‘Landlords will be annihilated’: Landlords selling amid warning

Very rarely do we as landlords see such a shocking warning, yet that was preceisely the news reported in The Telegraph, in an article which warned that the shortage of houses in the UK was going to force the hand of legislations in favour of pushing landlords out of business.

It went on to say that “the war on anyone who rents out property is not going to end. Quite the opposite: it’s only going to intensify. From price controls, to compulsory purchases, to higher taxes, this is not going to stop – perhaps until landlords are completely wiped out.” For any landlords on the fence thinking their businesses are safe, it finished the report by concluding: “Anyone who thinks that the tax rises and regulations of the last 10 years were as far as the state could go is kidding themselves.”

For landlords with unshakable portfolios, it’s possible to get through and continue, but for many of us who were struggling or downsizing, this is yet another indicator that perhaps it’s time to sell up a few more properties, cash in, and reinvest our wealth elsewhere.

This was exactly the case for one landlord who approached us to sell 4 properties in the North. The properties were tenanted, the tenants were paying extremely low rents, with the majority of the tenants being in the properties for 15 years without any rent increases. For these portfolio properties the approach was simple – increase the rents, offer a sale to any tenants who might be able to buy, and for the ones that were unable to meet the rent increases to match the local area, assist them in relocation using our network and links to local council services. Our team of experts know exactly how to handle portfolios such as these, with over 200 landlords approaching us every month to sell.

Properties with tenants in situ can be sold to new investors who have more financial reserves to cope with the regulation changes, and the rest are sold to first time buyers, allowing the landlord to recoup any costs plus profit. The key here is to reclaim as much equity as possible to pay back money owed and allow the landlord to walk away with cash in the bank to either reinvest or retire. That’s what we do best, and we have the results to show it.

Comprised of a team of the UK property industry’s leaders, we’re able to take entire portfolios off your hands, or sell individually, no matter what the tenant situation is, or the condition of the properties. Connecting your buy-to-lets with our database of over 30,000 private buyers, a network of nationwide estate agents and the very best local agents. Our process generates a bidding war to drive up prices to ensure you’re getting the price you want. Most of our properties sell within 21 days.

We’ll also manage the entire sale for you. We know that right now landlords are more stressed than ever before. That’s no problem for us. All you have to do is get in touch, and we’ll manage the entire protect for you including negotiating with tenants, creating video tours of your properties and even funding refurbs to get you higher prices, depending on the property. On top of that, we have a team of builders who can jump in and help and we’re happy to take on the costs – no problem, we’ll simply make those costs back on the sale.

While landlords still need to be realistic on price – it’s still a tough market – we’re extremely confident that we can get you what you need to exit the market, fast and successfully.

Another landlord approached us with a portfolio of 5 tenanted properties that spanned from Staffordshire all the way up to Newcastle Upon Tyne, he’d also read the recent news and was keen to exit the property market.

The first property sold in 2 days. 10 days after that 2 more sold. By day 24 the fourth property had sold in Durham, and by day 26 the last and final small property was sold in Lancashire. The fifth property was sold to a buyer who was so happy with the photos and the video tour we’d got from the tenant, he made an offer without even viewing the property.

The only task the landlord had done throughout the sale was make the decision to contact us to sell. We handled everything else.

It really was that simple. £500,000 made in 26 days with zero hassle, worry or stress.

So get in touch today: the “war on landlords” doesn’t look like it’s going to let up any time soon, it’s time to cut your losses, and start re-investing elsewhere.

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