Despite moments of silver lining, I think we all agree it’s a tough market for landlords. With changes to regulations, rent caps, abolishment of Section 21 no-fault evictions, the Renters’ Rights Bill and more, it’s no surprise that so many landlords are still thinking of selling.

For a landlord based in Leicester, that’s exactly the decision she came to after being a successful landlord for over 35 years.

Despite trying to keep up with the times and changes, she’d understandably had enough. Her properties, although occupied with tenants, hadn’t had their rents raised in 10 years. In one property, the tenants had been paying £480 per month when the market rate had raised to £850. A decade of losing money.

What’s more, the property was in poor condition, had no electrical certificate, no EPC and was at risk of fines from the council. Like many landlords, this wasn’t purposeful neglect, the constant changes to the sector had simply got the better of her, and the properties had started to become liabilities rather than assets.

She needed to sell, and fast. She also knew that the Renters’ Rights Bill coming in to effect at the end of this year could tip her situation over the edge, and didn’t want to take that risk. She was keen to sell now, for the highest price possible, before the market became unstable. That’s when she reached out to us at National Residential / Landlord Sales Agency to sell.

We see landlords in situations like this every month. We knew exactly what to do, and we delivered.

Taking all of the issues off her hands, we allocated our very best team to the sale, liaising with tenants and marketing to our huge database of private buyers.

We managed to secure a buyer in 16 days, to take the property on in its current condition, with tenants in situ, completing the purchase within 15 days of an offer being accepted.

A phenomenal result for a landlord who thought it would take months or even years to clear debt, cash in and get out, and we’re doing this every single week.

No matter what issues you might have with your properties, we take complex portfolios, navigate every legal and logistical hurdle, and deliver results that exceed expectations.

So, if you’re a landlord looking to sell with zero stress and maximum return, now is the time to act.

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