Harlequin Property payment problems 'now severe'

Thousands of investors have put money into the scheme run by Essex-based Harlequin, which has promised to build luxury villas in St Lucia, St Vincent, Barbados and the Dominican Republic. Under the terms of its agreements with investors, Harlequin pays the interest on borrowings where investors have re-mortgaged their homes to invest in a Harlequin property in the Caribbean. The interest is paid until the completion of the off-plan property the investor has invested in. Last month, IFAonline revealed that one investor, who did not want to be named, contacted Harlequin after the com...