General Discussion

Anyone get sold their leaseback through Assetz UK?

9 November 2017

Hi all,

I bought my property in Les Deux Alpes back in 2006 and dealt with this through a UK agency the details of which I no longer have and surprisingly (or not) they dont seem to exist any more. Did anyone else buy from this agency and if so would you have any details on them? I need this info to submit my complaint to CPCC.

Thanks in advance all,

/martina

 

Selling the whole residence

9 October 2017

Hi, 

I was talking to agents in France who have investors interested in purchasing residences as a whole unit. They transform the property into social housing. 

The advantage for current owners is that they sell at the local property market value. They don't care of the state of the property. 

The disadvantage, you could have to pay compensation to management in place, and pay percentage of VAT back. 

BBC2 Victoria Derbyshire

26 September 2017

Hi,

the Victoria Derbyshire program is due to air a piece about the French leaseback issues tomorrow morning (27th Sept). The program airs from 9am to 11am and the piece will likely run around 9.30.

Irish journalist Diarmaid Condon, who has written extensively on this issue, is scheduled to contribute also.

First piece of UK media that I know of, and a great show to see it on.

Lets hope the CMA are watching !

paxton reduced rent

29 August 2017

Hi All, I am new to the site but after reading some of the articles I see we are all in similar positions. My husband and I purchased a properrty in Paxton back in 2007 we took out a french mortgage for approx 2/3 of the total cost. Everything was good untill we had reduced rent in 2011 , unfortunately after much debate with Accelis Gestion we were bullied into signing new agreement . Luckily we never had any delay in payments and have always managed to keep the mortgage paid.

Les Jasses de Camargues - Gallargues

23 August 2017

Hi everyone, 

The lease with the management company is coming to an end in October 2018 in this residence. Owners need to give notice to end management 9 months in advance meaning the latest of end of January 2018. 

I know two owners interested to get out of this and was wondering if anyone else interested? also if any have done it already?

Regards, 

Eddy

Rent Reduction

27 July 2017

Hi

I am an owner in Residence Paxton, nmanaged by Accelis Gestion.

I just got a letter proposing a reduction to in rent to 2.5%.

Accelis Gestion claim that they need to reduce the rent in order to keep the Paxton business going and to pay for upgrades, etc.

This is my second reduction. In about 2011 my “guaranteed rent” was reduced to 3.5%.

Just wondering if you’ve had experience of this before and if you refused to accept the reduction?

If so, what happened? Was the original "guaranteed" rent maintained?

UK Tax reporting

26 July 2017

Trying to do my UK tax return and for the first time will report income from my French leaseback. It seems there are 2 options: 1) UK property section under furnished property lettings in the EEA 2) Under the foreign Section. I tried calling the HMRC and asked them but they were not very helpful. What does everyone else do?

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