Were You Mis-Sold An Investment In Lomax Residential Student Halls?
Were you mis-sold an investment in Lomax Student Accommodation? Are you entitled to make a claim and recover your losses? Read on to find out!
Many of us remember student halls with varying degrees of fondness. Are they a sound vehicle for investment?
Lomax Student Halls Investments gave investors a chance to find out. The halls in Stoke were available as investments to individuals using SIPP pensions.
What some investors missed were the facts that Lomax student accommodation investments were high-risk. Falling outside FCA regulations, Lomax investments offered no protection from the Financial Ombudsman or the FSCS.
According To The FSCS, The Value Of Lomax Investment Is £0
High-risk investments like Lomax are only suitable for Sophisticated Investors and High Net Worth Individuals. These are not vague terms. They mean that an investor has either more than £250k of investible assets and/or annual earnings of more than £100k.
If you fall outside this narrow group and a financial adviser pushed you into a Lomax investment, the adviser’s actions may have been negligent. If you wound up with an investment in Lomax without being properly informed about its risks, you may be able to make a mis-selling claim. You can make a claim whether you invested through a Self-Invested Personal Pension (SIPP) or with cash.
We specialize in helping investors recover their pension funds when they are mis-sold a high-risk investment like Lomax. We’ve already recovered more than £31 million for our clients. We’d be happy to talk to you about your own situation. Call us for a free no-obligation initial assessment. If we feel you’ve been mis-sold, we will help you fight for a favourable claim on a strict ‘no win no fee’ basis.