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FrançaisFrench Bank
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My French bank AXA has requested my tax payer ID number, verification of residence, and birth city. A fine of 1500 euro is imposed if not disclosed. Has anyone else received such a letter?
General Discussion
French Bank
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Lease Break
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Has anyone ever successfully got out of a lease and went on to rent independently or sold?ThanksDeclan
Recommendations for Selling Agent and French Solicitor to sell property
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Regarding selling: I am in the process of offering my leaseback for sale and, due to the situation we've all found ourselves in vis-a-vis being duped as to what
exactly, we were buying into in the first place, I am hesitant to sign anything without the assistance of the advice of a qualified legal representative. I also want to ensure the
selling agent is acting in my best interest and not that of someone else (the tenant, or original developer for example). To that end, can anyone advise me of a Sales Agent
Termination of lease by management company
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<p>Our management company DG Holidays terminated our lease on 26 January 2022, along with the majority of the apartments on the resort - A settlement was agreed with DG that we would be paid 50% of rent owed since 2018 with the remaining 50% paid in 24 monthly installments. Other owners I believe have received settlement of the first 50% but none of these monies has been forth coming as of todays date to ourselves personally.
Remortgage
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Hi, have a interest only mortgage which is due to expire in 2023 which will require refinancing. My current lender is CIF which is no longer issuing loans based on information I previously obtained from them (albeit it was 4 years when I last raised this with them). Has anyone any recent experience of refinancing their French mortgage or know of a good starting point to do so.?
Thanks in advance
Annual financial status - bank request
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Hi
I have received a letter from Caisse d'Epargne bank asking for my financial status, a "formulaire 5000" - all in french - for both me and the wife. Has anyone got a simple answer to how to provide this?
Thanks
Capital gain calculation
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Hi all,
Perhaps a stupid question, does any one know how to captial gain is calcualted for French leaseback properties?
To be specific, is it just as simple as sales price - purchase price, or is it sales preace - (purchase price - depreciation). Of course i know there are fees to add to sales price and purchase prices, but my point is more on the depreication which over 10 -20 years is very significant, which will increase the captial gain (and hence tax) quite a bit.
Mortgage Redemption Question
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Hi, I am hoping some one can guide me or steer me here. I have 5 years left to run on my disasterous Lease back. I have a French mortgagewhich I took out to buy the property and I and I want to pay it off now. Can anyone advise me on the process ? I have worked out how to pay off with the French Bank(Credit Immobilier) but what I dont undertand is what happens next .....are there deeds to the property as there are in my home country Ireland?
Considering buying property
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Hey,
I'm considering buying a house in a condominium built by the Terresens group. The house would be delivered in two years and would be rented out / managed by them (70-30 split of the profits). From what I've been told so far I'm free to pick which weeks the house is available to be rented out.
I have no experience with these types of properties, but it sounds very useful to have a company managing the house with minimal interaction from me.
Is this a good deal or am I being naive?
Thanks!
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