Hi Lenny,

When you say you heard they were under investigation do you know who by and where I could get details about this??

Thanks,
Chiara

Hi Westan,

Worst case is if the company dies in 12 months and I am left with a property to rent out – Which would be the case anyway if I just bought a country property myself. BUT which is something I will have to take into consideration if buying ie. will it be possible for me to rent this property myself in the event of the company going bust.

The 20 year guarantee is also available for 5 or 10 years. However I think I would be happy to receive 10% as this would more than cover any mortgage repayments so at the end of 20 years I own the property with little hassle and if as you say values have doubled then I can either sell it for double or increase the rent. May not result in the same earnings as if the rent was increased periodically over the 20 years but this way a steady income is ensured…
Obviously there is for and against this situation but it does seem a hassle free alternative..

Cheers,
Chiara

Hi Bc []

Well I’m pretty sure the auction doesn’t take place on the bus – although I can just imagine…

I do agree that one of the best ways to purchase a country property is probably by driving yourself round and checking properties that you have located yourself. The thing with this is that it is time consuming and at the end of the day you have a property which you are responsible for renting either personally or through an agent. I have absolutely no problem with this method – in fact it is the one I currently use and will continue to use regardless of whether I purchase though this company or not.

However, the advantage of making a purchase through this company is that they guarantee 10% return over 20 years. They obviously charge over 10% for rent and keep the difference but they are also responsible for maintenance and property management over the 20 years.

Sounds too good to be true?? Thats what I thought which is why I posted todays question just to get some feedback and hopefully hear the reaction of some forum members who had had personal detailings with this company.

You’re right it may be the biggest rote in history but it could also be a win win situation. I haven’t committed to anything and will do a lot more investigation before even comtemplating setting forth on this path. Its been brilliant to get some impartial opinions – the more varied the better.

Thanks again,
Chiara