14:47 PM, 30th May 2022, About 4 months ago 26
Melissa Lawford, property correspondent at The Telegraph, has written an article about Mick Robert’s offer to gift his tenant’s the deposit to purchase their homes from him: Click here to read the article.
Mick also told the Telegraph that if a tenant couldn’t meet lending criteria for a mortgage he would reduce the sale price by 10% if the landlord purchaser promises to keep the existing tenants on.
Mick has estimated these offers could cost him up to £520,000, but it was worth it to avoid having to evict his tenants.
The Tax, Regulation, EPC and Licencing attacks by the government on landlords that we are all familiar with are forcing this decision to sell up.
“I would like to pack it in and sell up, but I can’t because my tenants won’t have anywhere else to live” Mick told the Telegraph.