The last few days have revealed that whispers from Westminster about the introduction of National Insurance on rental income are gaining momentum. If the measure goes ahead, landlords could see an extra 8% shaved off their rents.
For an industry that’s been struggling in the last two years, combined with the fact that we’ve experienced an unprecedented slaughter from tax, red tape, crippling energy-efficiency upgrade requirements, stamp duty and Section 24, this feels like the final straw.
Indeed, every year the Treasury seems to find a fresh way to make letting property less rewarding and more of a headache. It’s no surprise, therefore, that landlords have had enough as they start to flock towards property portfolio exit specialists to get out. The rush makes sense: come Autumn, a new wave of landlords who’ve held off on exiting are set to flood the market with rentals in a mad clamber to get out.
So, why sell now? The most obvious reason is to “beat the rush.” When the number of landlords wanting to sell spikes post-Budget, property prices are predicted to plummet due to an oversaturated market. Securing your sale now to get you the highest price is a smart move. Market values can shift overnight. The market might be lower than before, but the key fact is it’s currently stable.
Sell a property now, and you’re looking at up to 90% market value. Wait, and there’s no guarantee it won’t drop; in fact, there’s a strong likelihood it will, and that drop could see you stuck, unable to take a lower price for at least the next 5 years.
At Landlord Sales Agency, we specialise in helping landlords sell quickly and profitably.
As a company set up by private landlords for landlords, we’re also committed to getting you the highest prices possible. You walk away with a figure you’re completely happy with, and we’ll achieve it on average in less than 28 days.
No matter what condition the properties are in, whether they’ve got tenants in or not, we can handle it. We’re experts in relocating tenants, overcoming every challenge your properties bring, and getting you the highest price regardless. We’re so confident that we can sell your houses for the prices you want that in some cases, we’ll pay for repairs by our in-house builders to get you a value that’s even higher.
Our reviews speak for themselves. So if you’re a landlord thinking that now might be the time to sell, you’re not alone. Over 150 landlords per month have been getting in touch with us to sell for precisely the same reason. The difference is whether you act now, or get left reacting when the Chancellor has already made her move.
We’ll be ready to help you either way, but it doesn’t hurt to get the ball rolling now.