Following feedback from investors who have had difficulty selling their investments through traditional high street sales agents, Knight Knox has announced the launch of yieldit.
The online property platform will look at tenanted buy-to-let property sales from investor to investor on a national scale and will offer a comprehensive service, from valuation to completion.
“The buy-to-let sector continues to grow, and we have been aware for a long time of the need from our investors for us to provide an exit strategy for their investments,” said Samantha Edwards, head of marketing at Knight Knox.
“Whether they’re looking to add to their existing portfolios or divest their investments in order to capitalise on the strengthening UK property market, the simplest way to achieve this is to sell or buy to like-minded individuals who already understand the nature of the sector.”
With a global presence and access to a network of over 80,000 pre-qualified investors, yieldit focuses primarily on tenanted properties to generate instant income for investors. The business will work on a ‘no sale, no fee’ basis and provide free online valuations.
Ryan Hughes, head of sales at yieldit, said there was a gap in the market for an easy and effective way to sell buy-to-let property.
“Feedback from clients told us they were fed up of dealing with high street agents and buyers who don’t understand how the buy-to-let market works,” he added.
“Yieldit takes away this hassle by working with buyers and sellers who see the financial potential of a buy-to-let property and don’t get distracted by the little things, such as the colour of the curtains or whether they like the flowers in the garden.”
According to Hughes, the problem with most of the major online and high street chains is that they treat investment property the same way they treat your average house. “We know from experience that this just doesn’t work.”
Previously known as Intus Residential and based in Manchester, yieldit has sold over £26.3 million worth of property across the UK to investors from 100 countries.