Pay attention before investing in Elliot group Liverpool develoments

Discussion in 'General Property Investment Discussion' started by Tania Genco, Feb 6, 2019.

  1. Tania Genco

    Tania Genco New Member

    I invested in Victoria House Leeds, the development of Elliot Group Liverpool completed on 15th February 2018. The developper promissed the guaranteed assured rent of 9200 pounds/year during 3 years. In fact, he paid only once 2600 pounds. He does not answer my e-mails. The managing company , Urban bubble Manchestor, responds that the developper did not send the funds to the managing company to pay the investors.
     
  2. Jules1970

    Jules1970 New Member

    That's is awful.

    Sad that these companies get away with it. I hope you reported them to FCA. Though they may not be registered but if they have been fraudulent you may get help. Hope you get your money back!
    Julie
     
  3. diyhelp

    diyhelp Active Member

    So who is actually liable for your payments - the developer or the management company? If it is the management company then it is not your problem that they have not been paid? Or am I being a little unfair?
     
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