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Open Property Group

We will buy any rental property or portfolio – tenanted or vacant.

Open Property Group are professional cash buyers with more than 100 years’ combined property investment experience and a managed portfolio of 150+ properties across England and Wales.

Since being established in 2014, we have completed on more than 1,000 transactions worth £129 million with an average exchange timeframe of 13.2 days.

As a landlord, you can trust us to provide you with a fast, seamless and hassle-free sale of any buy-to-let property of portfolio.

Our honest and transparent approach, alongside our excellent Feefo rating, means you can rest assured that you’ll receive a realistic cash offer and unrivalled service.

Whether you have one, two or 10+ properties to sell, we’ll negotiate a deal that works for all parties, including any tenants, within a completion period that works for you.

You’ll be charged ZERO fees and have NO laborious hoops to jump through.

Why sell your rental property to a cash buyer

  • Tired of managing buy-to-let portfolio?

  • Struggling to keep up with ever-changing legislation?

  • No longer a profitable asset?

  • Want to release cash to reinvest?

  • Want to sell your portfolio in one go?

  • Have a short lease?

  • Problem tenants in situ?

  • Your property is in poor condition?

The process is easy:

  • Contact us for a no obligation valuation

  • Receive an instant cash offer

  • Take as long as you need to decide

  • Seek external legal advice if required

  • Agree a timescale that suits you from the outset

  • We take care of everything else

With absolutely no fees to pay when you sell your property for cash to Open Property Group, you might wonder how we make money and the answer is simple - buying properties for cash with our own reserve funds, we either re-sell, refurbish and resell or absorb the property into our own rental portfolio, making profits that way.

Whatever your motivation, if you want to sell your rental property or portfolio fast, get in touch today.

Latest rental purchases

Two-bedroom terraced house in Leeds – Landlord wanted to sell his buy-to-let to release equity but the temporary ban on evictions meant he needed to sell with the tenants in situ.

Three-bedroom terraced house in Manchester – Tenants had fallen behind on rent and landlord could not afford to keep the property or go through the long process of eviction.

Two-bedroom semi-detached property in Exeter – Landlord wanted to relieve herself of an old buy-to-let property which had tenants in situ and required much improvement to meet the new minimum EPC ratings.

9 properties in Weston Supermare – Retiring landlords who needed a fast and hassle-free way to offload their portfolio comprising both tenanted and vacant houses and flats.

Spring into action and sell your BTL portfolio fast

19 April 2024 1643 Views

Spring into action and sell your BTL portfolio fast

There wasn’t much by way of good news in the Spring Budget for landlords and property investors last month.

Although some rumours were swirling around the potential suspension or even scrapping of the Stamp Duty surcharge for second properties, the extra 3% has remained in place, discouraging buy-to-let investment in particular.

For those who also have furnished holiday lets within their portfolio, these will no longer benefit from the current tax reliefs as of April 2025 and be treated the same as long-term residential lets for tax purposes.

If these announcements weren’t enough, the Chancellor added salt to the wound by giving the Multiple Dwellings Relief (MDR) a complete makeover.

Previously, a relief was available to those buying two or more properties in a single transaction. Now, to be able to make any kind of saving, six or more purchases is the sweet spot – either for an individual or buying group from June 2024.

Property experts are saying that this will further deter the supply and construction of up to 25,000 properties.

Have the stars aligned?

Perhaps the only positive change to come out of the Budget for landlords was the reduction in Capital Gains Tax (CGT) for higher-rate taxpayers, which has now dropped from 28% to 24% in 2024/25, while the basic rate remains at 18%.

Now the optimist in me sees some opportunity here. Despite the CGT allowance now being 76% less than it was 2022/2023 at just £3,000 per year, those higher-rate tax payers who were considering selling some or all of their rental portfolio now have an incentive to do so.

And if they have multiple properties in their portfolio, there will be a buying group or professional investor looking to cash-in on the six property sweet spot buy.

Furthermore, could the abolishment of the furnished holiday let tax regime boost the supply of long-term rental properties as landlords look to secure a regular income for less management?

So, while the announcements gave us little to shout about, we should always look for the silver lining.

Cash-in on CGT reduction fast=

If you’re now ready to save thousands in CGT by selling your rental properties, Open Property Group will provide you with an instant cash offer for one or multiple buy-to-lets.

With zero finders’ fees, agent fees or legal fees, you’ll save even more by selling to us too.

And if you’re a landlord looking to cash-in on a 6+ unit property purchase to benefit from the Multiple Dwellings Relief, our sister company, LandlordBuyer, may have just the portfolio for you.

Get in touch – we guarantee to buy any rental property in England and Wales, regardless of condition or tenure.

Get in touch

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