General Discussion

Burning question on VAT situation

Forums:

I have a general question that I'm hoping someone can answer with authority. It concerns the repayment of the VAT 'saved' when a leaseback property was bought.

My understanding is that you must repay a proportion of this VAT to the French government if, within 20 years of the purchase, you voluntarily break your lease with the management company and take the property out of the tourism circuit - that is, you decide to use or rent out the property as a 'normal' residence or as a privately-managed holiday home.

Thinking of Purchasing

Forums:

General Discussion

Hi

I am thinking of purchasing a french lease back in the South of France from Pierce and Elliot. The deal seems very good with very little money to put in and 3 weeks personal use per annum.

I would like to know if the lease back is good and I also wondered if anyone has dealt with Pierce and Elliot

Regards

Dan

Reg

Interest rate

Forums:

General Discussion

I have a leasback mortgage with Barclays (solutions)at a variable rate which increased last year to 6.67% & is still at this rate despite the ECB rate being reduced 3 or 4 times since. I have emailed them but received no reply. Any advice anyone?

Residence Athena

Forums:

General Discussion

We own an apartment in Les Carroz and are looking for owners, other than those that we are already in contact with. Should we need to take further action in the future, it would be useful to have a unified group. K8

Village du Haut Val

Forums:

General Discussion

Hi,
I've recently been looking into the French leaseback scheme, and in particular the Village du Haut Val development in Normandy. It's a fairly rural setting, with golf, horse-riding etc on site. On the face of it the rental (5.5%) and incentives (6% cashback, legals paid) offered seem incredibly attractive. However, having luckily stumbled upon this website/forum I can see that the statement 'guaranteed rental' needs to taken with a large bucketful of salt.

Hotel Chain Failures

Forums:

General Discussion

The hotel industry....its about survival.
Unpleasant as it is.

http://www.hotelsmag.com/article/CA6643872.html?q=renegotiat ing+leases

Refiance your French Lease Back

Forums:

General Discussion

In the past couple of weeks I have taken a lot of calls from people about how best to finance their EXISTING French property investment.
The main issues that arise are as follows:

1. I bought using cash or with a top-up loan in Ireland/UK and now want to take out a loan in France

2.I have a French loan and would like to: