UK Soldier commit suicide over £13k debt used for property investor training

A soldier killed himself after paying £13,000 for training with a property company that promises to help people become “financially free”.

The family of army reservist Danny Butcher, 37, said he never made the money he thought he would.

Dozens of people want refunds from Property Investors, which has been described as operating like a “cult”.

The company, run by former illusionist Samuel Leeds, said: “People should only purchase courses they can afford.”

Mr Butcher, from Doncaster, had spoken about his mental health in the past and his family said he had existing debt before he took on loans and credit card debt to pay Property Investors.

His family said he had been led to believe he would make enough money from property deals and rental income to replace a wage or salary.

Mr Butcher’s widow Charlotte, 32, said: “I think that he felt that he’d let everyone down, that he’d messed everything up and that there was no way out of it.

Danny and Claire on their wedding day
Mr Butcher took his own life just 11 weeks after his wedding

“All he wanted was his own chance at making something of himself for me and his son, he saw this as his opportunity.

“Obviously taking out all of the loans, he put himself on the line, but it was a bit like ‘yeah it’s scary but without risk there’s no reward’.

“He genuinely thought this was his chance because of how easy they made it all sound.”

Property Investors puts on free two-day crash courses, offering people the option to sign up to a training academy where they will learn how to become “financially free” by investing in property.

The company described Mr Leeds as having “found his own success” after attending training courses, with his wealth coming “primarily from his property investment activity”.

Mr Leeds posts videos on YouTube nearly every day promoting his methods. In one he joked that he would punch people in the throat unless they subscribed to his YouTube channel.

In one clip he promises to work one-on-one with his customers, to provide “a custom, tailored, bespoke plan” and “hold your hand, make it happen”.

Mr Butcher attended a free course in March with his brother-in-law Glyn Jones.

Mr Jones said: “It felt like brainwashing, like a religious cult kind of thing but done on a much smaller scale.

“What he’s offering never appears, I don’t see how it can.”

According to his wife, Mr Butcher’s “gut instinct” told him not to sign up for the academy and he held out for two days before changing his mind, swayed by the promise of exclusive mentorship and one-to-one training.

Mr Butcher’s family said he did not get the support he had been promised.

The company said academy members had access to weekly video calls and monthly webinars with specialist property coaches.

After failing to make any money, Danny Butcher took his own life in October.

Source: BBC News

Pls Comment, like and share

Thinking of buying a property?

Need help with residential and commercial property purchase/finance in the UK from start to finish, Please Contact me

Selling or renting your property in Greater Manchester? Get same day EPC for £45 only

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy –

UK Mortgage Prisoner Action Group launches legal action over ‘unfair’ rates

Mortgage borrowers “unfairly trapped” on high interest rates when their lenders were nationalised are launching legal action against the companies they say are responsible.

Some 150,000 homeowners are said to have been overcharged for years, unable to switch to a cheaper deal after their mortgages were transferred.

See the source image

One man who says he paid an extra £32,000 said it was a “disgrace”.

The Treasury said it was working to “remove barriers” to cheaper deals.

Many of those affected – usually having taken out mortgages in the late 2000s with Northern Rock or Bradford & Bingley – have been paying more than 5% interest on their mortgages for the past 12 years.

In some cases, this amounts to more than double the cost of the best rates available on the market.

The group legal action is being taken against numerous companies.

Damon Parker, from law firm Harcus Parker, which is bringing the legal action on behalf of the UK Mortgage Prisoner Action Group, told the Victoria Derbyshire programme mortgage companies had a “duty” to offer customers a “fair rate”.

“And we say that our clients have been unfairly treated because they’re paying too much… at a time when every other mortgage customer is paying unprecedented low rates.”

See the source image

“It’s not fair to charge people just because they’re collateral damage caught up in a nationalisation.

“Some people have got into terrible financial situations. Some people have been repossessed.”

In March, the Financial Conduct Authority proposed loosening its affordability checks for those affected, saying it would “make it easier for customers to get a more affordable mortgage”.

But banks and building societies would still need to agree to take on these customers.

The Treasury said in a statement it had “worked with the Financial Conduct Authority to introduce new rules that remove barriers preventing some customers from accessing cheaper deals and continue to work on this matter”.

The group legal action, brought by the UK Mortgage Prisoner Action Group, is now looking to claim repayment of the extra interest.

