Wednesday, 9 July 2014

Biggest Buy-To-Let Landlords to Sell Entire Portfolio

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 – and spark speculation that property prices have peaked. The Wilsons met with widespread condemnation earlier this year when it was revealed they had sent eviction notices to 200 tenants on housing benefit, saying they preferred eastern European migrants who default much less frequently than single mums on welfare. They first shot to prominence in 2006 when it was revealed that they had built up Britain's biggest buy-to-let empire, sometimes snapping up a property every day in the early part of the decade. Read more on the Guardian website.

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