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'fergus Wilson -Selling Semis And Putting Up Rents'-- Merged Threads

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Telegraph: Buy-to-let tycoon Fergus Wilson: 'I sold 50 Ashford semis to a Chinese estate agent'

Controversial landlords Fergus and Judith Wilson have sold 100 homes in Ashford, Kent, as they begin to unwind their vast buy-to-let portfolio.

But Mr Wilson who first told Telegraph Money in September 2014 that Chinese investors were among the interested buyers has now confirmed that one China-based investor bought 50 of the properties.

The buyer plans to sell them on to other, China-based buy-to-let investors, Mr Wilson said.

"He's selling them on in China on an individual bases," Mr Wilson said of the buyer. "I believe he had the other owners back in China already lined up."

The properties went for an average of £250,000. Most were already tenanted. Mr Wilson said he dealt with the buyer with the help of an interpreter.

[lots more...]

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I thought the delay might be investment bank / professional services setting up a special purpose vehicle. Maybe there is behind the scenes.

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Money's probably in the post.

China yanked bank its bank lending.

Doubt they'd let OK someone borrowing ~20M for some crappy houses in Ashford.

I call BS.

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100 gone, 900 to go?

is there some sort of dodgy selling scheme a la Challenor / property club type operation going in China to move them on?

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Money's probably in the post.

China yanked bank its bank lending.

Doubt they'd let OK someone borrowing ~20M for some crappy houses in Ashford.

I call BS.

Maybe it was just a particularly large order from his local Cantonese takeaway and he got confused by all the two digit numbers...

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It was a hundred yesterday.

All those sweet and sour chicken balls, prawn crackers, wonton soup etc. Easy to get confused with a big Chinese takeaway order.

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They love Fergus back East, or 'Brother Mother Hair Lolita Legs Fat' as they call him.

Here's a documentary crew in Ashford chasing a scoop.

brother-mother-hair.jpg

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It was a hundred yesterday.

It was, too!

Maybe the fat stnuc investment strategy is nothing more than early onset Alzheimers?

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Maybe it was just a particularly large order from his local Cantonese takeaway and he got confused by all the two digit numbers...

So you want number 17, number 45, number 89 and number 34? Which street?

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So you want number 17, number 45, number 89 and number 34? Which street?

PickupintwentyfiveminutesOK Street

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trouble with one Chinese buyer, you need another 20 to finish the deal a few hours later.

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Fergus flogging 50 semis. That's a mental image I don't want. :blink:

Is "flogging your semi to the Chinese" some kind of euphemism?

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My money is on fatty, has advertised 50 semis with a Chinese EA counting chickens comes to mind ,he's been on the verge off selling up since 2009

This

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why not make the houses part of a LTD company and just dump the lot in one go or clump 100 houses per ltd company ?

Edited by longgone

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