Blackmore bonds

[FizzyBanger]

Has anyone had any dealings with Blackmore? They are paying a very good fixed rate of interest over 4- or 5-year terms but have their own insurance covering deposits of up to £75k rather than being registered with the FSCS. TIA for any info/knowledge/advice.

If it seems too good to be true........

I too am looking at investing and was looking at Blackmore Bonds. I think it's only just been set up this year and therefore looking for investors hence the good interest rate. I have been trying to find out more about them but there is little or no info as I think they have only recently set this up. Think I'll wait.

The fact you can find little or no info should be waving big red flags at you!

Is it being recommended on Money saving expert or the broadsheet papers.

Even that isn't a guarantee but if it's only online I'd steer clear.

Hi as one of you was saying they have only just started so if I was you hold off and see how they perform in the next 2 to 3 years !! I to have tried looking them up and found very little info about them and hardly anything on the net so please stay clear of them for now I would hate to see any of you losing your hard earned money

Its a property scheme. If prices go up, then you will be funding the owners who will get a much better return. If property goes down, you will lose the interest (not sure how valuable the insurance really is).
If you think property is the right place to invest then do so directly.

So I've just been looking into the directors - they had a company together previously which they dissolved before setting up Blackmore Bonds. Their company secretary is a PA. The directors are all very young with very little actual work experience. I wouldn't touch them with a bargepole! Just thought I should share.

it is a scam - do not touch it. One of the directors was involved with a pension company which is now dissolved. The contact address in Brighton is in a building let to the international company Rugar which lets space to anyone . The service address should you need to serve papers on them is in Manchester is owned by a company which produced films of an adult nature. 43 other companies used the address as well. You are best leaving this company alone.

Yes, too good to be true. But I have no doubt so many vulnerable, gullible and greedy ones are going to fall for these bonds and will loose considerable sums of their savings. I believe it is up the relevant authorities of financial services ombudsmen etc to look into these scams and warn people through national and local media.

Just do a bit of background into the company and it’s directors and you will see its a legal scam. They say your cash is safe and the interest is guaranteed then they say your capital may be at risk. I guarantee if you touch this rubbish, your fingers will be burnt and you will lose your money. When are the FCA going to close down these scams?

Read what has happened to LCF and your question will be answered.