a load of money was a retired financial advisor !