I never cease to be amazed at what people will buy, or try to, in this case. This site warns you in no uncertain terms: "You cannot purchase a genuine British title, with one exception, the feudal title of a Scottish baron; and certainly cannot buy a peerage title". The author should know, seeing as he's the seventh earl of Bradford. Browse around for a spendid mixture of upper-class English snobbery (can't have the hoi-polloi calling themselves Lord This and Lady That, can we?) and what ought to be bleedin' obvious advice (but then, most advice against frauds seems blindingly obvious). His lordship does not, sadly, comment on the way in which the Jeffrey Archers of this world give the very strong impression that, in fact, any slimy git can acquire a peerage if they happen to have the right friends and give enough money to the right people.
I can understand why people buy fake degrees, but why, in the twenty-first century, does anyone still want one of these absurd anachronisms?