Land Banks & Scams
Land Banking is where you buy a plot of land in the hope (or knowledge) that the land is likely to increase in value when somebody later wants to buy it and develop it.
There are plenty of investment companies out there offering land banking investments, some of which are considered by some pension providers and financial advisers to be suitable for SIPP pensions.
But Land-banking investments are high-risk investments, that are unregulated by the FCA and in some cases, are outright scams.
The financial services watchdogs even built a page warning against the practice, as sometimes the same plot of land is sold over and over again to different people.
It is thought that Land Banking schemes may cost UK investors up to £200m.
Not all land banks are scams, but they are ALL high-risk and unregulated, with many investors having been mis-sold, which may mean they can claim…