Reply to the comment left by Ian Clapham at 30/06/2021 - 17:11
Hi Ian - apologies for the delay but our sales team were out of the office on a training day yesterday and all calls were answered by Miss Moneypenny who are our call answering service. One of the team will give you a call this mornng. If I can help in any way, please drop me a direct main.
Thanks, David... Read More
Reply to the comment left by Investor at 06/03/2021 - 07:39
Hi "Investor" - that doesn't seem right at all. Can you please email details to me personally - [email protected] so I can look into this for you. We run a modern auction and we set Reserve Prices that are keener than estate agency valuations to sell quickler- but not usually around 90% market value - not 60%? so I want to check this out for you asap. Thanks, David... Read More
Reply to the comment left by Mick Roberts at 02/03/2021 - 09:52
Hi Mick, yes all those costs you mention quickly add. However, some professional landlords are really in control of their portfolios and have great tenants who keep paying rents and agree to leave with standard notice and they also have the builders/resources to take their time and refurbish and sell when empty for top price.
However, times have changed for most landlords. Tenants do not play ball unless you really win them over and selling with tenants is too challenging for many landlords. We go all out to get tenanted properties sold for best prices and completed fast. Saves costs and stressful headaches for most landlords for sure.... Read More
Reply to the comment left by NW Landlord at 02/03/2021 - 18:56
Hi, this really depends on the property but as a rule: where estate agents are listing properties at say £160,000 but are in fact selling for £150,000 in 3-6 months, we are achieving £140-145K in 28 days. We achieve on average 95% estate agent prices. Some HMO's of high standard we well for higher prices than Bricks and Mortar valuations based on yield - but that really depends on the condition and rental income being really very good. Happy to discuss anytime - hope that helps - David... Read More
Reply to the comment left by RL at 01/03/2021 - 10:43
yes - [email protected]... Read More
Reply to the comment left by at 26/02/2021 - 19:06
Lots for landlords to think about: (i) will CGT go up in budget so better sell now? (ii) will end of stamp duty holiday - now extended till June - dampen sale prices - again so better sell now?; (iii) Section24 and tax bills need paying - so better sell now.
It's decision time for lots investors and we are getting stuck in to help those who decide they want to sell.... Read More
Reply to the comment left by RL at 26/02/2021 - 11:56
Hi RL - happy to take any feedback on Mellors?
They have just completed on a sale for another Property-118 member in just 25 days (sold in 6 days; completed in 25 days - £15K over guide) - so the can deliver amazing results with our team.
Please let me know what issues/expereince you have had so we can fix and improve :-)... Read More
Reply to the comment left by Chris Harris at 16/01/2021 - 08:45
Lol 🙂 my bad - we would all become tenants in a flash :-)... Read More
Hi Clair, (and thanks Neil for a plug)
In my experience you will get the best price if you sell the property vacant and fix it up before selling with the best local agent over a 3-6 month timescale.
However, if you have to sell with a tenant in place, or need to sell it quickly (eg tax deadlines/bills or for other reasons), then you need to choose wisely.
Most local agents will ONLY market to other landlords who will usually offer less then owner-occupiers, whereas we have found that we can achieve higher prices from landlords by putting landlords and owner-occupiers in competition with each other to drive up their offers. In the end we get the best prices from both owner-occupiers and from landlords and we work hard at getting the best deal for the landlord and a win-win for the tenant.
For example, if the owner-occupier offers £120K and a landlord £110K - you have £10K extra and you could offer the tenant £203K to leave voluntarily and end their tenancy sooner than the current S21 notice (via a Deed of Surrender) - leaving you £7-8K better off.
We do this all the time. However, we secure the sale with the buyer first by taking a deposit so it does not leave the landlord at risk of being out of pocket.
Finally, the purpose of marketing tenanted sales to landlords and owner-occupiers is that the best offer from a landlord might have been just £100K and the higher bids from owner-occupiers pushed landlords' bids up to £110K (the whole point of the auction) - and estate agents simply do not engage this strategy - we do.
If you would like a free valuation and any help, I would be very happy to get one of my team to look at it for you.... Read More
Reply to the comment left by Chiew Loo at 13/01/2021 - 23:08
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Reply to the comment left by DALE ROBERTS at 09/01/2021 - 10:12
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Reply to the comment left by RL at 09/01/2021 - 10:50
Hi RL - happy to look at the property for you and see if this is our bag and if we can help. We do sell HMO's and commercial but our niche is residential BTL and HMO's and other agents might have more experience and a bigger database of would-be buyers so do a better job than us - but let me have a look. Drop me an email... Read More
Reply to the comment left by Jonathan Clarke at 09/01/2021 - 10:07
Hi Jonathan - I will take a look at the wording on the website with my marketing team and take on board comments to make content more clear. We are an auction that ask clients to give us an 8 week contract - but our average selling time is just 28 days and has been for many years so we use that at the marketing 'hook' - and we make no apologies for that. We also do buy properties for cash but only about 5-10% clients take the cash offer as we can get them a much higher price and still very quickly and as we also offer clients cash advances so they do not need to sell quickly for a big discount for the sakes of just needing £10-50K to sort out some financial matters - most clients do not take the 75-80% cash offers. I will look again at how we write the content to make this even clearer so thanks again. David... Read More
Reply to the comment left by DALE ROBERTS at 08/01/2021 - 19:00
Hi Dale - we have massive challenges trying to help clients sell with these dreaded EWS1 and cladding issues. It's usually the case that to sell now 'as is' with the cladding issues still present; only cash buyers will buy and the prices are too low for owners. The best solution it to wait until issues are fully resolved and an EWS1 report is provided to enable sales to go through with mortgage lenders. However, in London or university towns we do have cash investors who will 'take a view' - so if you want a 2nd opinion I'm happy to look into it for you any time. Drop me an email or call me.
