Britain’s biggest buy-to-let owners, Fergus and Judith Wilson, have sold around 100 of their properties to Chinese and Indian investors, making some £25m.
The couple, both former maths teachers, plan to have sold almost half their 1,000-strong portfolio by the end of this year with the remainder being sold next.
Fergus Wilson, 67, said: “We have got another 20% to sell between June and mid-September.”
The couple, whose portfolio is in Kent, revealed they would be selling up last year.
They had initially hoped to make £250m for the properties but Wilson said he had lowered his estimation.
However, he said the properties so far sold had not been discounted, but sold at the market price.
Wilson announced last July that the couple – who at one stage were buying at the rate of a property per day – would be selling their entire portfolio.
Just one month later, in August, Wilson lost his appeal against a conviction for assaulting an agent, Dan Wells, of PLS (Property Lettings and Sales) in Folkestone.
Never far from controversy, Wilson also attracted headlines when he revealed that he had evicted all his housing benefit tenants, including those not behind with their rent.
Comments (5)
For a maths teacher either his maths is rubbish or he is lying; £25,000,000 per 100 properties is £250 million for 1000. He is on target
I suspect he has made less <£20 million for the first 100.
Well if he made 250k profit from eace sold property, that would make £25,000,000.
Personally I think he’s lying and just blowing smoke up the media’s ass
The numbers reported are different on EAT
Who cares apart from the Tax man
How do we know they have sold 100 properties, making £25m?