Wil­sons con­sider sell­ing prop­er­ties

Kentish Express Ashford & District - - News - by Trevor Sturgess

FERGUS and Ju­dith Wil­son, Ash­ford’s big­gest land­lords, are con­sid­er­ing sell­ing a sub­stan­tial num­ber of their homes, it can be re­vealed.

Fergus Wil­son, who re­cently turned 60, ad­mit­ted this week that he did not want to be the rich­est man in the grave­yard.

The Wil­sons own more than 700 prop­er­ties across the county, but mainly in Ash­ford and Maid­stone.

They have made a for­tune from their in­vest­ment and made The Sun­day Times Rich List with as­sets val­ued at about £300 mil­lion.

Mr Wil­son re­vealed that a num­ber of prop­erty com­pa­nies had shown in­ter­est in buy­ing some of their port­fo­lio. About 300 prop­er­ties could be in­volved in any deals.

The fall in prop­erty prices – or at least a flat­ten­ing in val­ues of the typ­i­cal three­bed­room ter­race homes owned by the Wil­sons – has prompted them to con­sider a sell-off.

“We’re mak­ing our money out of cap­i­tal gains,” Mr Wil­son said. “If there is to be no cap­i­tal gain in the next three years, we might as well sell them now.”

Mr Wil­son said that as far as buy-to-let in­vest­ment was con­cerned, the party’s over.

The Wil­sons made their for­tune by in­vest­ing in a ris­ing mar­ket, with min­i­mal or nil de­posit. Now buy-to-let lenders, if you can find them – Brad­ford & Bin­g­ley now be­ing bro­ken-up was a ma­jor buy-to-let lender – are de­mand- ing up to 35 per cent of the pur­chase price.

“There’s not go­ing to be an aw­ful of cap­i­tal ap­pre­ci­a­tion in the next three years,” Mr Wil­son added. “You must think it’s time to go.

“My wife and I are quite clear, there won’t be much more cap­i­tal gain and we might as well knock it on the head as early as pos­si­ble.

‘’If some­body came along and we could get the right deal, we would be mind­ful to do it.”

Mean­while, the Wil­sons are still pur­su­ing their dream of de­vel­op­ing a re­tire­ment vil­lage at Boughton Monchelsea, near Maid­stone.

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Fergus and Ju­dith Wil­son are con­sid­er­ing sell­ing some of their homes

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