The property market in France is now offering some very good opportunities to buy and let your property thanks to the new French scheme called Loi Scellier.
A buy to let property is a good way to put a first foot in the property ladder in France while generating an income to cover your mortgage repayment.
Building your property portfolio
With a buy to let, you create a property asset while receiving monthly rentals providing you with an additional stream of income for the future, and especially for your retirement. These new developments meet demanding standards of insulation, energy efficiency, comfort, quality and safety.
Your tenant will sign a 3 years unfurnished lease which can be renewed every 3 years. There is no VAT refund on a buy to let. You can sell the property with a tenant occupying your property but keep in mind that with occupancy, you will not obtain the full property value. You can sell your property at the end of the lease period with 6 months notice being given to your tenant.
Managing your property
Contrary to a leaseback, the management company is not as important as their role is limited to find the right tenant and look after the property. You can change company as you wish. With our buy to let developments, the developers have already secured a management company to look after the property and put in place insurance, which will guarantee your monthly income.
Worth remembering, all buy to let developments can be purchased as second home. You do not have to lease it if you do not want to.
Financing your investment
We can arrange for up to 80% mortgage for non-residents on buy to let developments.
As with any new property, you benefit from a 10 years building guarantee and reduced notary fees.Click here to see the developments under that scheme Buy to let