MBI and Northern Powerhouse Developments

nagromed wrote: »

I have already withdrawn from the purchase although I did put down £500 deposit to reserve the room pending legal purchase but "refundable for any reason" as promised in their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.

Did you pay the £500 via credit card?

nagromed wrote: »

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...

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

nagromed wrote: »

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.

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".

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