General Discussion

How do I get insurance for my leaseback property?

4 Avril 2023
Forums: 
General Discussion

Hello fellow leaseback owners,

I was told by my bank recently that I need to have insurance for my leaseback. This was news to me as I've owned it nearly 10 years but I now want to get this sorted out. Other than asking my bank for a quote which I don't expect to be competitive how do I get this insurance as a non-French speaker? I googled and can't find any companies that I am sure are legit that offer the quote system in English. Axa was recommended in one post but they only have the online system or you can call but my basic French won't get me through that conversation.

DGCCRF Report

6 Janvier 2023
Forums: 
General Discussion

Hi there,

The CCPC in Ireland advised that the DGCCRF Investigation is now complete and will be sent to the Public Prosecutor. The details are in the link below :-

www.ccpc.ie/consumers/flb/ 

Following an in-depth investigation relating to three resorts/residencies in which Irish & UK investors had purchased French leaseback properties, the DGCCRF national investigation service has submitted reports to the public prosecutors of three ‘Tribunaux judiciaires’ (courts of first instance) in the South of France.

Recommendations for Selling Agent and French Solicitor to sell property

2 Mai 2022
Forums: 
General Discussion

Regarding selling:  I am in the process of offering my leaseback for sale and, due to the situation we've all found ourselves in vis-a-vis being duped as to what

exactly, we were buying into in the first place, I am hesitant to sign anything without the assistance of the advice of a qualified legal representative.  I also want to ensure the 

selling agent is acting in my best interest and not that of someone else (the tenant, or original developer for example).  To that end, can anyone advise me of a Sales Agent

Termination of lease by management company

21 Mars 2022
Forums: 
General Discussion

<p>Our management company DG Holidays terminated our lease on 26 January 2022, along with the majority of the apartments on the resort - A settlement was agreed with DG that we would be paid 50% of rent owed since 2018 with the remaining 50% paid in 24 monthly installments. Other owners I believe have received settlement of the first 50% but none of these monies has been forth coming as of todays date to ourselves personally.

Remortgage

7 Mars 2022
Forums: 
General Discussion

Hi, have a interest only mortgage which is due to expire in 2023 which will require refinancing. My current lender is CIF which is no longer issuing loans based on information I previously obtained from them (albeit it was 4 years when I last raised this with them). Has anyone any recent experience of refinancing their French mortgage or know of a good starting point to do so.?
Thanks in advance 

Capital gain calculation

21 Janvier 2022
Forums: 
General Discussion

Hi all,

Perhaps a stupid question, does any one know how to captial gain is calcualted for French leaseback properties? 

To be specific, is it just as simple as sales price - purchase price,  or is it sales preace - (purchase price - depreciation). Of course i know there are fees to add to sales price and purchase prices, but my point is more on the depreication which over 10 -20 years is very significant, which will increase the captial gain (and hence tax) quite a bit.  

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