Bought a holiday lodge with false promises

[eastcoast]

Quote

Thankyou in advance everyone. We purchased a lodge as a holiday investment in february based on the salesman showing us a screenshot of the accounts from a lodge on the same park. He then stated 2 other lodges near to us was fully booked out all the time and furthermore not to book owner stays on our lodge as it would be busy. The salesman suggested we keep head of bookings on our side to direct bookings to our lodge which lacks integrity impartiality and honesty. We bought the lodge for 125000 and they offered us 70k. If we sell it through an agent, we have to give them 15% +vat of the sale price.We have evidence other than residents from another park they own threatened to sue them for mis selling. The owners won but signed a disclaimer. We will see if our insurance legal team can assist. We thank you in advance.

 

Thankyou in advance everyone.

 

We purchased a lodge as a holiday investment in february based on the salesman showing us a screenshot of the accounts from a lodge on the same park.

 

He then stated 2 other lodges near to us was fully booked out all the time and furthermore not to book owner stays on our lodge as it would be busy.

The salesman suggested we keep head of bookings on our side to direct bookings to our lodge which lacks integrity impartiality and honesty.

 

We bought the lodge for 125000 and they offered us 70k.

If we sell it through an agent, we have to give them 15% +vat of the sale price.

 

We have evidence other than residents from another park they own threatened to sue them for mis selling.

 

The owners won but signed a disclaimer.

 

We will see if our insurance legal team can assist.

 

We thank you in advance.

Edited March 28, 2023 by BankFodder
Restructured to make it intelligible

[BankFodder]

Firstly, please will you post up your messages in a properly spaced and punctuated state so that they are easy to read – especially for people with small screens and for whom solid blocks of text can be especially difficult.
Secondly, even though I've restructured it for you on this occasion, I am finding it really quite difficult to understand exactly what the problem is and what you are asking us.

 

[eastcoast]

Thankyou for your advice and guidance.

 

The forecast on financial returns is inaccurate.

 

We were advised turn key however since speaking to other disgruntled lodge owners  they are having to via social media plug the business to keep afloat and this was never mentioned in conversation with the salesman who suggested the other lodges bringing in an annual return of 23k.

 

We'll be lucky according to the park manager if we break even which is 6k.

 

We believe we've been mis-sold.

[Kyosanto]

A forecast is inaccurate by definition. It is not to be believed especially when coming from an eager salesman. Other than that I can't make any sense of your story, sorry. 

 

"We were advised turn key" 

"They are having to via SM plug the business to keep it afloat"