Property News · July 8, 2014

How Fergus and Judith Wilson built a £100m rental property empire


The two maths teachers made a fortune from scratch in the buy-to-let market. What happened when it nearly fell apart?Normal people spend months agonising over the biggest purchase in their life – a house. But Fergus and Judith Wilson, the king and queen of buy-to-let, are not normal. In a few frenzied years up to 2007 they were buying a house almost every day, notching up nearly 1,000 properties around Ashford and Maidstone in Kent until the financial crisis turned off the tap of easy credit.In the early 1990s they were maths teachers at a comprehensive in Blackheath, and the switch into property speculation happened almost by accident when a house down their road came up for auction. They bid £98,000, rented it out, then used the equity from fast-rising house prices as the security to take on more and more loans. Continue reading…

Source : theguardian.com
Read more…How Fergus and Judith Wilson built a £100m rental property empire

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