I would advise buyers to keep well away from Global Investments Incorporated.
Global Investments Incorporated tried to sell the same property to me and my friend, as well as asking both of us to deposit the reservation fee for the same property into their bank account simultaneously. As per Global Investments Incorporated, any reservation fee paid to them is non-refundable. Therefore, if we had gone ahead with the purchase, one of us would have ended up nearly £3000 out-of-pocket, or in the worst case scenario, both of us would!
We were both in contact with John O'Donoghue, and Mike Moodie/Moody (this individual intermittently signs himself off on emails as Mike Moodie and Mike Moody).
As per the (U.K.) Estate Agents Act 1979, “It is illegal to mislead buyers or sellers in any way.”
According to The Property Redress Scheme "It may be considered misleading to ask both buyers for a deposit if it results in them both believing this will secure their reservation of the property. It is certainly not best practice to ask two potential buyers for a reservation payment on the same property."
Also, buyer beware, Global Investments Incorporated are not registered with a government authorised redress scheme. By law, all agents MUST join a government authorised redress scheme, if they are acting as an estate agent dealing in UK properties (which they do).
For more information concerning the The Estate Agents Act 1979:
The Estate Agents Act 1979 regulates your work as an estate agent. Its purpose is to make sure that you act in the best interests of your clients, and that both buyers and sellers are treated honestly, fairly and promptly.
Why this information is important
If you don't comply with the law, you could be banned from working as an estate agent
If you ignore a ban, you could be prosecuted and fined.
It is illegal to mislead buyers or sellers in any way.
Under the Estate Agents Act 1979, you must make sure that everyone is treated equally, fairly and promptly when:
Informing clients about offers
Informing clients about your services to buyers
You must not:
Make misleading statements
Falsely describe a property
Show bias against potential buyers
Falsely describing a property
You must not make a false or misleading statement about a property, or withhold information which would be of material interest to a potential customer. This is an offence under the Consumer Protection from Unfair Trading Regulations 2008.
Estate agency work
The Estate Agents Act 1979 is specific about:
Who is an estate agent
Who cannot be an estate agent
If you are doing estate agency work, the law applies to you whether or not you:
Call yourself an estate agent or describe yourself in some other way
Work for yourself or for someone else.
Who is an estate agent?
By law, you are an estate agent if:
You deal with people who want to buy or sell freehold or leasehold property, throughout the UK: this includes commercial and agricultural property
Global Investments Incorporated Reviews
I would advise buyers to keep well away from Global Investments Incorporated.
Global Investments Incorporated tried to sell the same property to me and my friend, as well as asking both of us to deposit the reservation fee for the same property into their bank account simultaneously. As per Global Investments Incorporated, any reservation fee paid to them is non-refundable. Therefore, if we had gone ahead with the purchase, one of us would have ended up nearly £3000 out-of-pocket, or in the worst case scenario, both of us would!
We were both in contact with John O'Donoghue, and Mike Moodie/Moody (this individual intermittently signs himself off on emails as Mike Moodie and Mike Moody).
As per the (U.K.) Estate Agents Act 1979, “It is illegal to mislead buyers or sellers in any way.”
According to The Property Redress Scheme "It may be considered misleading to ask both buyers for a deposit if it results in them both believing this will secure their reservation of the property. It is certainly not best practice to ask two potential buyers for a reservation payment on the same property."
Also, buyer beware, Global Investments Incorporated are not registered with a government authorised redress scheme. By law, all agents MUST join a government authorised redress scheme, if they are acting as an estate agent dealing in UK properties (which they do).
For more information concerning the The Estate Agents Act 1979:
The Estate Agents Act 1979 regulates your work as an estate agent. Its purpose is to make sure that you act in the best interests of your clients, and that both buyers and sellers are treated honestly, fairly and promptly.
Why this information is important
If you don't comply with the law, you could be banned from working as an estate agent
If you ignore a ban, you could be prosecuted and fined.
It is illegal to mislead buyers or sellers in any way.
Under the Estate Agents Act 1979, you must make sure that everyone is treated equally, fairly and promptly when:
Informing clients about offers
Informing clients about your services to buyers
You must not:
Make misleading statements
Falsely describe a property
Show bias against potential buyers
Falsely describing a property
You must not make a false or misleading statement about a property, or withhold information which would be of material interest to a potential customer. This is an offence under the Consumer Protection from Unfair Trading Regulations 2008.
Estate agency work
The Estate Agents Act 1979 is specific about:
Who is an estate agent
Who cannot be an estate agent
If you are doing estate agency work, the law applies to you whether or not you:
Call yourself an estate agent or describe yourself in some other way
Work for yourself or for someone else.
Who is an estate agent?
By law, you are an estate agent if:
You deal with people who want to buy or sell freehold or leasehold property, throughout the UK: this includes commercial and agricultural property
You do this as part of a business
You act on instructions from a client.