Real Estate developer Knight Knox has launched a new online platform, designed to simplify the sale and purchase of buy-to-let property.
The purpose of Yieldit is to assist investors in selling certain property investments that may not be suited to traditional high street estate agents. According to the UK property investment consultancy, it has refreshed its resales arm with the launch of yeildit.
Yeildit will specialise in the sale of tenanted buy-to-let properties from investor to investor. Knight Knox states that is has access to 80,000 pre-qualified investors. It will operate on a nationwide scale and intends to revolutionise the market by providing a full-circle service, from valuation to completion.
Samantha Edwards, head of marketing at Knight Knox, commented: “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.
“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.”
Previously, the platform was known as Intus Residential. Now known as yieldit, the platform, based in Manchester has already sold over £26.3m worth of property across the UK to investors situated in almost 100 countries.
Ryan Hughes, head of sales at yieldit, said: “Having operated in the sector for the past decade, we realised that there was a real gap in the market for an easy and effective way to sell buy-to-let property.
“Feedback from clients told us that they were fed up of dealing with high street agents and buyers who don’t understand how the buy-to-let market works. 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.
“Being specialist property consultants, we’re well versed in the intricacies of buy-to-let and can therefore provide a service that’s bespoke to investors. 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, and we know from experience that this just doesn’t work.”