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Monthly Archives: September 2016

Largest Landlord In Britain Sells Huge Number Of Investment Properties

Fergus and Judith Wilson, landlords, have the largest portfolio of investment properties in the UK that they rent out. However, since 2015, they have sold a significant number of these properties that are located in Kent. Back in 2015, they owned in the region of 900 properties that they rented out with an estimated value believed to be around £250 million but since then they have sold in the region of 400 of the properties. Apparently, many of the properties that have been sold are now owned by people from overseas. However, a number have actually been purchased by tenants and that is excellent news. Those of you who are perhaps considering becoming a landlord for the first time may wish to bear in mind that, apparently, Mr Wilson feels that there are quite a lot of problems that the amateur landlord could encounter when it comes to purchasing and looking after a portfolio of investment properties that are being let out to tenants. Of course, no doubt there will still be a number of new landlords who are more than capable of owning and running a successful portfolio of rental properties. In recent years, the criteria to borrow money…

High Percentage Of Part Time Landlords

If you are a landlord you may be interested in reading about some of the things contained in a landlord survey carried out by the Council of Mortgage Lenders, the London School of Economics and BDRC. The results were compared with the Department for Communities and Local Government’s private landlord survey carried out in 2010. Apparently, there is a large percentage of landlords that look after their investment properties that they rent out as if they were a private individual or as a couple and view renting out property as a part time occupation. In the survey carried out in June 2016, 87% of those landlords agreeing to take part in the survey ran their letting property business as either a couple or as a single person. Back in 2010, that percentage was 89% so there has not been much of a change. In 2016, 95% of landlords taking part in the survey viewed their letting property business as a part time operation with this figure being slightly higher than the 92% that felt the same way back in 2010. The survey also looked at the percentage of landlords that owned one property in comparison to those that owned between…

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