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Demands from FPSL


We have been receiving more complaints from Owners who have been receiving repeated requests for payment made by Fractional Property Solutions Limited.


FPSL is run by Nick Hannah, and while he and his brother (David Hannah) have provided written responses accepting that there is no contractual or legal obligation to pay these fees, they do keep chasing people. The legitimacy of these fees are the subject of a High Court Action in the UK and it is strongly advised that unless and until the Court rules that these fees are being asked legitimately that you do not pay any fees to anyone.


We are aware of counter-claims made by Mr. Hannah, and we understand that these are confusing and worrying. Until the Court concludes, all we can say is DO NOT PAY ANYONE any fees - including TRG.


If anyone contacts you asking for fees to be paid in connection with Fractional Ownership then please take great care. As we have repeatedly stated, TRG and Sua Casa will not ask you for any payments. If anyone pretending to represent TRG asks you for fees please report it to us here.


For more background on the tactics of the people involved, please take a look at: https://westwalesnewsreview.wordpress.com/tag/fractional-ownership-consultancy-ltd/


Everyone at TRG regrets having engaged Nick Hannah and his associates many years ago, but any relationship was severed in late 2018 shortly after this article and is is taking a huge amount of effort, time, cost and energy to eliminate the consequential problems.


We know that you want some positive news that things will start to improve, rather than the repeated concerns, claims and counterclaims. Things are improving for some Owners already. The number of Owners receiving income payments with cash being sent has doubled over the past month. Those who responded wishing to be prioritised in the programme to accelerate income payments are now being prioritised for the next batch. We know it is a long tough road, but as some will now testify, we are getting there. We look forward too adding to the number who are getting returns each month as we go forward.


Thank you again for your continued patience - and please be careful.



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25 Comments


Sorry, I meant Sipp fees

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Hi Paul, just had an email demanding three years sick fees cannot pay it. What do I do?

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Another demand inn for 'fees'. Well as I have no intention in paying due to the fact I invested for a return, I look forward to my day in court to settle this scam once and for all - at their cost of course :-)

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mitchell_graham1
mitchell_graham1
Nov 20, 2023

TRG are trying to get Fractual out, they want total control over ownership of any part of what you own. I can only advise if you can afford to pay Fractual cost please do but not at a financial cost to your life style. TRG were paid fees by TUI pre pandemic and they kept these fees instead of paying us our shares. They used them to keep the hotels running then demanded upfront fees on top, mine was to the tune of £114 per month out of my own pocket, i did not pay, I could not afford to pay...so consiquent was they withheld any income (once started) on top of owed fees since the pandemic after shutting the…

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Replying to

Larissa, I have just received yet another demand for payment - which I'm ignoring but yet still no answer to the main question - "When are we likely to see any returns on our 'investment' (well that's what it was sold as) :-(

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The worst thing about this scam is the fact that this was initially sold to me as a pension fund. This is clearly not a pension fund as I found out when I retired 3 and 1/2 years ago. The con man that sold it to me never informed me that when you actually want to draw your money as a pension, it was down to yourself to sell the god damn share (I was never informed it was only a share either) I was under the impression I actually owned the whole apartment. As it has transpired now, this is clearly impossible to sell of course. To make matters worse, as the scammers were based in my home town…

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