Legal

Support Owners Against French Banks

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Many owners were forced into a mortgage default with their French bank when the ‘guaranteed’ rent they were promised (and promised contractually) failed to materialise. In France, such mortgage default is followed by an order for re-possession of the leaseback property. At this point, many owners are only to glad to have the property taken […]

Legal

DGCCRF Launches Nationwide Enquiry – finally..

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The French Direction générale de la concurrence, de la consommation et de la répression des fraudes (DGCCRF) have finalised evaluating all the data provided by its CPC counterparts and is launching a nation-wide inquiry on the acts covered in the complaints, which have also affected a large number of French consumers. We have been informed […]

Lease

What did your Notaire do for you ?

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In France, a NOTAIRE is the professional charged with real estate transactions. It is different to Ireland or the UK where a solicitor is the professional who handles the sale of a property. The role of a Notaire is fundamentally different in that he acts for both parties in the sale and is therefore duty-bound […]

Legal

Petition Update

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As of  14 April, the petition has attained 1,304 signatories and continues to grow. The scale of the problem is enormous, but is at least now gaining recognition at EU level. See above for a breakdown of signatories by country.

Lease

Vicky Ford MEP Represents UK French Leaseback Owners

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Update  from Vicky Ford’s office, 30 May 2017: As you are aware, on 6 April Mrs Ford sent a letter to Commissioner Věra Jourová, Commissioner for Consumers, explaining the experience of victims and asking the Commissioner to investigate. Specifically examining the possible infringement on three aspects of EU Directives: 1.            Mis-selling of the properties 2.            […]