Fergus and Judith Wilson…much has been written about them of late, they have even been dubbed Britain’s ‘buy to let king and queen’. Having toyed with the idea of selling their huge property portfolio for several years they are now realising their exit strategy and dismantling their empire to cash in.
News first began to emerge of the couple’s plans to sell their property portfolio back in 2008. Many property investors will remember this year with little fondness. The financial crisis was truly upon us and, like many, even the Wilsons were up against it and seemed trapped by their portfolio.
Finding a Single Buyer for a Buy to Let Property Portfolio
Quite simply, they struggled then to find a single buyer; and even now they are forced into selling their portfolio off in smaller blocks and chunks. A time consuming process.
Like the majority of property investors looking to sell a portfolio, the Wilsons have mortgages to settle and a hefty Capital Gains Tax bill. They hope to walk away with a healthy profit at the end of the day, but still, imagine how much simpler life (and profitable) the disposal could be if they had a single buyer and a strategy to mitigate their CGT.
The Wilsons have recovered from the financial crisis that occurred and left many property investors high and dry, but what if you have not been so fortunate? What if you are in a position where an exit strategy seems impossible, or too costly to consider, but you want to close the door on property portfolio ownership?
What if Selling Your Property Portfolio….
Maybe you just want to maximise the return on those years of hard work… wouldn’t reducing your CGT liability be a boon if it were possible?
What if the Wilsons knew that there was an alternative, that they could find a single buyer, that there could be one straightforward transaction and a way of minimising their CGT liability? What if they had known of a way to have disposed of their portfolio whilst it was in a less than healthy position? Would they have taken it?
Of course neither we, nor you, can answer for the Wilsons but what if you stop and consider these questions of yourself? What would your answer be?
If you are thinking “can I sell my property portfolio?” then we would like to suggest that the answer could be a resounding “Yes”.
The best way to find out is to make contact with us today…..
Most landlords will at some point in their investment life ask that question. For the majority of us it’s just a natural part of the property investment journey. So – if you are asking, “Is it time to sell my property portfolio?” we hope you will find some useful information here.
If it is in your mind to sell, and that is part of your strategy, then what is stopping you? Let’s take one of the most common hurdles as an example and consider it.
One landlord recently came to us with a portfolio which had lost a considerable amount of capital value. Two of the flats were valued at £110,000 each when he purchased them from the developer as new builds in 2007. Now they have a value of just £55,000 – a drop of 50%. That is uncommon, and of course in time it’s possible that values may rise again. But in the meantime the landlord wants to sell. How is that possible?
We were able to propose a legal system which involved full management and care of the properties under contract, as if the property portfolio had already been sold to us and were our own, until the formalities of the purchase completed some years later. Since these two flats were part of a larger property portfolio, most of which were in a healthier equity position, our proposal was well structured and viable.
Would a solution like that help you sell, even if your property portfolio was worth less than the debt secured against it? If so, please don’t hesitate to contact us. We will be pleased to discuss the details with you further.
If you’re asking if it’s time to sell your property portfolio, but thought you couldn’t – now is the time to get in touch. We look forward to hearing from you.