Reversion Property and Mortgages

Guest 0.10 Dollars($)

I am interested in an reversion property in France and would have a reasonable deposit what would be the situation for a mortgage on the balance of the reduced price

larry · Joined: 27 Jun 2007 Posts: 3328 473.51 Dollars($)

Ho Robert,

Welcome to the forum.

With a full reversion mortgage, the property ownership is transferred to the bank but the borrower remains in the property along with the tenant. But in case of a partial reversion mortgage, the share of the property of the tenant is held in a trust and is repaid usually after the death of the borrower. It could also be repaid when the borrower moves into a long-time care. The mortgage amount is repaid either in lump sum or as a monthly annuity.

helping_user · Posted: Wed Sep 19, 2007 9:27 pm Post subject:

Hi Robert,

There are 3 different mode of payment in purchasing reversion property:

Paying a Lump Sum without any monthly annuity

Paying a Lump Sum amount with a monthly annuity

Paying monthly annuity without any lump sum amount

Thanks

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