Teacher heartbroken after winning £2million home and only receiving £5k

dailyrecord.co.uk:

A woman who won a competition for a house worth £2 million alleges she has only been given £5000. Schoolteacher Loretta, 35, was announced as the winner of the prize draw for the plush house in Nottingham's Park Estate in a video on the website of competition organisers Win My Home, reports Nottinghamshire Live.The 55-second clip shows a woman arriving at Loretta's current home in Radford with a bunch of flowers and saying: "You're the winner of our Nottingham prize draw", without clarifying what she had won.Loretta says she was "heartbroken" to be told afterwards that she would not be getting the house and instead would only be receiving £5,000."It was heartbreaking because my property at the moment is a death-trap, that's why I entered it," she said.The terms and conditions listed on the website state that if £2.5m of net sales are not reached then the winner will receive 50 percent of the net proceeds, but Loretta was unaware of this.

The competition organisers claimed they had actually made a loss in the prize draw and only awarded the £5,000 as a "goodwill gesture".

They claimed to have spent nearly £200,000 on "marketing costs" and were unable to process Visa payments "for a long time". Win My Home did not respond when contacted for comment.

The prize draw, which ran between March and August, offered the chance to win a six-bedroom four-storey villa.Packages offered ranged from 15 entries for £10 to 1000 entries for £350, with the option of one free postal entry.The winner announcement video, which shows Loretta's elation at hearing she had won the draw, is accompanied by a statement.It reads: "...she and her husband have been looking to buy their first home together!