General Discussion

Defaulting on a French mortgage

22 Novembre 2012
Forums: 
General Discussion

Does anybody know what happens if you can no longer pay any

interest or capital back to the French bank who lent you

the money to buy a French property? Especially if they

repossess and are unable to sell the property because it's

a leaseback with an uncertain future. My husband has such a

mortgage, but we've both been made redundant. Our main fear

is that the French bank might be able to re-possess our UK

home, although it is in my name only. Can anybody advise

please?

Portrait de Tuulia

Group Action (MEP letter)

16 Novembre 2012
Forums: 
General Discussion

Hi all,

Diana Bryce has organised for a letter to be sent (today or early next week latest...the impact will be far greater if everybody sends this at the same time!) to your MP, local MP and MEP with regards to the serious problems being had with leasebacks.

You can see the original thread in the 'Leaseback Stories' section of the forum and under the topic heading of 'Group Action'. You can contact Diana for a copy of the letter/email with information.

Database of owners

16 Octobre 2012
Forums: 
General Discussion

Thanks to all of you who have sent me their details by PM

What would you all like me to do with this info? I suggest that I split the

info into the various residences and email the info to the owners at

each location. Is everyone happy with this?

I can also keep a master database that we can use to circulate general

info eg the MEP letter once that is ready to go forward.

Let me have your commentsJustme

MEP LETTER

12 Octobre 2012
Forums: 
General Discussion

Hi, see below of draft letter that can be sent to mep's. Please DO NOT SEND yet as trying to get as many people to send at sametime for maximum benefit. We need hundreds at least for meps to take any notice.

Will advise when to send out and who to - 2 mep's dealing with relevant issues, your own local mep and your local mp

please email me on dianabryce@hotmail.co.uk if you wish to be included in the mail out

YOUR ADDRESS
Telephone number

Date of sending the letter (eg. 23rd April 2012)

action by banks

26 Juillet 2012
Forums: 
General Discussion

Hi,
Has any one ever spoken to a lawyer about the banks taking action against the management companies rather than us?

The banks were fully aware of the structure and granted the loans based on the rental income, far more than on the ability to repay.

I just wondered if it is viable to set up a thread to log which banks have given out the mortgages and then target the banks to deal with the management companies.

Breaking Lease and VAT

9 Juillet 2012
Forums: 
General Discussion

It looks like our management company is going to offer us a chance to get out of the lease early as they cannot pay our rent. We are very keen to do this so we can hopefully generate and control our own income. Our major concern is paying back the VAT if we do this but we have read with interest that we may not have to do this if we continue to rent via a local management company. We would love some advice if anyone has done this successfully, accountants, lawyers used etc. Also if anyone can recommend someone who can help set up our webpage to advertise our apartment, that would be great.

VAT on personal use

1 Juillet 2012
Forums: 
General Discussion

Hi all

we had problems last year and lost some of our rental payment. We have been

offered extra usage to the end of our lease as compensation. Are we liable for

VAT payments on this? The usage is instead of rental payment so I am guessing

we are.

Also can someone clarify - if we have a mortgage and other costs, does this then

get offset against our VAT payment?

thanks!
 

Morttgage Payment Issues

20 Juin 2012
Forums: 
General Discussion

Hi All,

I bought an off plan leaseback in Normandy in 2010. Unforunately the builder has gone bust and the leasback company with it. This after having drawn down 80% of my mortgage but completing none of the building works. So I have been left with a mortgage effectively on a plot of land with no sight of any rental income. I am seriously considering not paying the mortgage but am worried as do have property assts in the Uk. Has anyone else simply stopped paying the mortgage and have they been legally chased?

 

Thanks

Paul

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