In an almost unanimous decision, landlords are throwing in the towel, opting to take the cash and sell their property portfolios. It seems that the gravy train for buy-to-lets is well and truly over, and it’s time to put investment elsewhere.
Official figures based on capital gains tax data from HM Revenue and Customs seemed to indicate that landlords had already sold their properties at the rate of a whopping 8.5% more than originally estimated. And if that wasn’t enough to convince you it’s time to get out, The Guardian added the final nail in the coffin by confirming that the situation was so bad that even though landlords who sold buy-to-lets this year made £10,500 less than those who did so in 2022, clearly that was a small hit compared to the financial consequences of not getting out now.
Surging mortgages are in part to blame, with landlords unable to squeeze tenants for more rent to make the payments make economic sense, or in many cases, even just offset them. That plus new regulations, extortionate refurbs and mounting tax bills and the answer is staring at us squarely in the face: it just isn’t worth it anymore.
So what do we do? Well, if figures are anything to go by, despite the market dropping slightly, properties are still selling, and with the right portfolio exit company, you can still sell fast before the market drops even further. Put bluntly, it’s better to get 100% of 90% market value now, than 100% of 70% market value later. It’s time to take the no-nonsense approach, recoup your finances, and take action.
There are several options for selling your property portfolios, but there’s a reason over 200 landlords per month are reaching out to Landlord Sales Agency. We’re an industry leading, landlord’s choice, comprised of a can-do team of the best property experts in the country.
Created by landlords for landlords, we’re also the UK’s most trusted portfolio exit specialists. No matter what properties you approach us with for selling, no matter what condition, no matter what the tenant or refurb situation, we’ve got an entire team of experts and builders to get them sorted and sold for you. Repairs, access to the property, certificates, video tours: leave it with us. We’re able to overcome every single challenge to get your properties sold, and we’ve done it time and time again. All you need to do is call us, we’ll take the rest off your hands to get the properties sold faster than anyone else.
Our strategy is strong, focused and effective:
So if you want to sell, and need a trusted, reliable company you know are going to get the job done for you, no fuss, no nonsense, fast and for the best possible price, get in touch today.
There’s never been a better time to act than right now, and we’re the ones to help you get it sorted.