LF LE MANS

Reference: LF LE MANS - House - €37,800 (626)
Location: Mans, LE MANS

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€37,800 is approximately :

Australian Dollars : $61,355

British Pounds : £33,868

Canadian Dollars : $59,743

Hongkong Dollars : $436,419

Japanese Yen : ¥5,097,056

New Zealand Dollars : $77,500

Swiss Francs : F57,156

US Dollars : $56,312

Please note that these conversions are approximate and for guidance only. They do not constitute sale prices.

€37,800

Bedrooms	Habitable	Land Size
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House - €37,800 (626) - Location: Mans, LE MANS

Pays de la Loire, Sarthe, Mans

This Property is For Sale by FGP CEV
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Highlights

VACANT LIFE ANNUITY HOUSE IN LE MANS

Description

but yourself a house in Le Mans by means of a comfortable life annuity financial scheme and occupy it or rent it immediately!
this a very rare vacant life annuity sale
the life annuity must be paid until death of the seller 73 uyears old lady
market value is 140.000 euros
price: 37.800 euros plus monthly life annuity payments of 626 euros

PROPERTY PURCHASE AGAINST LIFE ANNUITY IN FRANCE
people over 70 often seek means to increase their income
they can sell a property "en viager" to a buyer who will pay them an annuity for the rest of their lives
they will receive an income indexed to cost of living for the rest of their lives avoiding risks associated with traditional investment scheme
the sale against life annuity can be either vacant (rare) or occupied (most commonly)
in the latter case sellers remain living in their house for the rest of their lives or for a more limited period
the sellers may relinquish occupation at any time in which case life annuity is increased by a further supplement
it is not the case for this house in LE MANS which is one very rare "vacant"annuity hence it can be immediately lived in/rented on day of transfer of title

WHAT ARE THE ADVANTAGES FOR BUYERS ON LIFE ANNUITY PURCHASE?
property is sold at a lower price
purchase price is often modest
rate of the annuity can often be lower than the repayments on a bank loan
no need to manage a let and no income to pay tax on until such time as the property reverts

ON WHAT BASIS IS LIFE ANNUITY CALCULATED?
upon signing the transfer of title of property the buyer pays the purchase price
thence life annuity payments are effected end month on sellers bank account by swift
life annuity is calculated on the basis of following criteria:-

value of the property purchased
amount of purchase price
life expectancy of sellers

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