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Holiday home families lose cash Holiday home families lose cash
(20 minutes later)
Twelve families from Northern Ireland have lost tens of thousands of pounds in a property deal that has gone wrong.Twelve families from Northern Ireland have lost tens of thousands of pounds in a property deal that has gone wrong.
They had each invested £50,000 in apartments in the Calabria area of Italy but they have never been built.They had each invested £50,000 in apartments in the Calabria area of Italy but they have never been built.
The families are now fighting to get their money back in a joint legal action.The families are now fighting to get their money back in a joint legal action.
They had each signed an insurance document to protect them from any losses but it has turned out to be worthless.They had each signed an insurance document to protect them from any losses but it has turned out to be worthless.
A solicitor representing the families said they had all gone about the purchase properly and had carried out all the safety checks.A solicitor representing the families said they had all gone about the purchase properly and had carried out all the safety checks.
Sharon Moore, from east Belfast, who was diagnosed with cancer four years ago, said she used money from a critical illness policy to put towards the sale of a holiday home in Italy for her family.Sharon Moore, from east Belfast, who was diagnosed with cancer four years ago, said she used money from a critical illness policy to put towards the sale of a holiday home in Italy for her family.
However, the apartment was never built and they have lost the money.However, the apartment was never built and they have lost the money.
Sharon Moore's family invested £50,000 in the apartments The apartments were to be built in the Calabria area of Italy
"This money didn't come easy to us," she said."This money didn't come easy to us," she said.
"We didn't have that sort of money lying around. We just thought it was something for our family's future after the hard struggle we had come through."We didn't have that sort of money lying around. We just thought it was something for our family's future after the hard struggle we had come through.
"The bottom fell out of our world and we are still paying this money back in a mortgage.""The bottom fell out of our world and we are still paying this money back in a mortgage."
The families' solicitor, Simon Chambers, said they felt badly let down by the English-based lawyer who did the conveyancing work.The families' solicitor, Simon Chambers, said they felt badly let down by the English-based lawyer who did the conveyancing work.
"These are normal people who, to a large extent, have put their life savings into this," he said."These are normal people who, to a large extent, have put their life savings into this," he said.
"They simply wanted either a holiday home or a small investment.""They simply wanted either a holiday home or a small investment."
Mr Chambers said the families hoped to start their legal action in the autumn.Mr Chambers said the families hoped to start their legal action in the autumn.