Source: BBC News

Pls Comment, like and share

Thinking of buying a property?

Need help with property purchase in the UK from start to finish, Please Contact me

Selling or renting your property in Greater Manchester? Get same day EPC for £45 only

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy –

UK household debts excluding mortgage rose to £119bn

Debts excluding mortgages are on the rise in the UK, according to the Office for National Statistics.

Debts including credit card debt and personal loans rose 11% to £119bn in the two years to March 2018, according to the ONS study, which is published every two years.

Average household financial debt rose 9% to £9,400.

Debt graphic

Much of the increase is a result of higher student loan and hire purchase debt.

“The figures are skewed slightly by the £32bn of student debts – which the vast majority of graduates will never pay back in full,” said Sarah Coles, personal finance analyst at stockbroker Hargreaves Lansdown.

“However, even excluding that we’re carrying £87bn in loans, credit cards, hire purchase agreements, overdrafts and arrears.”

Source: BBC News

UK Finance survey shows UK mortgage approvals hit 6 month low

The number of new mortgages approved by British banks hit a six-month low in September, according to a survey that adds to signs the housing market is slowing again ahead of the October Brexit deadline.


Industry body UK Finance said banks approved 42,310 loans for home purchase in September, compared with 42,527 in August, according to seasonally-adjusted data. However, the number of approvals for remortgaging rose to the highest level since November 2017 at 32,649.

UK Finance said annual growth in consumer credit rose to a 19-month high of 4.5%, driven by personal loans and overdrafts rather than credit card lending.

Source: Reuters

How to prepare for buying a property in the UK

Buying a property in the UK is a huge investment and most times a life time investment and as such must be approached carefully and with the utmost preparation. Below are key points that can help you prepare for buying a property in the UK;

PIPA property photo

  • Build up your savings by reviewing your expenditures downward to increase your disposable income.  If you’ve got loans or credit cards it makes sense to repay them first. This is because the interest you pay to borrow is usually higher than the interest you get on savings accounts.
  • Save for your deposit. Buying a property requires deposit and the more deposit you have the better change of getting a good mortgage deal.
  • Check your credit score and report to make sure its good enough for a mortgage loan. If not you should work towards improving it.


  • Plan your budget based on the most you may have to pay for a mortgage, try not to take the maximum mortgage on offer, and don’t forget to include mortgage related costs and fees.
  • Work out how long you could live on savings if you lost your job.
  • Check what benefits your employer will provide if you get ill.
  • Consider taking out insurance in case you are made redundant, get critically ill or have an accident.
  • Use mortgage calculator to work out how much a change in interest rates would affect your own loan.

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy –

How to Buy a House in the UK

There are different processes that must be followed to successfully buy a house in the UK. Below are the major steps that are required to buy a property in the UK;


  1. Do your Research: Start researching the type of property in your choice location within your budget. Your local estate agent and online property portal such as Rightmove or Zoopla is a good starting point.
  2. Stick to your Budget:  Look at your finance and budget efficiently including all the expenses involved in buying a property. In the UK apart from the cost of the property you will need to budget for the lenders fee, mortgage broker fee, Conveyance solicitor fee, Stamp duty, Surveyor fee, refurbishment, decoration etc.
  3. Mortgage: If you don’t have the cash to buy your house, you will need a mortgage to finance the purchase. Looking for the best mortgage is very important as this can save or cost you a lot of money in the short or long term. The answer is simple; get an independent mortgage broker that can search the whole of the mortgage market and advice you on the best mortgage type and deals available for you.
  4. Solicitor: A conveyance solicitor is required to do the legal and administrative work required to process and complete the house purchase.
  5. Make an Offer: This is not easy as it sounds because if not done properly it might delay or cost you more than necessary. Again you will need to do your research on the price the house is worth in its present condition compare to similar houses in the area and decide on how much you are willing to pay. Negotiation skills are very important here to put in a good offer and you might need the help of a property professional.
  6. Survey: The lender normally carries out a basic valuation and its left or optional for the buyer to carry out a building survey to look at the condition of the house before buying.
  7. Exchange and Completion: Contract are exchange. You hand over deposit which are non-refundable if you pull out of the sale. Once you and your solicitor is satisfied everything is in order the contract can be exchanged. You(buyer) and the seller have to sign the contract and are legally bound to follow through to completion.

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy –