Well known landlords decide to sell.

June 9, 2015

Fergus and Judith Wilson are without doubt a true success story when it comes to Buy-to-Let  investing, I can rememeber back quite sometime when I read a report in one of the main stream newspapers describing how the former maths teachers recognized that the buy-to let market at the time was a matter of simple mathematics, and then went about accumulating their portfolio.

It has not always been an easy ride for them  from when they started, they have seen dips in the property market but their professionalism has seen them through with good decision making, it appears the time has come for them to make another big decision and that is to sell their portfolio of properties.

In fact the Wilsons who own around 1000 properties in the south east of England have already sold 100 properties and half of them have gone to a Chinese investor, so far they have  been advertising the properties for sale by private treaty. However, on Tuesday 16 Junet they will be marketing two homes at auction,  if successful this could be the way the other properties get sold.

The Wilsons dominate the local property market in Ashford where they hold most of their property portfolio which are mainly two and three-bedroom homes built since the 1990s valued at around £250m.

Owning such a large portfolio of properties comes with great responsibility and Wilson recognises that,   now they are in their late sixties it is now time to sell up and consider other less demanding opportunities they can manage in their later years, if they so wish that is, I did read buying a farm or two may be an opition, well good luck to them if that is the case as that could be more demanding than what they are doing now, anyway I am sure with their past record they will make the right decision.

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Estate Agent Talk

Commonhold White Paper – Thoughts from the Industry

The sale of new leasehold flats in England and Wales is to be banned under Labour’s plan to end the  ‘feudal’ system. Labour wants to switch to Scotland’s commonhold system There are around 5 million leaseholders in England and Wales. Under commonhold, each flat owner would own the freehold of their home, but also have…
Read More →
Breaking News

Greenpeace Ruling Exposes UK Government Policy

In January 2025, Greenpeace brought a collective action against the Dutch state for failing to comply with a 2018 European Court of Justice ruling on nutrient neutrality. An appeal is expected: however, as the UK Government has adopted the same ‘tax builders for pollution others cause’ approach to reducing nutrient pollution, it may find itself…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove commentary on mortgage market + weekly tracker

Commenting on the mortgage market, Rightmove’s expert Matt Smith said: “The market has settled after the unexpectedly high inflation figure. Average mortgage rates on many products have trickled downwards, and we’ve even seen the return of some eye-grabbing sub-4% mortgage rates for those with the biggest deposits. It shows that mortgage lenders are still keen to…
Read More →
Breaking News

Government plans to ban new leasehold flats

With the Government’s plans to ban new leasehold flats, an expert says the system must be ready to cope. With the news that Government is to outline plans to ban new leasehold flats and adopt commonhold, with draft Leasehold and Commonhold Reform Bill to be published later this year, Scott Goldstein, Partner, Payne Hicks Beach,…
Read More →
bank of england interest rate
Breaking News

Bank of England Money and Credit Report – January 2025

Overview These monthly statistics on the amount of, and interest rates on, borrowing and deposits by households and businesses are used by the Bank’s policy committees to understand economic trends and developments in the UK banking system. Key points: Net borrowing of mortgage debt by individuals rose by £0.9 billion, to £4.2 billion in January.…
Read More →
Breaking News

Right to Manage: changes to legislation come into effect on Monday

On Monday 3 March further provisions within the Leasehold and Freehold Reform Act 2024 come into force, including Section 49 which concerns the change of non-residential limit on Right to Manage (RTM) claims. This secondary legislation will mean that residential leaseholders within a mixed-use scheme will qualify for RTM when the commercial element of a…
Read More →