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A gasoline more healthy has informed of the ‘unbelievably anxious’ revel in of dropping £150,000 in lifestyles financial savings after making an investment in a vacation park scheme.
Christopher Lightfoot, from Lincoln, signed up with an organization referred to as Liv Lodges – which trades as LL Lincoln LTD – who he mentioned painted a rosy image of a brand new possible source of revenue movement.
Mr Lightfoot, 50, defined the corporate assured a condo go back of 8 according to cent (web) according to annum and an ‘go out plan’ that might see him get his a refund and extra.
After wooing them with a seek advice from to the park, he and his spouse – who requested to not be named – determined to shop for a vacation house for £149,990 in April 2021.
At first the funding lived as much as its promise they usually noticed a per month source of revenue of £1,000 benefit are available in.
But abruptly in 2024 the cash stopped arriving and Mr Lightfoot mentioned he was once fobbed off with excuses about the place it was once.
The 50-year-old was once informed the control of his hotel were transferred to a brand new corporate referred to as 5 Star Park Developments Limited.
Speaking to MailOnline, Mr Lightfoot mentioned: ‘We concept it might be transient and that they had been going via a coarse patch. We had been caught in a scenario of questioning what was once occurring.’
Christopher Lightfoot (pictured), from Lincoln, signed up with an organization referred to as Liv Lodges – which trades as LL Lincoln LTD – who he mentioned painted a rosy image of a brand new possible source of revenue movement
The hotel bought by means of Chris Lightfoot. It was once bought after Mr Lightfoot was once taken via ‘spectacular having a look spreadsheets appearing detailed benefit forecasts’
Inside the hotel: Suddenly in 2024 the cash stopped arriving and Mr Lightfoot mentioned he was once fobbed off with excuses about the place it was once
He was once informed he had to enroll to a a lot more stringent contract, which intended the condo source of revenue was once dwarfed by means of the control prices.
Despite the contract seeming closely weighted in favour of 5 Stars, Mr Lightfoot mentioned he was once confident website charges had been coated beneath the control charge.
He additionally mentioned he was once informed that during a telephone name that if the hire from 5 Stars was once ‘now not sufficient’ LL Lincoln Ltd would pay the adaptation. Faced with the chance of dropping his funding completely, he signed the contract on January 22 2025.
But crisis struck on April 7 2025 when LL Lincoln Ltd was once dissolved ahead of the date the sexy ‘go out plan’ might be activated, which means his contract with 5 Stars was once now everlasting.
Debt began mounting and he these days owes the corporate some £6,600 in floor hire, an quantity which continues to be considered expanding.
In the primary quarter he gained £1,394 of the £8,708 hotel source of revenue which then got here to -£256 following the subtraction of hire and website charges.
He claims he’s now not able to promote the hotel: ‘It cannot be moved from the website, and is an unattractive proposition for any possible purchaser. We have mainly misplaced the entire £150,000. We don’t seem to be getting cash from condo and as a substitute have those ongoing prices.’
Park pub and eating place, The White Horse. With construction trees throughout the renovation – a number of emblem new accommodations had been being put in within the space
Mr Lightfood added: ‘It isn’t an funding anymore – who would purchase a hotel dropping cash?
‘All I do know is the info. They bought us one thing on a assured foundation however ahead of shall we turn on the sellback the corporate has long gone bust.
‘This is a surprisingly anxious scenario we are going via right here – that is our lifestyles financial savings.
‘Since the fee stopped it is affected us unbelievably. We had a plan and that plan has utterly come to an finish.’
Mr Lightfoot defined he had come throughout ‘a number of different teams in the similar scenario’.
He mentioned he’s these days taking prison motion in opposition to the firms with the assistance of the European Consumer Claims (ECC).
Greg Wilson, co-director of the ECC, defined the corporate had gained in far more than 10,000 enquiries on problems associated with vacation park homeowners.
He mentioned: ‘Pretty a lot all of the enquiries have had equivalent problems. These vacation park accommodations appear to have advanced into some type of fast and speedy cash making machines.
‘It’s relatively dreadful how one of the vital higher manufacturers particularly do not believe how a lot injury it might do to people.’
LL Lincoln Ltd and 5 Star Park Developments Limited were contacted for remark.
