As the Harlequin Property saga rumbles on, new research reveals investors could potentially lose millions of pounds in forfeited deposits.
Central to the Harlequin Property proposition was “guaranteed mortgage finance”, which would allow investors to complete their purchase, having put down a 30% deposit.
“70% guaranteed mortgage”
Many investors used their own savings to fund the deposit, some used their pensions having transferred to a SIPP (Self-Invested Personal Pension), whilst others borrowed money by remortgaging their home. We have even spoken ...