In the right circumstances, a leaseback can be an enjoyable and rewarding venture. However, in our view, no sensible person should enter into this type of agreement without fully understanding all of the potential consequences. These schemes, which can run for over 20 years, are often presented by estate agents and developers as a straightforward and safe financial investment. Yet many people are led into signing complex documentation which they may not understand properly, if at all.
We have assisted numerous clients to navigate their way through such purchases, always making sure that our clients know exactly what they are signing up to.