⚠️ My Experience With Lawrence Stephens in a Project Where 65+ Buyers Faced £2m+ Unsecured Deposits
This is my personal experience. I used Lawrence Stephens, the solicitor introduced by ALESCO for the Gibson Quay Phase 2 purchase. The contract I was given offered no protection for my deposit, and when the developer went into administration, my funds were classed as unsecured.
I later learned that over 65 buyers in this ALESCO-marketed project face the same situation, with more than £2 million reportedly left unsecured. In my experience, the risks were not clearly explained, and the process did not provide the level of protection I expected.
I strongly advise buyers to seek fully independent legal advice before signing anything.








