General DiscussionCan someone explain any downsides to leasebacks. I am considering investing my sipp into one. Comments JuanAzur Downsides 22 March 2010 Milky Just read most of the forum and you will see the downsides. Can you tell us how this SIPP works with leasebacks? jaward Downsides 22 March 2010 Milky, The main downsides are: 1)Increasingly management companies are not paying,or reducing the so called "Guaranteed" rent! 2)You may have to pay a hefty "Exit fee" if you come out of the lease early! 3)Co-op fees can be substantial and remember it will you,not the management company,that will be coughing up for any building repairs! 4)Almost no chance of selling during lease period! john milky71 Downsides 23 March 2010 Are they still popular. jaward Downsides 23 March 2010 There popular with agents,lawyers,accountants,mortgage brokers,notairs & the new Leaseback fixers or any other fee chaser! john rcummings Do you have a few years free 8 December 2013 Do you have a few years free to listen to the problems??
JuanAzur Downsides 22 March 2010 Milky Just read most of the forum and you will see the downsides. Can you tell us how this SIPP works with leasebacks?
jaward Downsides 22 March 2010 Milky, The main downsides are: 1)Increasingly management companies are not paying,or reducing the so called "Guaranteed" rent! 2)You may have to pay a hefty "Exit fee" if you come out of the lease early! 3)Co-op fees can be substantial and remember it will you,not the management company,that will be coughing up for any building repairs! 4)Almost no chance of selling during lease period! john
jaward Downsides 23 March 2010 There popular with agents,lawyers,accountants,mortgage brokers,notairs & the new Leaseback fixers or any other fee chaser! john
rcummings Do you have a few years free 8 December 2013 Do you have a few years free to listen to the problems??
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JuanAzur
Downsides
22 March 2010Milky
Just read most of the forum and you will see the downsides. Can you tell us how this SIPP works with leasebacks?
jaward
Downsides
22 March 2010Milky,
The main downsides are:
1)Increasingly management companies are not paying,or reducing the so called "Guaranteed" rent!
2)You may have to pay a hefty "Exit fee" if you come out of the lease early!
3)Co-op fees can be substantial and remember it will you,not the management company,that will be coughing up for any building repairs!
4)Almost no chance of selling during lease period!
john
milky71
Downsides
23 March 2010Are they still popular.
jaward
Downsides
23 March 2010There popular with agents,lawyers,accountants,mortgage brokers,notairs & the new Leaseback fixers or any other fee chaser!
john
rcummings
Do you have a few years free
8 December 2013Do you have a few years free to listen to the problems??