What does a Leaseback property mean?
This unique scheme enables people to be able to afford to buy their dream holiday home or overseas investment property in France and to cover a proportion (or all) of the mortgage costs with a guaranteed rental income (typically 3-7%) from a large Holiday company who will rent out your property on your behalf for typically 9 years. No VAT is charged on Leaseback scheme properties which reverts to a saving of 19.6%. The property would be fully maintained by the managing agent and all costs incurred paid for by them. As the owner you will also have peace of mind that your property is not left unattended for months at a time. Leaseback schemes also allow the owners to have use of the property for allocated weeks of the year. The majority of people who own holiday homes in France, only actually live in them for a few weeks of the year. In addition, French inheritance laws mean that many properties are owned by many family members who cannot agree what to do with the property – this also le