Monday, July 7, 2014
Fergus Wilson offers a helping hand
Britain's biggest buy-to-let landlords to sell entire portfolio of properties
Britain's biggest buy-to-let landlords, Fergus and Judith Wilson, are to withdraw from the property business, selling their entire portfolio of nearly 1,000 homes in the Ashford and Maidstone area in a deal likely to net the controversial duo at least £100m ... After quitting the property market, Wilson said he will offer to help the government on housing policy. "I might help sort out the Governments Housing Problem if they pay me enough money but I am not doing it for free! There is no magic wand to create overnight the number of houses required to overcome the Housing Crisis."
Posted by quiet guy @ 09:56 PM (3155 views)
5 thoughts on “Fergus Wilson offers a helping hand”
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libertas says:
Interesting. I bet he bought to benefit from capital appreciation due to high speed trains from Ashford. However, that link is now fully priced in and he maybe is looking elsewhere, but how stupid to sell everything all at once and announce it like that. This will reduce the price he can get, but he could have quietly disposed of the properties in small batches without pissing in his own market. This is almost as bad as Gordon Brown selling half of Britain’s gold reserves at the bottom of the market after announcing the sale beforehand!!
alan says:
Selling at the top of the market??
Dave says:
They know the yield from here will be terrible. In relation to hassle and overheads to maintain the portfolio and it’s total value . Makes perfect sense to sell.
sibley's b'stard child says:
My thoughts exactly Alan. They were conspicously trying to off-load as a bulk purchase (to wealthy Russians natch) back in 2008/09 which I assume came to naught. Thanks to our gov’s best efforts, the Wilsons won’t have to lose out on their juicy capital gains.
Viva the free market.
hpwatcher says:
how stupid to sell everything all at once and announce it like that.
Not necessarily. They are merely attempting to attract investors and buyers.
Selling at the top of the market??
Absolutely. It’s a clever move. They know that after the election, they will never get as good a price as they will now.
They obviously know what’s going to happen to UK property….