English
FrançaisHi,
I have an offer to sell my leashback. I have acceted an offer well be it's original value. Painful has it is I want to wash my hands of this place and move on. So my question is I bought this is 2008 and was told the VAT repayment was not an issue because some law had changed etc etc. Now seeing the sales people at P&V kept quite about a lot of other stuff, I am now wondering am I OK to sell up and walk away with the new owner taking over the lease. After reading some other posts on this forum it is quite easy to get worried with anything to do with leasebacks.
Thanks
The law has changed regarding paying back the VAT (in 2014 I think), so you no longer have to do it. It is standard practice for you to sell with the lease and the new owner takes over the lease.
Seamus
StortfordHal,
May I ask how much of a loss? Am interested in offloading too and though I know it will be at a loss, willing to cut my losses too. Did you use any agency to sell?
/Martymatters
Thanks Seamus.
My loss is about 55% of the value I paid and the deposit.
The whole thing has been a disaster and I feel I was lied to right from the start by P&V about tax, refirbishment and rent increases.
I totally agree we were all misold these properties - farudulent might be a better word. Can I ask what development you are in? We are all in the same boat and the banks I believe have stopped giving mortgages on leasebacks as they are now looked on as toxic!