Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Sunday 11 September 2016 1:23 pm

Britain’s biggest buy-to-let investors have sold nearly half their £250m property portfolio

By: Lynsey Barber

Add as a preferred source on Google

A couple crowned Britain's biggest buy-to-let landlords have sold off nearly half of their £250m property portfolio and called time on the era of the "amateur landlord".

Fergus and Judith Wilson became notorious for buying up properties to rent when the buy-to-let boom kicked off in the 1990s.

Read more: Mapped: House price changes in each London postcode since the Brexit vote

By last year when they decided to sell up, the tycoons had amassed around 900 properties across the south east in areas such as Folkestone, Ashford and Maidstone.

The Wilson's last year revealed they were giving up the game, which they called a hobby that got out of control.

Now, the pair have sold off around 400 of the properties mostly to overseas buyers and around 50 going to tenants, the Financial Times reports.

Read more: Pension or property: Which is really better for your retirement?

"The day of the amateur landlord is over" he declared to the newspaper, saying that banks had tightened their lending criteria from the free-for-all 90s.

“If you were an amateur landlord in those days, as long as you could spell your name, you would get a mortgage,” he said."No one appeared to check anything. I wouldn’t say it is impossible but it is much tougher. Some [banks] are offering loan-to-value of only 60 per cent."

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Banking
  • Business
  • Property

Trending Articles

  • City sizes up mystery Mahmood

  • Oura Ring 5 vs Google Fitbit Air: The battle of the fitness trackers 

  • McMurtry Spéirling Pure: the £1m electric hypercar redefining what speed means

  • Tiktok ‘confident’ ahead of Ofcom child safety probe

  • World Cup demand pushes price of private jet charters up 30 per cent

More from City PM

  • Workspace urges investors to block ‘destructive’ Saba proposals

    Property
    Workspace Group said occupancy was down very slightly to 88.1 per cent, compared to 88.4 per cent at the end of last year. 
  • Right to Buy has been a huge success, of course the left hates it

    Opinion
    Modern apartment buildings representing social housing initiatives in urban development, highlighting sustainable architec...
  • Workspace slashes dividend as profit plummets amid new boss’ shake-up

    Property
    Workspace Group said occupancy was down very slightly to 88.1 per cent, compared to 88.4 per cent at the end of last year. 
  • FTSE 100 property firm slams ‘opportunistic, one-sided, inadequate’ takeover offer

    Property
    David Sleath, Chief Executive Officer, delivering a speech at a business conference with a focused expression.
  • Balbec Capital Acquires Funding 365, A UK Specialist Property Lender

    Business Wire
  • Saba ramps up demands for Workspace break-up

    Investing
    Boaz Weinstein, founder of Saba Capital, in a professional setting discussing financial strategies and market insights
  • Prologis ramps up pressure on FTSE 100 property giant Segro

    Property
    David Sleath, Chief Executive Officer, delivering a speech at a business conference with a focused expression.
  • England World Cup final run could see Brits spend extra £250m

    Sport Business
    Breaking news conference with business leaders discussing economic strategies, panelists seated at table with microphones.

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy · Facebook