Investors in United Land Holdings - the "landbanking" company whose stand at the Ideal Home Exhibition 2006 was shut down by the Department of Trade - have learned they have no legal title to land they thought they had bought.

In all, investors paid in £5m - around £10,000 to £15,000 for each small plot of agricultural land they purchased, convinced by ULH that it could get planning permission for housing, so multiplying their money many times. Now they have nothing, not even a narrow strip of farmland.

(Via Guardian Money. To read the full story, click here)


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