Kent landlords Fergus and Judith Wilson Selling Portfolio Buy-to-Let

Kent landlords Fergus and Judith Wilson have announced they are selling their entire portfolio of around 950 homes in a deal likely to net them an estimated £100m.

The Wilsons told The Guardian newspaper the value of their portfolio, mostly around Ashford, had now exceeded the value it had in the pre-downturn period of 2007.

“We are selling up the whole lot! The market has recovered and passed the 2007 level. Who to? An intermediary is handling it. Is it China Money, Indian Money, Saudi Money? We will see. I am sure there will be much interest,” Fergus Wilson told the paper.

The Wilsons say existing tenants will be protected, with their rental contracts switched to the company or landlord that buys the portfolio.

The Guardian claims that rents in the Ashford area have also jumped from around £725 for a two-bedroom property six years ago to almost £1,000 now.

The paper says that the couple did not disclose the price they are expecting to obtain, nor the mortgage debt attached to them.

The Wilsons are never far from controversy. They hit the headlines in January by announcing they would be evicting all their tenants on benefits as they preferred to let to Eastern Europeans.