Showing results for tags 'leaseback'.
Can anyone give us some good advice? We have paid two solicitors over the last few years and it's got us no where. And we are now unsure if we need a French solicitor to see us through the bailiff stage. Our failed leaseback meant we had an unfinished property. We have never been able to pay the E30,000 to finish the property and after about 18 months had to stop paying the mortgage. We tried to negotiate with the bank but to no avail. Now it's gone to bailiffs. We have had the first letter from the bailiffs. The debt is 140,000 Euros. We had to sell our UK property in con
Believed the sales pitch that the government back leaseback scheme were solid investments, self funding and borrowed close to 100% from the french banks to purchase some properties with different lenders. Operator went bust and never paid the guaranteed rents, leaving banks to reprosses, what action will they take now in the uk? Any thoughts please...