Reservation deposits lost on flats
This is a Ipswich news story, published by BBC, that relates primarily to Janeane Slinn news.
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apartment developmentBBC
•Business
Business & Economics
Ipswich buyers lose thousands on unfinished JaeVee flats

77% Informative
People paid up to 5,000 as a "reservation deposit" for apartments in Tollesbury House , Ipswich .
Some were told it was expected to be finished in November 2022 .
Janeane Slinn and Catherine Bullough say they feel "lied to" and "angry" after losing thousands .
JaeVee group, the developer, denies any misconduct and says buyers did not comply with contractual deadlines.
The JaeVee -linked group uses private investment to help fund the purchase of sites for development.
It advertises returns to investors of up to 100% when those properties are developed and then sold.
The BBC has spoken to an investor who invested more than 84,000 combined in two projects.
The investor said communication with the group has been sporadic but they are still waiting to see results.
VR Score
78
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74
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75
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English
Language complexity
49
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short-lived
External references
4
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