Land Banking Fraud
If you've come here to look at the building plots being sold in the meadow, please consult a solicitor before parting with any money - especially the 10% non-refundable deposit. There is no planning permission, it is not scheduled for development, nor is it likely to be scheduled for development in the near future. The so-called road access is a bridleway and footpath in one direction and a field gate from the other. Both are single-track and there is practically no likelihood that they will ever be anything else.
Ask yourself: If this land is so valuable, why does the owner want to sell it so cheaply and quickly? It would make more sense to hang on to it until it becomes worth the sums claimed.
Notice near Milton KeynesThe credible expectation that Milton Keynes and its borough will continue to grow has provided a convincing back story for land banking scams.
Read more about this topic: Expansion Plans For Milton Keynes
Famous quotes containing the words land, banking and/or fraud:
“Those who till their land will have plenty of food, but those who follow worthless pursuits have no sense.”
—Bible: Hebrew, Proverbs 12:11.
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)
“He saw, he wish’d, and to the prize aspir’d.
Resolv’d to win, he meditates the way,
By force to ravish, or by fraud betray;
For when success a lover’s toil attends,
Few ask, if fraud or force attain’d his ends.”
—Alexander Pope (1688–1744)