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Key selling points
- Low Deposit
- Guaranteed rental
- 100% mortgage available
- Uses special French initiatives
- Great Capital growth
- Low risk
This scheme is very simple and uses some of the special initiatives that the French governement have put in place. It will provide a lump sum for the future and in the meantime you have a very sound investment which is fully funded, hands free, no hassle, and the rental is covered by an insurance policy - perfect.
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How does it work?
- You place a 20% deposit with the french bank
- They provide a 100% mortgage to buy your chosen apartment
- The deposit stays with the bank earning 5% pa compound interest
- The apartment is handed over to the managing agent
- They let the apartment to young professionals (firemen, police, teachers, nurses etc)
- The rental is guaranteed via an insurance policy
- The rent is sufficiant to cover the mortgage
- The rent rises each year
- For 9 years you can receive the income free of French income tax
- Year 10, you sell the apartment (or before if you wish)
- Pay off the mortgage, and keep the capital growth
- Cash in your deposit from the french bank
What sort of returns?
Based on the property prices rising by just 5% pa then we predict that you will receive at least 350% return on your 20% deposit. Curently the prices are rising much higher than this figure so 5% is very conservative.
We have a number of developments in various cities in the north of France, both in Brittany, Normandy etc but the location is not relevent.
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***Imagine planning for a retirement - you buy one of these apartments now and every year for as many years as you wish, in 9 years time you sell the apartment and each year there after you provide yourself and your family with a lump sum. The deposits are as low as €23,000 which at todays rate is approx £15,500 (1.48)
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