FOR AN INVESTMENT WITH ‘FRENCH FLAIR’.... A Rock Solid Investment That’s Also Fun...
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I
magine if your bank manager called you on a Monday morning and said “We’ve got a new investment product. You become the
freehold owner of a holiday apartment in the Alps, Paris or the south of France.You receive a 19.6% VAT rebate from the French government, guaranteed rent for up to 18 years, free holidays, you pay no tax for at least 20 years, someone else pays 75% of the mortgage for you and does all the work.” Most of us would respond with “OK, where do I sign?” But guess what? Your bank manager isn’t going to have this conversation with you. This type of French property investment, called a leaseback,is one of the best kept secrets in the financial world. By pure coincidence, the
UK’s leading adviser on lease-back investments happens to be based here in Richmond.We caught up with Leaseback’s director, Graham Rowan, and asked him what kind of people invest in these French properties: “It’s a wide spectrum, from young professional couples wanting their own ski apartment with solid invest- ment returns, to friends who invest together and share the free holidays, to a retired consultant who acquired two in Provence as long term investments for his grandchildren.” Investments start from as little as €75,000
for a studio, with a typical ski apartment being in the €250-350,000 range. Deposits can be as low as 2% and French mortgage rates currently start at around 2.6%. “France is the most visited country on earth” says Rowan, “so you know you have a safe long-term investment that’s also going to be more fun than most pensions. With the right financial advice you
should avoid any income tax liability for at least twenty years. The market is strong and most developments sell out in a few weeks so you need to be ready to move quickly”. A small number of projects are currently
offering mortgages of up to 108% which cover the entire purchase price and your legal fees. French leasebacks combine a solid investment with a great lifestyle choice.Maybe it’s time to invest in your little piece of France? Contact the Leaseback Team to find out more and book a free 30 minute consultation by phone or at their office in central Richmond.
The Leaseback Team
Leaseback, 37 Kew Road, Richmond, Surrey TW9 2NQ t: 020 8914 8428
or visit
www.leaseback.co.uk
From the founder of Harvey Jones Kitchens
We have moved from Sunbury to our new retail showroom in Esher Next to Café Rouge on the Portsmouth Road KT10 9AD
We are now open Monday - Saturday 9.30am - 6.00pm Telephone: 01372 469190 E-mail:
green2fay@yahoo.co.uk www.richmondmagazine.c o .uk 27
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