Financial Services Compensation Scheme (“FSCS”) Claims for Instant Access Properties IAP and FUEL Victims who used Mortgage Funds, Pension Funds or Who Paid Deposits in Spain:
Urban Thier & Federer, P.A. (“UTFPA”) has represented and continues to represent over 1,000 UK based Instant Access Properties Ltd (“IAP”)/Inside Track investment victims.
UTFPA has filed hundreds of lawsuits on behalf of those clients, winning or settling every case, and has recovered over 10 million dollars of deposit funds for them.
In its continual efforts to seek additional avenues for further recovery for all IAP victims, UTFPA has performed extensive due diligence and vetting and is now pleased to announce the following proven opportunities for further recovery / compensation open to all IAP victims who qualify for one or more of the following options:
Important Information for UK, US, Portugal and Spain Investors
1. TOOK A MORTGAGE TO FINANCE OFF-PLAN PURCHASE:
If you secured mortgage financing after October 31, 2004, through Fuel or another UK company or broker, as a source of funds to pay the deposit or purchase price for your IAP introduced UK, US (i.e. Florida investors), Spain, Portugal or other off-plan/preconstruction purchase, then you may be eligible to be compensated up to GBP 50,000 per purchaser via a Financial Services Compensation Scheme (“FSCS”) claim.
This compensation is for any amounts that you paid less any amounts you have recovered. Accordingly, if eligible, you can recover any unrecovered portion of your deposits paid and/or losses incurred. Given the amount of time that has passed, it is somewhat urgent to take prompt action.
UTFPA is working together with the leading UK claims company on a no win no fee basis. (The UK claims company charges 25% plus VAT of any recovery regardless of whether you go through UTFPA or not and there are no other fees or costs whatsoever.)
We have confirmed with other UTFPA clients that the UK claims company has successfully navigated the FSCS bureaucracy and recovered funds for virtually all eligible claimants. Our research also shows that this is by far the top UK claims company and that it works directly with the legal team that challenged the denial of earlier FSCS claims, with the goal of maximizing the chances of each claim’s success, and continues to work with that legal team to work to further expand the pool of IAP victims eligible for FSCS compensation.
2. USED PENSION OR OTHER RETIREMENT FUNDS TO FINANCE OFF-PLAN PURCHASE:
If you were advised to use your UK pension or other retirement funds as a source of funds to pay the deposit for your UK, US, Spain, Portugal or other off-plan/preconstruction purchase, then you may be eligible to be compensated up to GBP 50,000 per purchaser via a FSCS claim. UTFPA can work with you under the same terms as described above under option 1.
3. SPAIN – PAID A DEPOSIT TO A SPANISH BANK TO PURCHASE IN SPAIN:
If you paid a deposit to any bank in Spain for an off-plan/preconstruction purchase, then under the applicable Spanish law, the bank is liable to pay you back those funds if the developer becomes insolvent.
If you made such a payment/deposit, we can assist you on a 35% plus VAT no win no fee basis via the UK claims company and a Spanish law firm that has recovered funds for virtually all eligible claimants. (The fee is 35% of any recovery regardless of whether you go through UTFPA or directly to the UK claims company and/or the Spanish attorneys.)
UTFPA has confirmed that the above opportunities, when handled by the right team, are very strong and have all resulted in actual confirmed recoveries by many UTFPA clients and other IAP victims. As an attorney, and as a United Kingdom Solicitors Regulation Authority (SRA) registered foreign lawyer, it is my sincere opinion that, if you qualify under any of the above Options, you should take full advantage of this opportunity and promptly contact us by submitting a “Contact Us” form or by calling our UK telephone number (+44) 020 3744 0564.
Note – in order to ensure the best chances of recovery, we strongly recommend that you not attempt to initiate your claim for compensation on your own because an improperly submitted claim may not only result in no recovery but also compromise the ability to timely resubmit your claim.
A rejected FSCS claim may require an appeal process or court proceeding to contest. It is also critical that you utilize the right team to work with in screening for eligibility, putting your claim and evidence together, and then submitting your claim.
To Start the Screening and Claims Process
– Each IAP or FUEL victim who wishes to participate should promptly contact UTFPA and we will work with you and the UK claims company to screen you for eligibility and, if eligible, to initiate your FSCS (options 1. and 2. above) and/or Spain (option 3. above) claim.
– The matter will be handled on a strict 25% plus VAT No Win No Fee basis for options 1. and 2. above and there are absolutely no costs on your part. (All costs, fees to other parties, etc. are taken out of the 25% fee and, if there is no recovery, you pay nothing.)
– The matter will be handled on a 35% plus VAT No Win No Fee basis for option 3. above and the only costs on your part are limited to a 150-300 Euro Power of Attorney Notary Fee (to appoint the Spanish attorney) and a 500 Euro Spanish Court case filing fee (to file your lawsuit against the bank) which you can pay directly to the notary or court if you wish. (All other costs, fees to other parties, etc. are taken out of the 35% fee and, if there is no recovery, you pay no fees or other costs.) These two costs will only be payable if the UK claims company determines that your case is strong enough and are payable when your lawsuit is ready to be filed.
My strong professional recommendation is to take this opportunity.
Here is my analysis:
I believe that this offer represents the potential for further recovery with minimal downside risk.
Given the number of years that have passed, time bars are approaching and it is critical that you take prompt action.
UTFPA has reviewed many different avenues for further recovery (including initiation of Instant Access Properties director lawsuits) and we believe that the above options 1., 2., and 3. present solid and proven opportunities for further recovery to those who qualify.
PLEASE LET US KNOW AS SOON AS POSSIBLE whether you wish to pursue any of these opportunities. For those of you who do, we will immediately connect you with the UK claims company team and assist you in moving your claim forward. Your agreement will be with the UK claims company and it will further review all documentation to determine your eligibility for participation.
Please include your email address and your full name in the subject line of your communications with UTFPA. Please feel free to share this information with others who may be eligible for recovery. We encourage you to become informed of your rights and options. You should also ensure that any law firm or claims company you consult or retain to represent you has the experience, resources and ability to take your case through trial and appellate courts, if necessary.
by John L. Urban shareholder
United Kingdom Solicitors Regulation Authority (SRA) registered foreign lawyer