£1.15 million in 4 weeks – 5 landlords on why they sold with Landlord Sales Agency

The property market has been uncertain for a while, and with an election upcoming, and the new government that brings in tow, there’s no surprise that landlords are looking to sell, fast.

Whether that’s to cash in to get the highest prices now for their portfolios, or to downsize and tidy up portfolios so the strongest ones remain, the time to do it is now, before the year ends.

That’s exactly what these 5 landlords did. Like many of us, they wanted to sell, but they didn’t want to compromise on price. They also didn’t want to wait months or even years for an Estate Agent to attempt to get 100% only to hit them with costly fees – sometimes a year down the line. They simply wanted a fast, no-fuss sale for the highest price.

They also needed a bespoke service that covered all possible selling avenues and was run by a team of dedicated experts who knew exactly what to do with landlord portfolios and all the challenges that come with them. All 5 reached out to Landlord Sales Agency:

The first landlord had a £1.2M block of 4 flats in East Dulwich. It was a tenanted property Freehold Block sale, and he needed help shifting it and navigating delays with the lender and lack of planning and tenancy documents. Landlord Sales Agency knew exactly what to do, and delivered. Our team of experts resolved every single issue, liaised with tenants, marketed the flats to our network of over 30,000 private buyers and reached out to both investors and the very best and fastest local agents. The Agent Value for the portfolio was £1.3M – we sold the entire block in just 4 weeks for £1.15M through our partner London agent.

The second landlord had a similar portfolio. Once again, this proved no problem for our team. He was based in Bahrain and wanted to shift the properties to release the cash and invest elsewhere. He wanted to act fast, and get the best price possible. The portfolio was a £1.4M Block of 40 individual Flats in Pembroke Dock. He’d tried to sell previously, but the first portfolio fund had withdrawn due to location and messing about. We stepped in and did what we do best. The Agent Value was £1.6M – we sold it for £1.4M to a second portfolio fund through our trusted agent network. The fund also needed AST’s, EPCs, EICRS for every single flat in the Block. No problem: our team of dedicated builders stepped in and completed the lot.

It might sound unheard of, but this is exactly what we’re doing for landlords who contact us every month. The minute you get in touch, we assign a dedicated team of the UK’s very best portfolio exit specialists. No matter what issues arise, be it certificates, refurbs, tenant issues, evictions, paperwork, we’ll sort it all out for you with our team across the UK.

It’s not just large portfolios, we take on any landlord properties. For another 3 landlords who contacted us in Slough, Liverpool and Croydon we did the exact same thing. Each landlord had a slightly smaller portfolio, one with tenants who wouldn’t leave, one with 80 properties with survey issues, and another with 2 properties that needed refurbs.

We took it all on, negotiating with tenants to leave early for cash incentives,  gaining co-operation from other tenants to sort out building issues and survey problems, and on the final one, ensuring that the tenants who were staying during the sale had rents increased to match the market conditions, plus sorting out a Section 21 eviction for another that had been ongoing. For all the issues we covered the eviction and clearance costs upfront and split costs with the owner who repaid on completion.

Every landlord walked away with the prices they were happy with in record speeds. For us it really is that simple. We know exactly what we’re doing, and we have the team to get it done.

So if you’re a landlord looking to sell before the year ends, get in touch and let’s get the ball rolling.

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