General Discussion

UK Owners - Anyone defaulted on mortgage?

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Good afternoon all,

I wondered if anyone in the UK had defaulted on a French mortgage? If so could you let me know what has happened so far.

I have a mortgage with SocGen and like many people find myself with a property in enourmous negative equity. I am currently considering defaulting on the mortgage so that the property is repossed. I am sure the bank would chase for repayment but it is not 100% clear if they would be successful.

Kind regards, Neil.

exit lease with no compensation paid

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General Discussion

Hello,

does anyone on this forum know of any owner or any resort where operator handed keys back to owners with no compensation (eviction-indemnity) paid?

I'm not looking for feedback from the many of you who have had to pay compensation or operators that went onto liquidation.

Just wondering if there are cases where resort was relatively stable re rents being paid and lease had a zero-indemity clause and if owners exited with no issues?

Is that just a fairytale or has it ever been a reality for even a small number of owners?

property sold

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General Discussion

Selling apartment in Vanves Porte De Chatillon

Replacement Acte de Vente Hypotheque

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General Discussion

Hi, we are considering selling our leaseback in Beaune in Burgundy so trying to put the paperwork together.

We do not have the Acte de Vente Hypotheque but have been told that for something like just €12 we can get a replacement but not sure about who we approach

Any ideas?

Thanks in anticipation

CHARGES FOR BUILDING REPAIR

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General Discussion

I own a unit in a Leaseback Residence de Tourism which is now being taken over by the present Operator who did it by buying

a majority of the units at a very cheap price. This was the result of coercion and intimidation following efforts to lower the rents

without our approval and imposing various charges. Most owners had no alternative (to avoid a long and costly litigation) but to sell

to them at about 30% of the original price. Now, they want to charge us an exhorbitant amount for the for the repairs of the building.

Property in Nice

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General Discussion

HI, sorry for bothering people on this. We have a property in Nice Acropolis which listed as Aparthotel Adagio Nice Acropolis. Our Management company is Pierre et Vacances. I cannot locate this property on the drop down menu for residences under P&V. I wonder if anyone else here also has a property here. Thank you. Susan.

Usage of Leaseback Property

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General Discussion

Does anyone know if the holiday operator of your leaseback property is allowed use your property for long term letting say for 3 or 6 months during the off season ? Is this breaking any of the Residence de Tourisme rules that might impact on your VAT refund? Thanks