English
FrançaisIm very interested in the leaseback scheme but i would like to know if the scheme is as good as it looks.
If i buy a property for £100,000 and i get guaranteed rentals giving me a return of 4.5% for 9 years, am i right in saying that each year i will receive £4500? and the maintence costs are covered?
I am struggling to find out a non bias explination of how the system breaks down.
I am hoping that the scheme will allow me to purchase a property long term with a significant rental income towards the mortgage.
Patterson,
I've not had as many problems as some owners here but I rue the day I ever heard of 'leaseback' and I would strongly advise anyone against investing here.
That old adage rings true my friend.
If it sounds too good to be true....it probably is!
I don't understand this line about the " Rent guarantee is only as good as the management company.The yields that i have seen being negotiated downwards by some management companies are not excessive.This is a legal agreement by both parties,it is outrageous that they can just cast it aside.
Try and see if your mortgage company will let you reduce your interest rate arbitarily.
This is definetley a stain on the French leaseback scheme.The French government set it up,so they should regulate it.
John