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Tuesday, July 08, 2014

Fergus Wilson is selling up

Fergus and Judith Wilson, the King and Queen of BTL are set to abdicate. The famous Kent landlords are set to sell their entire property portfolio of nearly 1000 properties. The total portfolio is expected to go for over £100 million.
The Wilsons have hit the headlines over the years, most recently for sending out eviction notices to the majority of their housing benefit tenants.

Fergus said the bounce in property prices has made it a good time to sell, in an email to the Guardian he said, "We are selling up the whole lot! The market has recovered and passed the 2007 level."

A local estate agent to the Park Farm estate in the Ashford area where much of the portfolio is situated said that typical houses had recovered from their 2009 low of around £150k back to £185k.

Fergus Wilson has said he would like to go on to advise the government on housing policy. 

The question is, are the Wilsons calling the end of the property boom?

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