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Some Good News For A Change

May 19, 2008
There are many reported incidents in the press these days that tell us of people blowing their lottery winnings. They give us frustrating run downs of how these fortunate people came into hundreds of thousands, sometimes even millions, of pounds and how they managed to deplete it down to barely enough to live on in a matter of months.

This is simply because good news does not sell papers and the stories of all those who welcome this lucky break and who use their new found wealth for good do not make it to the front page. We only hear all the stories of so-called wasters.

So, let's take a look at someone who bucked the popular system and made a sound investment.

Mr and Mrs Marchant were still fifteen years from retirement when they had their windfall. However, rather than just go out and blow the whole lot on luxurious living and extravagancies, they have looked ahead to their retirement and are determined to see out their days with adequate finances.

To this end, the Marchants decided on a leaseback property in their favourite holiday destination - France. Research led them to a development of new builds in a beautiful little village called Plescop in Vannes, Western France.

Surrounded by picturesque countryside of rolling heather fields and with the benefit of a nearby city full of all the nightlife a younger person could wish for as well as an excellent record in the field of health care and their education system, the Marchants decided Plescop was the place for them.

The new development was being sold under the arrangement of leaseback property which was a great investment for this couple as it meant they would recoup over nineteen per cent tax money back under this scheme. They purchased a two bedroom apartment with a view to die for!

This leaseback property development was on the outskirts of the residential area and afforded views over the countryside that were simply breathtaking. Due to the nearby town there was a very needy call for affordable student accommodation. This was one of the things that truly attracted the Marchants to the property.

With so many of the apartments being sold as leaseback property it was possible to develop a whole block into student halls which then made the necessary requirements for leaseback property cheaper and easier. All the owners were able to secure cleaning and maintenance services as well as a reception and laundry service for the residents at a much more affordable rate.

The building itself was popular to students as it is a short journey to the local town where they attend colleges and universities. Thanks to the scheme of leaseback property, their accommodation was much cheaper than it would have been in town.

Of course, there are always risks that accompany students lets. However, on site security found that they were actually seriously studious people who simply needed a break. They were proud to be living in such a nice area with homes that were already furnished comfortably and this eased their worries and those of their parents who, of course, would want to see their youngsters in safe accommodation.

It's thanks to people like the Marchants that property like this is available. It is also a wise investment for them. With all the rental income being tax free they have a regular, sound income. They also have a holiday home during school holidays and when they are ready to retire, they have a home that has been looked after in one of the most beautiful areas of the world.
About the Author
Property expert Catherine Harvey looks at the use of leaseback property as a future investment.
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