Prosperity-wealth Reviews

Prosperity were recommended to me to an introducer and it was suggested that the best deal would be to buy a two bedroom apartment for 70 000 on the 50 50 deal 50 would be paid over a two year period through instalments with the remainder paid off through guaranteed rental income over 5 years This sounded great but being cautious I emailed the company to get confirmation that all was true in their glossy brochure Having set up a standing order besides checking the website for updates to make sure the property was being renovated I didn t think too much about it apart from when I received the occasional email from the solicitors Three months before my last three payments were due to go out I received an email for the full outstanding balance with wording from Prosperity that if I did not meet the payments before the completion date then I may lose all the deposit I had paid The wording was disgraceful and is no way to treat customers I decided to pay off the balance as I assumed that the 5 year guaranteed rental period would begin and the property would be paid off quicker At this point there had been zero correspondence from Prosperity relating to the change in the agreement and the withdrawal of the third party company that were providing the guaranteed rental income It took numerous emails over a period of 4 or 5 weeks to get some clarity on the situation I was of course devastated by this but I remained patient as I was promised that my apartment would be rented out soon It s now been 8 months since completion and my apartment still does not have a tenant in place On top of what I have already paid I am paying 200 a month in council tax service charges and ground rent What looked like a great investment has turned into a disaster On top of this the property is not worth the 70 000 I paid for it

I feel cheated and destroyed by Prosperity I have invested into 5 properties with Prosperity this was my retirement plan and something to leave my 4 kids and my ex-wife after I am gone This was sold to me as very safe plan whereby 50 is paid over 2 years and the remaining 50 is collected from guaranteed rent over 5 years After which rent generated will be mine and this was I planned to live off as I have no other source of income and I am almost 60 years old Prosperity did not owner their commitment at all and started changing the plan after receiving 90 of the initial 50 They informed us that the letting agency they were dealing with has left the market and rent is no longer guaranteed and it is not their responsibility They introduced another letting agency that charges for their services while it was supposed to be free offering poor management and making many errors More over the rent generated is so minimal that it will take 10 years instead of five to cover the remaining 50 The tenants are of very low standard and no one knows if they will pay or not I understand that the property is not worth what they claim it is worth and selling is not an option due to the lack of interest of any investor I feel very cheated and destroyed I have lost all my money and have no retirement scheme and I am not sure of how I will survive after the 5 years Prosperity refused to make any consideration to rectify their error and misguidance and misrepresentation

I purchased an apartment off plan through Prosperity completing in late 2018 The instalment payment process worked really well but completion was stressful as it was delayed by many months with little communication and a string of implausible excuses The quality of the build and location were good but more problems emerged when I decided to sell the apartment several months later Local authority searches revealed some issues that required indemnity insurance but I was really surprised that I needed to obtain a Deed of Variation from the new freeholders Prosperity sold the freehold soon after the development was completed This is necessary for any future purchaser to obtain a mortgage - so difficult to sell without it This has significantly delayed the sale and has cost me 1100 This is in addition to the fees of over 400 charged by management companies just to confirm my details I contacted Prosperity about this but have yet to receive a response I haver now received a telephone call to say that Prosperity are investigating This is not a theoretical problem - my buyer has clearly stated that he will not exchange without the Deed of Variation Indeed I have just paid almost 1100 and have been informed by the landlord that this charge is made regardless even if the transaction doesn t go through In view of the long delay this is a strong possibility so I will be left in the worst situation no sale and an additional large bill

I am overseas investor thought UK is the safest investment country But unfortunately the company has sold the property on false promises Moreover nobody replies to your email or phone call I do not know what to do I totally agree with all the clients who posted about the false promises made by Prosperity Also their communication commitment is for just selling the property there is no response from even their founder after several reminders They are not bothered about that client made an investment at least they should respond Parkwood court 65 SrikantThanks for your reply but unfortunately your company persons do not respond to emails or phone call still the rental income details are not appearing on the statement The flat has been let for six months no update on the rent received There is no response from prosperity or lamontestates Do you guys respond only on Trust Pilot My Flat number is PC -65 at least let me know when you will update on the rent received update the account statement Six months too long time that you have not been to collect the rent from Council it was your decision to let it to Council I have also been charged letting fees 250 GBP for the same

Bad Poor Service and misleading PromisesSince I had posted my review I got an apology reply as expected since I am sure Prosperity kind have to trying to save their image However the reply promised that someone will call me to discuss not only no one called or emailed or anything they actually failed to take my call call back or reply to emails Everyone suffers the same set of problems Misleading information of 50-50 with guaranteed rent over 5 years covering the second 50 Late low rent and poor management of rentals Yet Prosperity seems to hide behind the claim that LetME pulled out of the market and their offer of guaranteed rent was correct at the time of advertisement This makes LetMe part of their offer and their responsibility We subscribed on these terms Prosperity do not seem to genuinely care or want to resolve matters they do not seem to care or understand that this investment is everything for some people and this outcome has destroyed dreams and future for some us like myself They seem to be too busy defending their position so they sell more I never expected UK laws or UK ethics can go so low in protecting individuals

Terrible experience with Prosperity having purchased a unit in their Parkwood Court development Lack of communication and full of broken promises Bought the property on the 50 50 plan so 50 of remaining balance was supposed to be paid off by the 10 Guaranteed rent - what has happened to this guarantee now I am left with a property that has not been rented out having to pay double the ground rent than planned council tax because it is not rented and above all this - rip-off service charges from Inspired Property Management Paying double than originally stated by Prosperity I urge other investors to get in touch jayparmer69 yahoo co uk

Do not take out an investment with this company unless you want to lose money and wait years for completion I read all the advertising promises for my apartment in Keighley it sound a sure deal Currently 18months of no let and charges for council tax ground rent etc having to be paid Despite frequent emails nothing is happening the price has dropped and it will take several more years to complete Be very wary

Good developer no doubt as an investor you ll be ok just don t work there treat staff rather poorly Asked for a sabbatical after I d recently lost my partner and now can t get a response regarding the small amount of pay due Poor form for a firm I thought were focused on ethics if I m honest