Portico Property

As part of the Leaders Romans Group, we've once again been shortlisted for Best Lettings Agency at this year’s National Landlord Investment Show Awards! We are proud to be recognised for our commitment to delivering outstanding service and value to landlords and tenants across the UK. 🎉 Do we have your vote? If so, please vote for us by selecting Best Lettings Agency and ticking the box next to Leaders Romans Group > https://lnkd.in/egFdudpv Voting closes at 11:59pm on 4th November. #LISawards #lettings #bestlettingagent #shortlisted #voteforus

The property market is doing well and has once again proved many forecasters wrong, with house prices in particular performing better than was predicted! Find out more in our new article. #ukpropertymarket #predictions #forecasts #sellinghomes #londonproperty

🎙️ NEW PODCAST EPISODE! 🎙️ Hear from two senior branch managers as they discuss their career journeys and what they love most about working in the constantly evolving lettings industry. 🎧 Listen on Apple: https://lnkd.in/erbDkrjf 🎧 Listen on Spotify: https://lnkd.in/e2b79eW4 Interested in working in property? Find our job vacancies here > https://lnkd.in/eZcwXPYq #thepropertycrowd #propertypodcast #lettings #career

Our new quarterly Lettings Report is out now! 📣   Download your copy for FREE at https://bit.ly/3Y2DIRb   This quarter we are covering: Changing Tenant Requirements   Including: - HMOs - BTR - Accessibility - Tenancy lengths - Sustainable living   The report provides comprehensive data and analysis on the latest trends and developments in the UK lettings market, giving an in-depth view of market conditions over the last three months, including key metrics such as rental price fluctuations and regional variations.   #landlord #tenant #tenancy #report #uklettingsmarket #hmos #btr #accessibility #sustainability

Responding to the Bank of England's decision not to change interest rates today, Kevin Shaw, National Sales Managing Director at Leaders Romans Group (our umbrella company), said: "After a reduction in August, the decision not to reduce interest rates further in September was what we’d expected. "The impact of August’s cut has had the desired effect of changing sentiment towards affordability and we’ve seen a very positive revival in the last month. Instructions (supply) and applicant levels (demand) are both up year-on-year (11% and 7% respectively) and this has had a significant impact on sales - which are up 27% year-on-year across the Leaders Romans Group brands. "The Government’s, and the Bank’s, stated aim is to bring interest rates down further this year, and so we hope to see the second drop of the year at the next Monetary Policy Committee on 7 November and perhaps one further reduction before Christmas. "We need more than a single reduction of 0.25% to re-establish confidence across the market. Specifically we face the considerable ‘known unknown’ of the Budget on 30 October. We know that Capital Gains Tax and Inheritance Tax are likely to rise. But we’ve known this for some time and people have planned accordingly. The big questions surround Stamp Duty and other taxes, of which little is known. "A further reduction would bring a substantial benefit to the market – which, as the Government identifies – is crucial to the economic prosperity of the country." #interestrates #mortgagerates #bankofengland #ukpropertymarket

What does the Renters’ Rights Bill mean for landlords? And how does its policies differ from the Conservative's Renters' Reform Bill that was shelved before the election? Find out everything you need to know in our latest article. #lettings #rentersrightsbill #landlordsuk #landlordtips #rentalsector

New figures from Rightmove suggest the buy-to-let sector is becoming less attractive to investors. Allison Thompson MARLA, our National Lettings Managing Director, explained: "Section 24, alongside rising interest rates, is one of the greatest burdens on landlords today. By disallowing the offset of mortgage interest relief, landlords have faced mounting financial strain, which has contributed to the current housing supply challenges. Reforming Section 24 is key to relieving this pressure, encouraging investment in rental properties, and ultimately stabilising the market for both landlords and tenants.” Find out more in this article by MoneyWeek. #LRG #lettings #propertyinvestment #buytolet #section24 #interestrates

Today the Bank of England voted to reduce interest rates from 5.25% to 5%. Commenting on the decision, Kevin Shaw, our National Sales Managing Director, said: "The reduction in interest rates announced by the Bank of England today is good news for the property industry and the millions of people wishing to move, remortgage or get onto the housing ladder after a period of uncertainty. "LRG (our umbrella company) has seen positive trading in July, with sales figures strong and an increasing number of new applicants registering. Today’s decision is a strong indication that growth is here to stay. "There’s lot of pent-up demand in the market after months of political uncertainty and today’s decision on rates is the starting pistol that we’ve been waiting for. "After a good July, we look forward to an even better August and the likelihood, in many cases, of getting people into their new homes before Christmas." #bankofengland #baserate #interestrate #mortgages #movinghome

🎙 NEW PODCAST EPISODE! 🎙 Two of our Regional Lettings Directors, Chris Myers FARLA and Josh Turner, discuss what changes landlords can expect now that Labour is in power, including the Renters’ Charter, EPC requirements, and new housing targets. 🎧 Listen on Apple: https://lnkd.in/eHernaV5 🎧 Listen on Spotify: https://lnkd.in/eXuW3q6k #LRG #thepropertycrowd #propertypodcast #landlordsuk #lettingsexperts

We've shared what landlords can expect, now here's what we expect for home buyers and sellers with Labour in power. #labourparty #ukpropertymarket #buyingahome #sellingahome #propertyexperts