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My name is Tamsin Barks and I am taking IAP and the directors and officers of IAPto court .
When my case is successful it will give others a way of fighting back and getting theirrightful compensation.
At the moment Jim Moore claims to be suffering from stress! ****** isstruggling to find his millions of £'s! and Maria Gifford's husband says she istoo upset to replyherself to my court papers! Anthony Mckay merely claims it was not his fault..So whose was it then Tony, Jim and ***?- must have been Marias!
I suspect anyone who has lost their home, life savings or pensions through thesepeoples actions will be less than sympathetic at their current plight.
(By the way when I last checked Freedom Portfolio which had somehow phoenixed outof IAP Global which had itself somehow phoenixed out of IAP it was operatingout of a false address- I visited and all I could find was a pond with a fewgeese - nice one Tony and Jim)
Any way to get to the point.
I am now collecting statements and anything you remember about the followingpeople who were involved with the company:
Maria Gifford, ***, Jim Moore Anthony McKay and NeilStorey
Did you meet them?
Did you write to these people?
Did you get a response?
Did they email you, and if you complained to Anthony Mckay who got copied into hisemails?
Was anything said about them to you?
Did they present at your seminars?
2. Secondly would anyone who believes they have likewise suffered like to protesteither outside one of their multimillion pound mansions? Or at my court case? Ihave the presswith me on this...? I am at the stage of collecting names of people who wouldlike to join me.
3. Did you use Fuel, if you did did they pass on the valuation for your propertyor did they withhold it?
**** was very proud that this company was "a giant among pigmies"and the biggest in buy to let.
There must be some people out there who want to see justice done and the industrycleaned up?
Not sure what you mean Susanne, how is my post "mischief making", I am suggesting to Tamsin that that our very own Vanessa will probably be the person with the most insights. How else have I been doing a fair bit of anything? I only have time to pop on here occaionally.
I host the London Real Estate Meet on the 2nd Tuesday of every month since 2005. If you have never been before, email me for the 'new visitor' link.
Also happy to chat on the phone. Pay It Forward; my way of giving back through sharing. Click on the link: PropertyFortress.com/Ask-John to book a time. I will call you at the time you selected. Nothing to buy. Just be prepared with your questions so we can use the 20 minutes wisely.
Hi Ivy,Thanks for inviting me to comment for Tamsin although I have had much email correspondence with her, and we have also had many long telephone calls to try and assist her.I am afraid your information is somewhat inaccurate.As previously documented on many occasions, myself and Nick only ever worked on the educational side at Inside Track. (Inside Track being the seminar company, and Instant Access being the property sales company). We were never involved in selling properties for them ... EVER.I still believe in education & promote it, as I believe that you can never learn less, and it was the IT course and meeting other investors through them that helped us.When we realised what IT were up to and how dangerous the off-plan methods were, we left ... long before the rumblings and concerns about them started. Initially, we were as niave then as other people who got sucked in ... but, like I said, we never sold properties for them, only ever worked on the educational side. So we were not top sales people and your suggestion that our "charisma made loads of property sales" for IT is completely wrong as IT didn't sell property.We never joined their membership programme or bought a single property through them ourselves , so we were not able to recommend their deals.When were heard about other people getting into difficulties, we did what we could to support those people and highlight the dangers of Inside Track's methods. This included Nick going on Radio 5 Live and a BBC 2 property programme to speak out against them.He was one of the few people to have the courage to stick his head above the parapet and we were attacked legally by IT for it but that did not stop us.So, Ivy, our integrity is intact and we have nothing to hide about our involvement with Inside Track and have never tried to hide anything.We have tried to help Tamsin and others both publicly and privately. Thank you for allowing me to set the record straight ... again.
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Thankfully I had no involvement with IT so I cannot help here, but I wish you every success in your campaign against them. Good for you that you are trying to get some justice for all the people who lost such a huge amount of money, and for Vanessa and Nick that they distanced themselves and spoke out publically against IT when it became apparent to them what was going on.
Lisa All comments are for education and information purposes only and do not construe as advice or a financial promotion. No liability is accepted for comments made. If you wish to receive information in an advisory capacity then please contact me about becoming a client. www.keys-mortgages.com
Hi there, I've been reading some posts about Jim Moore and his trail of destruction, and I thought perhaps I could say something to help these unfortunate people.I used to work for Fuel Investments and it was sometimes my responsibility to give an opinion on upcoming developments. IAP would approach us with the estimated rental figures, structure and values of their developments, to ensure they would be suitable securities for lenders. Bearing in mind the number of new build lenders diminished as time went on, the lending criteria became very strict and choice of lenders very few.I would look at the development specs and based on the criteria of the lenders available, I would advise them if the property was satisfactory and what calculation had to be satisfied by the potential rental figures in order for the development to 'stack up' i.e. From say, 5 potential lenders, I would give the average interest rate of 5.5%, the rental income would need to satisfy 125% of the mortgage payments and the maximum loan would also be calculated according to these parameters. I witnessed my advice to IAP being ignored time and time again as they would alter my numbers to say, 5.2% on 115% just so they could 'fit'. Of course, if they were unable to adjust the rental calulation numbers to realistic figures, they could always inflate the rental income.Secondly, before a development was released, IAP would instruct several individual valuers to survey the property. They would obviously use the highest valuation to justify the investment to the client and ensure the lower rating surveyors were avoided at all costs. On top of this, the same high rating valuer would be used for mortgage purposes. Unfortunately, as lenders and valuers have exposure limits, only a minority of investors on a certain development could acheive lending at the levels the were initially advised. Usually only the first few mortgage applicants got to use the most desired surveyors, then exposure limits would be reached and the less desired surveyors had to be used. I'm not sure if this practice could be used to take action against IAP... valuers can be a stubborn and arrogant breed, but they're not usually corrupt and they do give an 'honest' opinion. Having said that, I did read in the paper recently that a BTL homeowner won a case (approx £70k compensation) against a valuer who stated an estimated rental income of £2,000pcm on the val report. After the purchase, the owner struggled to acheive £1,000pcm.It's a shame that the huge kick-backs from the developers were not used to renegotiate the purchase price for the investors (surely the investors did not believe 15% was the entire builder discount) . I'm sure there was plenty of play on IAP's side in the event of a down-valuation. Instead all clients were asked to make up the difference from their own funds or risk losing their deposit.Anyway... good luck Tamsin. Hope this helps in some way.
Just stumbled across this, it really is quite unbelieveable. A couple of off plan BTL's nearly cost us everything we have. Luckily, we survived.
The latest issue we face is getting hounded by the management company of a property that was sold to us as an investment, pulling us up for sub-letting and demanding a fee for each tenancy.
And so it goes on.