A couple have lost their life savings after investing in a holiday lodge. During the pandemic, the pair made the decision to invest in a lodge.
However, after almost four years of the lodge making money, the management company went into liquidation and the monthly payments of £1,000 stopped.
The couple said: "The stress is unimaginable, we felt like we had made a shrewd investment but to have it taken away is soul-destroying."
In 2020 the pair sold their house and decided to downsize to save money. They were living on savings and he decided to retrain as an engineer remotely whilst between jobs.
He said: "We considered how best to make an investment with the money from our house sale to pay the bills until I could get a job once qualified."
They saw an advert for the holiday lodge and