22 March 2010 by milky71 Can someone explain any downsides to leasebacks. I am considering investing my sipp into one. Comments Permalink 22 March 2010 by JuanAzur Milky Just read most of the forum and you will see the downsides. Can you tell us how this SIPP works with leasebacks? Permalink 22 March 2010 by jaward Milky, The main downsides are: 1)Increasingly management companies are not paying,or reducing the so called "Guaranteed" rent! 2)You may have to pay a hefty "Exit fee" if you come out of the lease early! 3)Co-op fees can be substantial and remember it will you,not the management company,that will be coughing up for any building repairs! 4)Almost no chance of selling during lease period! john Permalink 23 March 2010 by milky71 Are they still popular. Permalink 23 March 2010 by jaward There popular with agents,lawyers,accountants,mortgage brokers,notairs & the new Leaseback fixers or any other fee chaser! john Permalink 8 December 2013 by rcummings Do you have a few years free to listen to the problems??
Permalink 22 March 2010 by JuanAzur Milky Just read most of the forum and you will see the downsides. Can you tell us how this SIPP works with leasebacks?
Permalink 22 March 2010 by jaward Milky, The main downsides are: 1)Increasingly management companies are not paying,or reducing the so called "Guaranteed" rent! 2)You may have to pay a hefty "Exit fee" if you come out of the lease early! 3)Co-op fees can be substantial and remember it will you,not the management company,that will be coughing up for any building repairs! 4)Almost no chance of selling during lease period! john
Permalink 23 March 2010 by jaward There popular with agents,lawyers,accountants,mortgage brokers,notairs & the new Leaseback fixers or any other fee chaser! john
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22 March 2010 by JuanAzur
Milky
Just read most of the forum and you will see the downsides. Can you tell us how this SIPP works with leasebacks?
22 March 2010 by jaward
Milky,
The main downsides are:
1)Increasingly management companies are not paying,or reducing the so called "Guaranteed" rent!
2)You may have to pay a hefty "Exit fee" if you come out of the lease early!
3)Co-op fees can be substantial and remember it will you,not the management company,that will be coughing up for any building repairs!
4)Almost no chance of selling during lease period!
john
23 March 2010 by milky71
Are they still popular.
23 March 2010 by jaward
There popular with agents,lawyers,accountants,mortgage brokers,notairs & the new Leaseback fixers or any other fee chaser!
john
8 December 2013 by rcummings
Do you have a few years free to listen to the problems??