Selling Rental Properties - National Residential
 

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Selling Rental Properties

As private landlords, we understand the sets of challenges landlords face selling rental properties with or without tenants and we have the best team in the business to help landlords solve their problems with least disruption to their rental income.


 

Different Ways To Sell Buy-To-Let Property

As has been widely reported, UK landlords are leaving the Private Rented Sector (PRS) for many reasons. From Section 24 and dwindling profits to tenant pressure groups and legislitative interventions – landlords all over the UK have had enough.

According to government data, in Nov 2024 31% of landlords have reported planning to decrease the size of their portfolio in the next two years, including 16% who were planning to sell all their properties but selling buy-to-let property isn’t as easy or straightforward as selling owner occupied properties so we have put together a guide outlining the selling options landlords need to consider.
Continue reading Different Ways To Sell Buy-To-Let Property →

Landlord sells his tenanted property portfolio with National Residential for £500,000 in just 26 days

David Coughlin, CEO of National Residential tells us why a landlord from Wandsworth is celebrating after we sold his entire portfolio of 5 tenanted properties in less than a month, releasing over £500,000 in cash with zero hassle, worry or stress while we sorted out any problems on his behalf.

It’s just one example of why we pride ourselves with our “any problem we can fix” formula, led by myself, founder and industry expert, David Coughlin.  

If you’re looking to sell your buy-to-lets, were the team to do it. We use a modern auction strategy with unrivaled managment throughout the whole process – from listing to money in the bank –  which combines great sales prices with the speed of auctions.

Continue reading Landlord sells his tenanted property portfolio with National Residential for £500,000 in just 26 days →

The best way to sell properties with awkward tenants

Take The Stress Out Of Trying To Sell A Property With Difficult Tenants

In these current times, there are a few challenges landlords may face when trying to sell their properties. Trying to sell a property while dealing with difficult tenants can be top of the list, but it doesn’t have to be.

It’s time to bring in the professionals to take those worries off your hands.

Continue reading The best way to sell properties with awkward tenants →

National Residential sell buy-to-let properties for the best possible price

Helping Landlords Sell – Fast, Hassle-Free, and for the Best Price

Founded by established landlords who understand the challenges landlords face—whether it’s problem tenants, access issues, or simply wanting the best price. At National Residential, we take the stress out of selling and have the expertise to solve every obstacle.

All our buyers are chain free and pay 2% (min £5000) deposits, ensuring that buyers, regardless of whether they’re first time buyers or landlords, are financially committed to the sale from the start and are able to complete quickly.

We are rated as 4.6 on Google and Truspilot with over 300 reviews so you know your property investments are in safe hands.
Continue reading National Residential sell buy-to-let properties for the best possible price →

Landlords We Can Help You Streamline Your Portfolio

landlords tax forcing landlords to sell up

Landlords face many problems, most relate to property and/or tenants however ongoing economic and legislative changes have added a lot more things for landlords to worry about. Shrinking returns, increased costs, more rules, more penalties and the prospect of fewer options to end tenancies have resulted in more and more landlords selling some or all of their rental properties.

Over the next 12 months 41% of landlords said they plan to sell at least some rental properties, compared to just six per cent saying they would buy

Why are landlords selling up?

  • Tax hikes: The UK government’s planned tax hikes are putting pressure on the buy-to-let market. 
  • Rising costs: Rising costs, taxes, and legislation are making it more attractive for landlords to sell. 
  • Mortgage rates: Mortgage rates have spiked and are expected to remain high for longer. 
  • Incentive repeal: The repeal of several incentives has put pressure on the buy-to-let market. 

How National Residential Can Help Landlords Sell Property With Minimum Disruption To Rental Income…

Our business is providing our clients with a FAST, SECURED WAY TO SELL PROPERTY AND COMPLETE THE SALE. Typically, the whole process from start to finish takes between 7 – 87 DAYS… i.e. less than 13 weeks.

What’s more, we also specialise in tenant negotiations and selling tenanted property with vacant possession delivered in time for completion to minimise the period a property is not producing rental income to offset running/purchase costs.

 

Continue reading Landlords We Can Help You Streamline Your Portfolio →

Section 24 – HMRC UK Tax Changes

Section 24 Means Buy To Let Landlords Can No Longer Offset 100% of Mortgage Interest Against Rental Income.

