General Discussion

Leasebacks in ski areas

23 Juin 2005
Forums: 
General Discussion

I have recently returned from a frantic drive round a few developments and areas in the Alps. Seamus asked me to post some comments, so hopefully this may be of use to others who are looking around.

One thing is certain, the Alps are beautiful wherever you go. I started in Pralongnan la Vanoise, a lovely unspoiled village, great for climbers and walkers. Sadly for me the skiing was limited, although it is a short drive from Courcheval, if you fancy that every day.

Might be a daft question, but....

8 Juin 2005
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General Discussion

Hi everyone. Great idea, this forum. I'm in the process of buying my first French leaseback. I'm treating it as an adventure because it's been a patience tester. Still, I'm hoping that I'll have all the issues sorted out before I get my next one.

My daft question is, does anyone know of a mortgage provider in France who will lend against property in the UK? Obviously, the interest rate is the magnet.

 

Regulator

23 Mai 2005
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General Discussion

Who regulates the vendors of these leaseback schemes? How can I be sure that my deposit will be safe while I wait for the contracts to be issued? If I have a complaint about the agent, who do I complain to in the future to ensure performance of the contract?

You mentioned, Seamas a company called Imoinvest. How did you hear of them and how have you found them to deal with?

 

Pinede

20 Mai 2005
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General Discussion

We visited Pinede at Cap Negre. The setting is nothing short of sensational. It is on the east of the cap among the trees and looking down on the beach, to which you have direct access. The downside, as with every good location, is that it is very, very expensive per sq metre. But, if it's a knockout setting you're looking for......

Word of warning - make your arrangments with Seamus before you go as there are some seriously pushy sales people there who try to get you to sign up there and then.

lease agreement

6 Mai 2005
Forums: 
General Discussion

I am buying a leaseback apartment through another agent with whom I'm having difficulty getting answers to all my questions. This may be because they are French and there is a bit of a language problem. So I hope you don't mind me asking a general one here. I have a translation of the lease agreement which all seems very complex. There are different clauses in it which for example state that I can do such and such if the managment company does such and such. Sorry for being so vague. But I was just wondering how legally binding this is.

Jill

French Banks' Lending Criteria

23 Mars 2005
Forums: 
General Discussion

I read somewhere that French lending institutions will not take the future earnings from rented property into account when calculating how much they are willing to lend to prospective buyers. Has anyone had practical experience of running into this problem ?

Surely they are being too cautious, especially as rental income is guaranteed under the leaseback scheme.

If it is true, I will need to raise the purchase price through other means (within reason of course - I won't get carried away)

Will keep forum posted about how I get on

Corsica Leaseback

13 Mars 2005
Forums: 
General Discussion

Hello. new member here.

Just found this site while browsing for info.

I have been interested in the leaseback concept of a while now and have finally found the right property. The only trouble is that it is in Corsica. Aparently a 'leaseback' in Corsica isn't the same as one on the mainland. The main difference is that you can't claim back the VAT. The good news is that VAT is only 8% so it still looks a good deal.

I was wondering if anyone else had any info about Corsican Leaseback developments that I should be aware of.

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