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Review: Challenor

I’ve had quite a few emails about Challenor’s property finding opportunity. Like this one:

“I put down over £6000 on a property in August last year, but never heard anymore from Challenor, I rang them just before Christmas to find out what was going on as I did not hear from them.
The email continues…

“The person I spoke to ‘Martin Nelson’ tried to sell me another property as they were having problems with the developer of the property I choose, I told him I did not want that property, and would like my money back if they could not provide me with the property I choose.

“I was then told that they do not refund money. I am going to go to York to their head office as soon as I can arrange this to confront them about my money.”

Challenor claims that they will help you “acquire as much property as you want”, using techniques that until now have been kept for the “super-rich property tycoons”.

They say that every property you get should have a minimum of 15% equity in them from day one.

In return for this you pay them a whopping great finder’s fee.

You also fork out for all the usual legal costs. But dig deeper online and you’ll see lots people claiming that the properties don’t sell, and the rental projections are totally unrealistic.

Whatever their skills in finding properties, the biggest problem seems to be that they don’t treat their customers very well.

The sales team are VERY pushy. Worse, at least one other person I’ve read about is taking legal action because Challenor didn’t offer the refund it promises within 30 days.

I’d put a peg on your nose and walk away from this.

Posted by Sophie on November 23, 2010. Filed under Home Business Opportunities,Reviews. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry