In 2021, I purchased a studio flat off-plan from Kingsway Limited. After around a year with no meaningful updates, I was informed by their solicitors that the project had not been approved by the council. Buyers were then told the development would be changed from studios to one-bedroom flats and that we would need to pay an additional £30,000–£40,000 to increase our deposit to 25%. Alternatively, we were offered a refund within five months.
I chose the refund option, but I have never received my money back.
Since then, it appears that all companies connected to this developer are going into administration, leaving investors like myself at a complete loss.
Very disappointing experience — lack of transparency, broken promises, and no accountability. I would strongly advise others to proceed with extreme caution.
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