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French Leaseback Issues

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Category: Financial

Petition Submission and Updates – March 2019

Posted March 3, 2019March 5, 2019 admin1 CommentPosted in Financial, Legal, News

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 […]

Credit Immobilier de France – Poor Lending Practice

Posted January 24, 2018January 24, 2018 adminLeave a commentPosted in Financial, Legal

In 2012 the French government agreed to rescue Crédit Immobilier de France (CIF), after conceding defeat in attempts to find a buyer for the struggling mortgage provider. According to an Irish Times report at that time, it had been up for sale for a number of months, but its fate appeared to be sealed when Moody’s cut […]

French Banks – Key Players in the Leaseback Problem

Posted July 18, 2017July 18, 2017 admin14 CommentsPosted in Financial

In one well appointed resort located in Languedoc in the south of France, the holiday season has begun and the pool is noisy with splashes and the restaurant humming. This is a Résidence de Tourisme (RdT) which on the surface looks carefree (‘insouciant’ if you will). However, if you talk to most of the owners they […]

Financial Advice for Leaseback Owners

Posted July 26, 2016May 22, 2018 adminLeave a commentPosted in Financial

Médiateur If you have issues with your French bank and are not getting a satisfactory response you can try the mediator, who is a kind of ‘in-bank’ ombudsman. If your bank has one, it should give you the name and contact details. Though in my experience they don’t like sharing the contact details! If that […]

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