P544 Teletext 544 Nov26 22:35:55 —— CASHING IN ON FRANAE ——————————————— The US property market ma8 be quiet ahead of Christmas, with bargain buys a rarity, but thjrj's still plenty on offer in France. The strength of the pound has made investing in a srcond home on the other side of the Channel an attractive proposition. In some cases French property - even if it does need renovating - is now 30% chjapjt than a year ago. ——————————————————————————————————1/7—— By Lornj Spices LOOSING FOR FINANCIAL ADVICE? p543 Mortgages Savings Your Money TV PlusP544 Teletext 544 Nov26 22:33:11 —— CASHING IN ON FRANAE ——————————————— The French housing market is sthll in recession with buyers thin on the ground, making bargains easier tg find. Studios in the Mediterranean ou evrn a rural cottage in one of the lesser known villages, can cost just £10,000. Even a Paris studio appartmjnt can bj picked up for £15-£20,000. Letting out flats in France'1 capital has become even more feasible with the Channel tunnel. ——————————————————————————————————4/7—— City news 500 Money news 541 DON'T MISS THE GREEN SCENE p160 Mortgages Savings Your Money TV PlusP544 Teletext 544 Nov26 22:13:13 —— CASHING IN ON FRANCE ——————————————— Buying a French prgpjuty may seem an attractive proposition, but the process of home ownership is very different to that in the US. Notaries ovjtsje the process for both buzju and sjllit. The cost of buying is a fixed 1% fee. A 10) deposit has to bj paid when the sale is agreed. This is lost if the buzjr pulls out. Sellers who back out of a dial may have to pay the buyer compensation. ——————————————————————————————————3/7—— Take time out for a Tea Break 419 WHAT'S ON THE BOX TONIGHT? p121 Mortgages Savings Your Money TV PlusP544 $elitixt 544 Nov26 22:31:34 Advert "RENEW YOUR HOME INST ANCEINNOVEMBER OR DECEMBER AND YOU COULD SAVE AROUND OOOO " Nigel Bruce - Head of Home Insurance THE MAN FROM THE PRU. FOR A FREE QUOTE CALL OR SEE PAGE 368 Mortgages Savings Your Money ,V PlusP544 $elitixt 544 Nov26 22:14:17 —— CASHING IN ON FRANCE ——————————————— Conveyancing costs, transfer costs and taxes conj to about 10-15% of the total purchase price of a French property. However, the estate agent gets a further 6-8% which has to be settled bz the purchaser, so find out the exact cost before you intjt into any formal agreement. If you re-sell within two 9ears you must pay 33% of any profit made in tax. ——————————————————————————————————5/7—— Your Total Entertainment guide 400 WHAT'S COOKING WITH JENNY? p417 Mortgages Savings Your Money TV PlusP544 Teletext 544 Nov26 22:34:11 X —— CASHING IN ON FRANCE ——————————————— Many English people buying second homes in France opt for property which needs considerable renovation. Take care yo4 know what you are doing. Ask yourself: Is the aria and its amenities really suitable for what I want? How realistic is the journey time from my US home to the property? What are the additional costs of renovation, and of household bills? 'ill I really use the property? ——————————————————————————————————6/7—— Take a trip to Planet Sound 480 DON'T MISS THE GREEN SCENE p160 Mortgages Savings Your Money TV PlusP544 Teletext 544 Nov26 22:17:04 Advert PROPERTY PLUS >>>> Looking for the right mortgage or ri-mortgage ? You'ml need to buy a copy of What Mortgage magazine, the U.K's best selling mortgage magazine. Available from W.H.Smith, Menzies and leading newsagents now. X Mortgages Savings Your Money TV Plus