We review Buy to Lease’s unregulated car investment paying 8 – 12% per year

Buy To Lease logo

Rent To Lease Limited, an offshoot of car supplier and credit broker Get Me Car Finance Limited, is offering investment in leased cars to investors paying up to 12% per year as follows:

  • 8%pa for investments of £10k - £15k
  • 9% for investments of £15k - £30k
  • 10% for £30k - £50k
  • 11% for £50k - £100k
  • 12% for investments over £100k

A "special offer" on Buy To Lease's website raises the offered rate of return for investments over £10k to 10% "while the coronavirus lockdown is in force".

Continue reading for a review of Buy to Lease's car investment.

“Scam” introducer at the heart of Mirror investigation promoting High Street Group

Last week the Mirror's Andrew Penman investigated one of the introducers flooding Google Ads with high-risk unregulated investments targeted at savers looking for non-high-risk savings. His article, Scamming with impunity: the GoogleAd sham investment comparison websites, is well worth a read.

Penman turned the spotlight on Ilian Stoimenov, who had parked his caravan on the Google search results for "good ISA rates". One of the first hits was for sterling-isa.com, aka Lead Generation Limited.

I can reveal, thanks to a reader who has asked to remain uncredited, that excellent-bonds.com is promoting High Street Group.

Continue reading...

We review Invest in Rooms – unregulated care home investment paying 10% per year

Invest In Rooms logo

Invest in Rooms offers a range of unregulated property investments. At time of writing it is promoting a care home investment which offers returns of 10% per year "guaranteed for 25 years". The offer includes a commitment to buy back the room after 6 years for 110% of the initial investment, with the buyback rising to 125% after 25 years.

<a href="https://bondreview.co.uk/2020/05/14/we-review-invest-in-rooms-unregulated-care-home-investment-paying-10-per-year">Continue reading for a review of Invest In Rooms' care home investment.

We review Argonaut FX’ investments paying 7%-18% per month

Argonaut FX logo

ArgonautFX is currently advertising returns of 7% per month via Instagram stories, according to a reader.

On their website they claim to offer an "Income Generator" with an average return of 7.3% per month and a "VIP Fund" with an average return of 18.4% per month (and a higher minimum investment). A "Capital Guarantee" Fund is also listed as "Coming Soon".

Continue reading for a review of ArgonautFX's funds.

We review Accumulate Capital’s unregulated loan notes

Accumulate Capital are offering unregulated loan notes in their property business.

Current rates are only disclosed on providing contact details, however testimonials on their public website tout previous returns of up to 15% per year.

Accumulate Capital pays introducers up to 24% of investors' money as commission, according to its website.

Continue reading for a review of Accumulate Capital's loan notes.

Emboldened LCF investors secure crowd funding for FSCS legal challenge

London Capital & Finance logo

After being denied compensation from the Financial Services Compensation Scheme (other than a tiny handful of exceptions,) London Capital & Finance investors have raised money via crowdfunding to launch a judicial review.

As at 23rd April the campaign had already raised £7,833, exceeding its initial £7,000 target. Technically the campaign is to fund the judicial challenges of only the four LCF investors on the creditors' committee, but if their challenges succeed, this will set a precedent for the rest.

London Capital & Finance investors have been both emboldened and enraged by the FSCS' early indications that it will bail out investors in fellow collapsed minibond scheme Basset & Gold, which went into administration on 1 April.

Continue reading...

FCA knew about misselling of Blackmore Bonds three years before collapse

Blackmore logo 2019

The collapse of Blackmore Bonds has once again laid bare the Financial Conduct Authority's institutional contempt for its objective of consumer protection.

Paul Carlier, an independent consultant most well known for blowing the whistle on dodgy FX dealings at Lloyds, contacted the FCA on March 2017 to warn them that Blackmore Bonds' high-risk investments were being missold by an unregulated introducer named Amyma.

Continue reading...