Landlord Action’s founder and director, Paul Shamplina, will be appearing tomorrow on Sky News and 5 News tomorrow evening (28/Apr) at 17.00 (and just after then on Sky News).
Paul will be commenting on the ongoing cases of Ajay Ahuja – the property sorcerer whose company, the Ahuja Group, has many property investors pursuing them for thousands of pounds relating to upfront fees paid for below market value property deals.
Sky News Investigation: Sky News conducted an undercover investigation, where they posed as property investors. They visited Mr Ahuja’s residence and have undercover film clips of him making various claims. Many disgruntled investors will also appear on the piece talking about their own experiences with Mr Ahuja.
The investigation highlights the issues that investors have when purchasing below market value property from property sourcing agents. At Landlord Action, we have always encouraged Landlords to independently conduct thorough due diligence with regards to companies that they buy through.
The Background: Mr Ahuja and his company offer below market value properties on his website where he charges £3,000 per below market value property lead. Paul Shamplina has previously exposed Mr Ahuja in the past (BBC’s Inside Out London programme was).
We have received over fifty enquiries about taking on a case related to Ajay...
Ahuja; we have been instructed on over twenty cases against him and with High Court Sheriffs, we have collected refunds for investors on six occasions.
Out of all of the debt recovery instructions that Landlord Action has taken on against Mr Ahuja, none of the deals involved were completed for a variety of reasons, including: the yields were not as advertised; clients were unable to obtain finance since the property was not as described, or the state of the property was poor, and; the ‘discounts’ were not real.
However, now, Mr Ahuja is now refusing to refund his clients and is also putting in defences at court – slowing down the process.
Have YOU been affected?
This news will be important for any property investor. Do tune in at 17.00.
If you have been negatively affected by Mr Ajay Ahuja or the Ahuja Group, let us know!! Email Yogesh at Landlord Action on firstname.lastname@example.org©LandlordZONE® – legal content applies to England and is not a definitive statement of the law, always seek professional advice. If you have questions on these issues go to the LandlordZONE® Forums