So what do we do at Logical Investment Options to get these great properties, and all the advantages that come with owning them, to our clients? In brief, we are the lynch pin around which your purchase revolves, a kind of concierge service.
We are a dedicated team of people with several decades of collective experience in property investment around the world. We are focused on finding unique, quality developments in the best locations that southern France has to offer.
We specialise in French ‘leasebacks’, with a twist! Our properties, and the benefits that come with owning them, are not available anywhere else. We understand them totally.
The Logical directors always invest their own money (“our own personal funds, not just company funds”) with every developer we partner with.
Having located the very best developments, we carry out rigorous due diligence checks on the developer, the location, the mortgages available, and what the French banks think of the development, and every aspect of it.
About Us
If you could find a buy-to-let property, own the freehold, enjoy a guaranteed rental yield between 4.4 and 4.75% index linked, having bought it at a discount of almost 20%, obtain a mortgage of 95% (at an interest rate of under 5%) with the tenant being responsible for the maintenance and insurance costs, with no voids guaranteed for a minimum of 9 years, you’d be interested right?
Well these are the kind of headline advantages that attracted me and my co-directors at LPi to invest our own money three years ago in French ‘Leasebacks’.
‘Leasebacks’ are not new; the French government introduced ‘leasebacks’ over 20 years ago, so it’s been possible to buy these properties for quite a while, although only in the last few years have the Brits and Irish “discovered” them.
In a nutshell the French Government want to increase tourism levels in France, so they offer builders and holiday companies a significant tax break for operating a ‘leaseback’ scheme in certain parts of France.
This builder sells a property to you, usually off plan. However, he also finds you a tenant, usually a holiday company, which agrees to lease the property from you for between 9 and 11 years. Your tenant will be a large established company who agree to pay you a guaranteed level of rent which is index linked. They are also responsible for routine maintenance during the term of the lease.
In return for entering into this arrangement the French Government will refund you the VAT on the property, which in France is 19.6%!
We then meet with the developer to
compose the package that’s right for Logical customers. We organise
‘client inspection’ visits so potential clients can feel reassured that the development and surrounding area meets their needs.
From our UK office, we guide our clients through the
purchasing process, signposting you to the right members of our team at the appropriate times. If your circumstances suggest that placing your property into a
Self Invested Personal Pension (SIPP), we have the expertise. Our preferred
French mortgage adviser specialises in ‘leaseback’ properties. We can organise
translation of your documentation during purchase free of charge.
Once your purchase is complete, we can even help market your property, have an archive service for your paperwork and offer a ‘self use week’ swap that enables you to holiday all over France.
Please take the time to watch our short film about LIO and French leasebacks, by clicking
HERE.
Call us now on: 01603 813913 for our latest property details.