Landbanking schemes
Buying a small plot of agricultural land that is guaranteed increase in value after it is developed sounds like an excellent investment opportunity. This enterprise is known as ‘landbanking’. However, like any investment opportunity, you must beware of unscrupulous scam operators that are eager to take your money in return for false promises.
This is how landbanking works:
Small parcels of farmland are advertised for sale as investment opportunities, usually online or via telemarketing. You may also see stands promoting such investments at places such as lifestyle exhibitions. The pieces of land that are sold are often located in areas that have significantly high house prices, adjacent to urban areas or lands that are already allocated for development. Investors are convinced to buy the plots of land on the premise that it can be resold to a developer for a sizeable profit once planning permission has been granted.
A potential investor is likely to encounter high-pressure sales techniques combined with misleading advertising when approached by some of these unscrupulous sellers. Typically, the land that is being sold has little or no development potential and is being sold at a vastly inflated price. They will mislead potential buyers by suggesting that permission for development is already as good as granted and that the property value is guaranteed to increase.
The reality is that the buyer may be persuaded to purchase land that will never be suitable for development and is unlikely to ever increase in value. For example, the land might be located in a swamp or a flood risk area, or on ground that is geologically unsuitable for development. The actual value of the property is often a mere fraction of what the unlucky investor has paid, making it highly unlikely that he will ever be ever to sell it or recover his investment.
Protecting yourself from dishonest landbankers
- Always investigate any company thoroughly before giving them any money. Do your own investigation and do not take the salesman’s word for anything!
- Ask advice from a professional who is not connected to the company who is selling the land.
- Be sceptical of any claims that your investment is ‘guaranteed’ to make money. After all, if these investments were so lucrative, why are these companies so anxious to sell them to you?
- Talk to the local planning authorities to see if it is likely that there will be planning permission granted for the property.
please get in touch. I am getting a group together to take criminal action against dominic and kathryn lewis. the weasel dog at gee mail dot c. o – m
Have emailed you Paul.
I also got a call from First Choice Properties for a 250 sq. m. plot in Mundau Village, Brazil for 5000 pounds before 2-3 month. I grilled them for an hour or so and then i said i don’t have money right now to invest. Then after 3 months again i am getting call from them by saying the same plot’s price is rised to 5600 pounds and JW Marriot is going to buy a land near to it. I will grill them like a hell this time and obviously won’t give a single penny!
Katherine Lewis and Dominic Jones are an item – they have two children together. Katherine Lewis real name Mandy JLewis ex girlfriend of Peter Sage who was also a partner of ELP but left to set up profitable plots. http://www.petersage.com
Nope your wrong he has threee children and i am the eldest im 14 and i must say you guys really hate my dad but honestly i dont blame you hes an ass but he has changed
Sorry to hear. Loads of us in the same situation. Mine was in 2010. Slowly I’m trying to get my life back together
Please contact me. theweaseldog@gmail.com. there are ways we can recover tbe money.
Lewis (dominic’s son). Thanks for the message. I’d like to speak to your dad about a refund. How about he contacts me. theweaseldog@gmail.com