Tue Oct 15, 2019 London
X

The Steeple Times is an online magazine with a following of upto 880,000 unique views per day on our best day yet.

  • We have 91,000 daily subscribers by email.

  • We typically average around 320,000 unique views per day.

  • We currently have 65 contributing authors who range from students to the actor, writer and producer Steven Berkoff and the champion jockey Frankie Dettori.

Combining a mix of society's last word and both wit and wisdom, The Steeple Times covers food, drink and fine dining as well as luxury, travel, the arts, individuals of influence and current affairs in the United Kingdom, America and elsewhere. We are best described as being akin to "a cross between The Huffington Post and Private Eye".

 

The magazine's following is affluent, engaged and international. With 41% of readers coming from the UK and 38% from America, The Steeple Times also has strong presence within Canadian, Italian, German and Australian territories.

 

THE FOG

The economy, politics and current affairs Money, power and its guiding forces

Buying to bank

As well known buy-to-let tycoons Fergus and Judith Wilson sell up, we ask: “Has the British property market peaked?”

 

Known as “Baron and Baroness Buy-to-Let”, Fergus and Judith Wilson were the kind of role models those who watch daytime shows such as Homes Under the Hammer aspired to be. With this week’s announcement that they’re selling their 900-house portfolio, could this be indication that the property market has reached its peak?

 

Fergus and Judith Wilson are selling up
Fergus and Judith Wilson are selling up

Former maths teachers, Mr and Mrs Wilson – who live modestly and drive a secondhand Land Rover – began buying when house prices were low in the early 1990s. Their portfolio is primarily of new-build 2 and 3 bedroomed properties and in the main they are located in Ashford and Maidstone in Kent.

 

This duo regarded their “sprawling fiefdom” in the M20 corridor as their “babies” and of selling, Judith Wilson commented: “I’ll miss them terribly when they go”. Said to be “dogged by complaining tenants and court cases (Mr Wilson, a 22-stone former boxer, was convicted of assaulting one of his former letting agents)”, they are asking between £230 and £250 million for the combined market value of their houses.

 

Said to be selling because Fergus Wilson is “not in the best of health” and as their daughters don’t want the “hassle” of owning the properties, this couple look set to make £90 million after paying off outstanding mortgages and the taxman.

 

Could there be more to this story? We think so. As one of our contributors, a respected financier, has previously predicted, the property market has most definitely peaked. Fergus and Judith Wilson could be getting out at just the right time.

 

 

Subscribe to our free once daily email newsletter here:[wysija_form id=”1″]

 

Comments

0 comments on Buying to bank

Leave a Reply

Your email address will not be published. Required fields are marked *

  • Subscribe Daily Newsletter

    @ 2019, thesteepletimes.com. All rights reserved.