1 January 2008 by Jennyski

Forums

I am new to this site and was very glad to find it.

Have been thinking about a leaseback property in the Alps for a few months - we are a family of four who love to ski but our holidays seem to be going up and up in price. We have some buy to lets in the UK bought specifically to enable us to buy in France on retirement (about 10 years). However 10 years seems a long time so we thought - cunning plan- use some equity in out investments and get a leaseback. Found one we fancy in La Toussuire with ideal usage but having browsed this site I am now terrified!How can I find out about the developer and selling agents (UK overseas.com) to find out if they are reputable companies? How can we protect ourselves - we dont want to lose our retirement fund to some cowboy company! Thanks

Comments

Jennyski

2 January 2008

Thanks for the reply. The managing agent concerned is Lagrange Prestige and I have heard that they are one of the bigger companies in France.


Does anyone out there own a leaseback managed by this company and if so how have you found them?

farhangi

2 April 2008

i would greatly appreciate if anyone knows of residhotel management company reputation and track record please?

farhangi

3 April 2008

Seamus

Many thanks for your reply, much appreciated. On the basis of your reassuring response i have today decided to purchase a development and will be sending a %5 reservation fee if the development is still available tomorrow. can any one help me with the following question as i am completely new to the french property market and hence fairly apprehensive.

  • what is the reasonable net guaranteed yield? is 5.25% ok?
  • i have been quoted a mortgage interest of 5.15% at 100% interest only. is this a reasonable rate? if not any recommended mortgage provider?
  • can any one recommend me a good English speaking solicitor please.
  • Apart from my mortgage repayment and life insurance that i have been quoted by my Agent are there any further ongoing costs?
  • if i decide to acquire second property in france in due course, is my rental income on the first purchase accounted for in order to assess my affordability criteria?
  • can i re mortgage my first property in future if there is capital equity gained in the next few years in order to finance the next purchase.
  • am i better off if i seeked leeaseback resale? my worry is there are not many advertised. how easy is it to dispose a leeaseback in the future?
  • finally is this the right time to buy given the credit crunch problems. has this had an effect on the french property market?

kind regards

Ray

sbds

8 April 2008

Jenny,


Myself an a friend used a company in London named (advertising not allowed). They have bent over backwards and gone "Above and beyond" for us several times already. I cannot recommend them enough. Right from the start they took the time to answer all our concerns and questions in person when we travelled to London. Give their website a browse.

mccos39546.6749421296

chrisg59

21 April 2008

Stephanie,


Unable to open the link. What does it say about LVR.



Regards,



Chris

srunner

24 April 2008

The document is called "Avis de Dissolution" and is about LVR.


M Ramos dismissed himself of his position of manager of LVR in February (15th). He is replaced by Mr Baudry who has been nominated as the new manager of LVR, while Mr Ramos is now the director of the company (employed). Mr Ramos still owns shares of LVR.

The headquarter is currently being transferred to <?:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Paris (5 rue Danielle Casano, St Denis) however it is a fake address. LVR is being sold to a company called 57 Casanova.


The name of the manager of 57 Casanova seems to be Mr Isaac Dahan, which runs around 40 companies... so there is something really strange behind all that.

There is a publication (11th of April 08) in an official Journal (Journal officiel d'annonces legales) saying that the company LVR is being dissolved (dissolution de societe)

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