In what seems like a change to the tide, the property market showed signs of swinging in favour of landlords this month. Following what looked like a tricky time for landlords to sell, it seems that buy-to-let properties are back in demand, and they’re selling fast.
Last week we shared the news that a landlord based in Leicester had been able to secure a buyer through us in 16 days, with tenants in situ, completing her purchase within 15 days of an offer being accepted. This week has followed the same trend, with freehold houses in particular easily shifting in as little as 7 to 14 days.
When a Manchester-based landlord approached us needing to shift his houses, we knew we’d be able to deliver. Like many landlords looking to sell this year as a result of changes to regulations, rent caps, abolishment of Section 21 no-fault evictions, the Renters’ Rights Bill and more, he wanted to sell fast, but he didn’t want to take a huge hit on the price.
He came to us with 6 houses, 4 tenanted. One of them had major structural problems due to fire damage, making traditional mortgage financing impossible for potential buyers.
He chose Landlord Sales Agency because he knew that speed was crucial, but he also wanted to maximise his returns.
Our team of experts did what we do best, taking on the portfolio and immediately marketing it to our private database of buyers, as well as property buying funds and investors.
We sold the first property in 22 days. The second in 9 days. The third in just 7 days. And the rest followed in rapid succession.
For the one with the structural problems due to fire damage, we secured a cash buyer as mortgages had been declined from lenders, selling it just as fast as the rest.
Perhaps most impressively, we achieved prices £10,000 above expectations across the portfolio, enabling us to cover all legal costs and negotiate smooth transitions with the existing tenants. Only one eviction was necessary, in every other case, tenants remained in their homes under new ownership, creating genuine win-win outcomes for everyone involved.
The landlord even decided to sell his final property to his son, completing his total exit from the rental market exactly as planned.
Where everyone else is struggling to sell, we’re knocking it out of the park, and we’re doing it every single week.
Whatever condition your portfolio is in, we'll sort it, fast, for the best price possible, and completely hassle-free. We take landlord portfolios, navigate every legal and logistical hurdle, and deliver results that exceed expectations.
Ready to sell with maximum return and zero stress? Get in touch today.
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