Lease

DGCCRF – No news is good news? Or is it…

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The investigation by the DGCCRF (Direction Générale de la Concurrence, de la Consommation et de la Répression des Fraudes) in France into the mis-selling of leaseback properties to around 200 purchasers is ongoing. Apparently. The scope of this investigation has not been confirmed. The timelines for its conclusion have never been given. The CCPC (Competition […]

Lease

French Leaseback on France TV Journal

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France TV 2 news programme Journal featured a piece on French Leaseback on 17th July 2019. It featured one owner from a residence de tourisme in Deauville and another owner from Domaine des Fontenelles, operated by Madame Vacances. It seems that MMV are looking for €50k eviction compensation from this owner, while the contract that […]

Press

TV Production for RTE

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A TV production company called Cornelia Street are planning a documentary for RTE 1 (Irish national TV broadcaster) called ‘Burnt by the Sun’ due to air this autumn. This is a fantastic opportunity to bring this issue to the fore and provide for some serious pressure on the consumer protection authorities, in particular the EU […]

News

MEP Elections

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We would like to express our gratitude to Brian Hayes MEP, and also to his team, who supported our campaign. Brian engaged with the CCPC and European Commission on our behalf and helped drive the consumer cross-border complaint resolution process that is currently in train. Now Brian is leaving politics after a long and fruitful career, and […]

News

Results of Leaseback Owners Survey

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We conducted a survey of owners to build a clearer picture of the problems experienced, the views of owners (with the benefit of hindsight), and details of the agents and operators involved. 346 of you responded – a fantastic response ! So many thanks to all of you for taking the time. There were multiple […]

Legal

French Leaseback Owners Survey

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We would like to build a clearer picture of exactly who the key players were in the sale of problematic French leaseback properties. To do this we’re asking people to complete a very short survey telling us who was involved in your original leaseback purchase. By creating a profile of the various parties involved, we […]

Lease

French Court Cancels Lease – No Compensation!

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The Court of Appeal in Montpellier finally cancelled a lease in a case taken by the owner and his wife at the end of the 9 year lease duration. Many owners purchased their French leaseback property on the understanding that the lease was for 9 years (or in some cases 11 years) and after that […]

Financial

Petition Submission and Updates – March 2019

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The petition on Change.org to secure justice for beleaguered purchasers of French leaseback properties has been submitted to the French and Irish authorities. We are awaiting a meeting with the European Commission and hope to present it in the next month to Ms Marie-Paule Benassi, Acting head of Directorate E: Consumers at DG Justice and […]