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Knighthood-property

Anyone had dealings with this company ? They state money supermarket recommended them. They are offering over 6% on £20,000 + fixed for a year. They are fca regulated and would give me a Tesco bond
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Comments

  • JGB1955
    JGB1955 Posts: 3,901 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    If it sounds too good to be true - .....
    #2 Saving for Christmas 2024 - £1 a day challenge. £325 of £366
  • masonic
    masonic Posts: 27,915 Forumite
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  • bostonerimus
    bostonerimus Posts: 5,617 Forumite
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    I don't know the company, but based on your description I too wouldn't touch it.
    “So we beat on, boats against the current, borne back ceaselessly into the past.”
  • Daliah
    Daliah Posts: 3,792 Forumite
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    You could try and find them on the FCA Register. Then, when you don't find them, you could/should report them to the FCA .
  • grumiofoundation
    grumiofoundation Posts: 3,051 Forumite
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    masonic said:
                       
    I hope this wasn’t a suggestion to take a punt…. 


    On the other hand even if I did have the bargepole being used I wouldn’t touch this offering with it.
  • masonic
    masonic Posts: 27,915 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    masonic said:
                       
    I hope this wasn’t a suggestion to take a punt…. 


    On the other hand even if I did have the bargepole being used I wouldn’t touch this offering with it.
    My goodness no! Bargepoles at the ready.
  • wmb194
    wmb194 Posts: 5,309 Forumite
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    edited 7 June 2022 at 8:45PM
    Anyone had dealings with this company ? They state money supermarket recommended them. They are offering over 6% on £20,000 + fixed for a year. They are fca regulated and would give me a Tesco bond
    Why would Tesco need to borrow from you, a random person, at 6% for a year via a company that no one has ever heard of? This is a common scam where they point to a corporate bond listed on the stock market that was issued years and years ago that you cannot actually buy today at a price that would earn you a 6% (or whatever) yield.
  • Daliah said:
    You could try and find them on the FCA Register. Then, when you don't find them, you could/should report them to the FCA .
    They are registered on fca
  • It does seem to be too good to be true;but checked they are on fca register, and the Tesco stockers and shares looks ok
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