OPG were approached by Mr M who owned a portfolio of houses in Wigan, Greater Manchester. The landlord had a mortgage which was nearing expiry and the bank were not willing to renew the mortgage. The financials were no longer viable due to the large increase in interest rates during 2022.
The property were mainly pre-war, and older housing stock with some of the properties being in disrepair, and with tenants in situ.
Open Property Group are professional property buyers and we have acquired multiple portfolios during 2022 and will continue to assist landlords and homeowners who want a quick and hassle free property sale. If you are selling a property or portfolio, please speak to the specialists today.
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