Midiproperty Launches new Letbacks French Property Package for the Flexible Investor
January 12, 2006 (PRLEAP.COM) Business NewsLONDON, UK – 12 Jan 06: Midiproperty has announced the launch of a new property package to cater for where Leasebacks are too inflexible and vacant 2nd homes are unaffordable. It allows the buyer to utilise their property, and Midiproperty to ensure rented occupancy at all other agreed times.
Following research from Midiproperty has shown that a majority of buyers aged between 35 and 55 are thinking of buying a French home for their retirement but would like to buy soon - with just a small deposit. Borrowed financing of the purchase can now be reduced earlier with the Letbacks package due to taking advantage of seasonal demands – which allows for the maximum yield to be achieved.
How it works: Purchase the desired property – determine personal usage forecast for next 12 month period – tenants are gained for remaining vacant periods. The less a property is reserved for private use, the greater the yield will be.
The Letbacks package is designed for investors who find Leasebacks not flexible enough for their needs (usually holiday homes with guaranteed lower yields) and those that want to buy to let but without the personal overhead of time and costs and the lengthy tenancy agreements (typically 3,6 or 9 years).
There is no length of commitment to the package once you have signed up, other than honouring the completion of the 12 month schedule.
The package is available in Languedoc Roussillon - currently what is one of the busiest regions of France for buyers due to its low but steadily rising property prices. The Letbacks package will be extended to cover more regions in the coming months.
Properties suitable for letbacks are indicated at www.midiproperty.com from where full details can be requested, including agreements and management fees as well as projected amounts that can be received for rent at appropriate times of the year.
Midiproperty can now provide assistance in obtaining very competitive fixed rate mortgages starting at 3.45%.
Midiproperty are a leading property Consultancy for regions across the South of France.