How very true Darren ....

So many people are attracted by the return of TVA (Vat) and the rental income without the hassle of managing the lets. Plus of course there's the added bonus of having a few weeks holiday accomodation....

Another observation ....... At the start the properties look fantastic, but after a few months of various holiday makers having used the accomodation they can start to look tired. After a few years, very much so.

At the end of the lease, some people will decide to sell, but with a lot of similar properties for sale in the holiday complex, the market can be drenched and this can have an adverse effect on the selling price.

In some cases the leasebacks are bought back by the management company, and then sold on to another management, who either re-builds or refurbishes, and once again there is another chance to buy a new leaseback investment property.

Of course there are some good management companies. The banks who lend mortgage finance on leasebacks often have a list of the leaseback complexes that are preferred - if they're not on the list they will not lend finance.

Whatever .... think carefully .... a salesman is there to make a sale.

Kind Regards
Carole Bayliss
mortgagefrance