General Discussion

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29 May 2007
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General Discussion

Hello Everyone!

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2nd purchase

3 May 2007
Forums: 
General Discussion

I currently own a leasback property in a refurbished development and am considering a second purchase in the same development, an apartment that is 2 years into a 9 year lease agreement.

I'm wondering;

1. Is there any advantage/disadvantage in purchasing a property during the term of the lease.

2. Is there any tax advantages in having a second property inm the same development.

3. Can you extend an existing mortgage to cover the second purchase or do you have to take out a new mortgage (with Barclays).

Thanks,

REGAN

Grandalpes/BBV

2 May 2007
Forums: 
General Discussion

hi, does anybody have experience of the management company grandalpes (aka BBV)? i am thinking about buying a resale property in les menuires built by MGM.

also, looking to when the lease is renewed in 4/5 years time, what are people's experiences of renegotiating rental returns & personal use after the first 9 years?

Arc 1950

25 March 2007
Forums: 
General Discussion

 

Does any one know an owner of a property in the Arc1950 deveopment? Me and two friend are seriously considering buying there. We are having real problems tracking down current owners to ask of theie experience. What were thier actual returns, what is their opinion of the whole experience/ deal /commpany?

Taxes

24 February 2007
Forums: 
General Discussion

Hi there, I am looking at leasebacks in france. Not sure yet where. Obviously i want to check out what tax implications there are with leasebacks. Could somebody provide me with a list of all the taxes that i would be liable for both here and in france should i decide to buy a leaseback property in france.

I understand that if i have a french mortgage that this can be offset against tax on rental income in france. So if there is zero tax payable to france is it zero to Ireland too?

Withdrawing From A Sale

18 February 2007
Forums: 
General Discussion

There have been several delays in buying our Leaseback in Theoule Sur Mer. This has included that we still have not received the signed copies of the contract back. The developer says they were sent but it was when we were away. They have never arrived. As time has gone on with delays I have considered pulling out of the sale. Can anyone confirm as I have never received the contracts can I pull out under the 7 day cooling off period as it effectively never began.

 

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