According to a report in the Financial Times (FT) Sunday Fergus and Judith Wilson, who are Britain’s biggest buy-to-let landlords, are in negotiations with Chinese investors to sell their entire Buy-to-Let portfolio for somewhere around £250m.
The Wilsons, who are both former teachers from Kent, built-up a portfolio of around 1,000 properties and have told the FT that it is probable they will sell to one of their interested parties from China within the next month.
Mr Wilson has said they will go to the first buyer to offer the price they are looking for and someone who does not have to raise the cash. He is looking for a quick sale as he says that property prices are going up all the time.
Apparently, Mr Wilson has calculated the current market value of his portfolio of tenanted properties using the website Rightmove, a grand total of £250m, which is a minimum amount it seems he is willing to let them go for.
— LandlordZONE (@LandlordZONE) September 22, 2014