Harlequin survey: 95% of investors weren't told the risks

In a survey of 292 investors by law firm Regulatory Legal, which acts on behalf of some Harlequin investors, just 5% said it was explained to them that, should they fail to pay the 70% balance due on their investment, they would lose their 30% deposit. According to documents seen by IFAonline, Harlequin offered investors a "100% finance scheme". This included paying loan repayments plus interest until completion of the investment property if the investor borrowed the 30% deposit, followed by a 70% loan to value "guaranteed" mortgage. However, only 1% of those who requested finance fro...