Are the running costs of your dream purchase getting you down?
You may be lucky enough to already own your dream holiday house, yacht, or other expensive leisure asset. If so, you could use fractional ownership to cut the cost of owning it in one of two ways:
1) Sell a fraction in your asset, giving away some of the useage rights, but sharing the cost of ownership also. This would both free up capital and reduce your running costs.
2) Give away some useage rights in return for a contribution towards the running costs. Depending on the asset involved and the amount of time that you are willing to give away, you might be able to reduce your running costs to zero (or even make a profit). This is effectively a long-term contract to let your property.
Most people will find that they can take one of the above options without impacting on their use of the asset at all. The money saved (or capital realised) could either be diverted into investment or used to fund other leisure purchases/activities (such as another fractional property).
Contact us if you would like to investigate these options.
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