With interest rates starting to climb, and capital gains tax allowance all but erased, you wouldn’t be on your own if you were considering hanging-up your keys as a private landlord…
Rents might be rising, but so are the bills, and the legislation just keeps on coming!
Whilst the sales market appears to have peaked, there are still more buyers in the market than there is property for sale, so finding a buyer shouldn’t be out of the question.
For landlords in Nottingham, 2023 will mostly likely see the renewal of the city councils much-criticised Selective Licensing scheme, and with the capital gains tax threshold due to change in April, January might be an opportune time to come to market?
Selling your property however doesn’t necessarily mean having to give notice to your tenants…
Whilst you might want to sell-up, there are still some landlords looking to buy-in, so there’s every chance your tenants may be able to stay. In fact, selling a property tenanted can often be something landlords are specifically looking for. Even though mortgage rates have risen there are still a lot of professional landlords that are cash buyers looking to extend their portfolio.
Selling a property with a tenant needs to be handled with care, and Granger & Oaks have an outstanding track record. If you’re contemplating selling your investment, just drop us a line and we’ll talk you through the process to see if we can assist you. We’ll then arrange a time with your tenant to visit the property to provide you with an up to date valuation.
If you like to find out more, call us today on 0115 9629770 and speak to one of our Sales & Lettings experts.