Thanks - David... Read More
Reply to the comment left by Jonathan Clarke at 20/12/2020 - 09:57
Hi Jonathan, yes - Trev has kind of covered it but I would go a step further as say because we sell some properties several times in the same year (buyers can pull out for various reasons so we resell through our 28 day auction) - we get different sale prices every time. the best we can do - same as every other auction - is to discuss a potential sale price and set a reserve price.
when we purchase as a company we are only able to afford to pay 75%-80% of what we believe we can resell it for - depending on the Stamp Duty Rate - to make a profit and cover risks. We have paid more for HMO's with 20-30% yields.
hope this helps?... Read More
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Bio
CEO and founder of National Residential (a property trading and modern online-auction company, founded in 2006, that has bought and sold 1000's of properties in the UK).
I am also a highly experienced landlord with a large portfolio of over 100 properties for which I use the very best agents and experts to manage as efficiently as possible.
I am also founding member of NAPB and I work with the world class industry experts such as Paul Shamplina (Landlord Action); Property118 and other landlord associations to provide the very best possible service to property landlord clients to buy and sell properties and to overcome all the issues they inevitably face.
My personal mission is to build my business on platform of providing landlords and property sellers with the best service to buy and sell their properties/portfolios quickly and efficiently for the best prices; and link them up with the best industry experts who provide all the services and support needed to maximise profits on their portfolios and property investment strategies.
I want to help landlords so please do not hesitate to contact me any time.
https://www.linkedin.com/in/davidcoughlin
12:51 PM, 30th October 2025, About 3 months ago
Hi Ann,
You’re absolutely right to compare both routes before deciding.
If your bungalow is in good condition and you’re not in a rush, a good local agent will usually achieve the highest price — especially as detached bungalows tend to attract owner-occupiers rather than investors.
Traditional auctions can be great for speed and certainty, but the trade-off is usually price. In most cases, they achieve around 75–80% of what an estate agent might achieve, because buyers are limited to those able to pay deposits, complete unconditionally, and are often looking for a deal.
Our approach is a bit more flexible. To achieve both the best price and a certain sale, we often partner with the top-performing local agent and market the property to both their private buyers and our nationwide database of cash and auction buyers. That combination often achieves around 85–90% of full value, while keeping the same speed and certainty of an auction sale.
If the local agent we partner with finds a buyer at the price you need, great — their buyer still pays a deposit and follows our fast completion terms, which helps avoid long chains and fall-throughs.
Happy to chat through options or share a few examples if it helps.
David Coughlin
National Residential... Read More
17:12 PM, 28th July 2024, About 2 years ago
I thought I'd also share this from my HIGHLY REPUTABLE & COMPETENT FCCA accountant (Stephen Hennessey) who assessed at least 6 incorporation companies/schemes before we selected Property118 solution.
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Hi Dave,
This message from tax advisors (forbesdawson.co.uk) that I have used shows that the Cotswold Barristers Bridging Loan planning is not thrown together as some have said in the press. It is based on sound use of existing tax reliefs.
The weakness is the reliance on an Extra statutory concession which HMRC could withdraw or deny.
However, I hope this gives you some comfort that Cotswold and 118 are not the bad guys here.
https://forbesdawson.co.uk/articles/2024/07/26/whats-so-bad-about-bridging-loans-in-a-section-162-incorporation/
Kind Regards,
Stephen Hennessey – FCCA... Read More
16:08 PM, 24th July 2024, About 2 years ago
Reply to the comment left by Bemused at 24/07/2024 - 16:00
Agreed
For example, Trusts are set up for landlords to defer tax and pass property to children etc. Are they also 'getting away with it'?
Obviously not! And that's because 'they' are using (tried and tested and ingrained) 'Trust' mechanisms that are in place to allow them to make the most of rules available to save/defer tax.
Maybe this (incorporation procedure) is simply not as tried and tested (as Trusts are) for property specifically (but has been used for other business incorporations for decades - or longer?) because property portfolio landlords are simply using procedures now (and not before) and that might be very annoying HMRC but that's their tough luck?!
In my opinion... Read More