Section 24 - Her Majesty's Revenue & Customs logo Section 24 is a HMRC taxation change affecting what costs can be deducted from rental income to calculate ‘Net Profit’ – i.e. the figure counted as income and the figure that you will pay taxed against.

As tax relief drops and tax bills rise, in some cases* the annual sum of mortgage repayments and taxes will be more than rental income minus costs. Some landlords will need to sell at least part of their portfolio to avoid making SIGNIFICANT annual losses.

Chris Cooper of Axe The Tenant Tax said,
“A perfect storm is brewing in the rental market, landlords will either have to raise rents or sell because of the tax rises. Landlords are sleepwalking into disaster”.

According to Landlord Referencing UK, circa. 1.4 million landlords are unaware of the drastic effect it is going to have on their rental income and their tenancies over the next 4 years while RightMove research indicates 24% of landlords are already planning to sell at least one or more properties from their current portfolio in response to the new regulations and tax changes.

* See below for examples.

Continue reading Section 24 – HMRC UK Tax Changes →

Case Studies of Section 24 Buy To Let Tax Changes

Buy To Let Section 24 Finance Expenses, Tax Changes

NB. All figures are intended as a guide only. The calculations have not been confirmed by the HMRC however they are based on the formula given on the HRMC guidance – please see HMRC Case Studies re Section 24 Tax Changes

Anyone considering selling their property based on these figures should seek confirmation from their accountants. National Residential cannot be held accountable for any inaccuracies in the information given.

All case studies are based on before 2017 (i.e. before the tax changes come in force) or after 2021 (i.e. after the gradual changes have been phased in).

The 4 phases are:

  1. 17/18: 75% of finance costs deductible from rental income, 25% basic rate tax reduction for finance costs.
  2. 18/19: 50% of finance costs deductible from rental income, 50% basic rate tax reduction for finance costs.
  3. 19/20: 25% of finance costs deductible from rental income, 75% basic rate tax reduction for finance costs.
  4. 20/21: 0% of finance costs deductible from rental income, 100% basic rate tax reduction for finance costs.

As summarised on Section 24 – HMRC UK Tax Changes, the biggest affect to tax bills will be to people whose income is taken into the higher tax brackets however people whose tax remains the same could find that they lose some benefits as the amount classed as income will change.

As a general rule of thumb, the bigger the finance costs are, the bigger the effect of Section 24.
Continue reading Case Studies of Section 24 Buy To Let Tax Changes →

Selling Tenanted Property

 

selling tenanted property

As documented in Different Ways to Sell Buy-To-Let Property,  there are A LOT of decisions to be made and a lot of laws to be considered when landlords decide they want or need to sell their rental property and a lot of it depends on factors that are usually unknown at the start of the process – such as, whether the buyer you haven’t met yet is looking for a private residence or a rental property and whether they would prefer a sale with sitting tenants or vacant possession.

If landlords selling tenanted property choose to leave tenants in situ during the sale it could cause problems showing the property but if they vacate the property too soon, it could cost them thousands in lost rent.

The best option, of course, is to leave sitting tenants in situ as long as possible but not so long that it causes problems. Timing, speed and legal advice are all crucial to getting the best results for landlords selling tenanted property.

National Residential specialise in selling tenanted (& sub-tenanted) property, often with additional complications like short leaseholds or absentee freeholders.

Continue reading Selling Tenanted Property →

Ways To Sell Buy-to-let Property

As has been widely reported, UK landlords are leaving the Private Rented Sector (PRS) for many reasons. From Section 24 and dwindling profits to tenant pressure groups and legislitative interventions – landlords all over the UK have had enough.

According to government data, in Nov 2024 31% of landlords have reported planning to decrease the size of their portfolio in the next two years, including 16% who were planning to sell all their properties but selling buy-to-let property isn’t as easy or straightforward as selling owner occupied properties so we have put together a guide outlining the selling options landlords need to consider.

Evict Tenants | Wait For Tenancy to End | Sell With Tenants in Situ | The Landlord Sales Agency Way

Continue reading Ways To Sell Buy-to-let Property →

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