What the interest rate rise will mean for the property market

The Bank of England has increased its base rate from 0.25% to 0.5%, the first rate rise in 10 years – here's how the rise will affect the property market, according to the experts. What Does Today's Interest Rate Rise Mean For Your Mortgage? Most people's mortgage deals are either fixed-rate or variable. A fixed rate deal is for a set period, whereas with a variable rate deal, the interest rate can move at the discretion of their lender. If you have been on the same mortgage deal for quite … [Read more...]

Property for sale in Battersea

3 bedrooms, 2 Bathrooms | Austin Road, Battersea, SW11 £985,000 (Share of Freehold) Three Double Bedrooms Top Floor Penthouse Two Bathrooms Incredible City Views Communal Pool, Gym and Squash Courts Concierge Service A spacious duplex apartment with incredible views of the London skyline. The spacious property for sale in Battersea boasts an impressive 1183 square feet of accommodation (approximately) and briefly comprises; secure lift access, internal hallway, three double bedrooms, … [Read more...]

IS NOW THE TIME TO SELL YOUR HOUSE IN NAPPY VALLEY?

  Dear NappyValleyNetter,  To sell or not to sell? That is the question, says Georgina Blaskey. Recent reports suggest the property market isn’t behaving itself. According to the press, there are lots of houses on the market and they’re proving slow to shift. Is this true? And if so, why? Is the Brexit effect still hanging over us and forecast to do so for the next two years? Have we just had so many years of booming property that we don’t know what equilibrium looks … [Read more...]

What To Consider Before Airbnbing Your Home

Airbnb can give you an extra income – and it’s never been easier. Whether you’re on holiday, away on business or staying at a partner’s house, Portico Host is now on hand to deal with the hassle.  We spoke to London Airbnb management company, Portico Host, to find out everything you need to know first… Self-Manage or Outsource? Being an Airbnb host can be an extremely rewarding experience, but it’s also a full-time job. From photography and setting up the property listing, to … [Read more...]

Here’s what Londoners ACTUALLY know about the property market

New survey results published by Portico London estate agents reveal: -          One in four Londoners don't know the current interest rate -          Two thirds of Londoners are unaware how long it takes to sell a London property   Leading estate agent in Battersea, Portico reveals survey results from its London-wide, multiple choice property quiz, carried out in August and September 2017. The question with the most incorrect answers was: 'How many days, on average, does it … [Read more...]

Portico comments on the new buy-to-let mortgage lending rules hitting landlords this month

Portico’s Regional Director, Mark Lawrinson, comments on the upcoming buy-to-let mortgage changes: Under the new rules, if you want to make an application for a buy-to-let-mortgage on a new rental property, the lender will have to look at your entire property portfolio when they decide what mortgage deal they can offer on a single property. For example, if you have six properties and four are generating enough rental income to cover mortgage payments and then some, but the other two are … [Read more...]

Team Talk

Enthusiastic rugby players, and now sponsors, Rampton Baseley are backing the Ironsides When it comes to rugby, you will have to go a long way to find a more committed fan than Patrick Rampton. The former London Scottish player is so passionate that virtually every business analogy that comes out of his mouth relates to the rugby field. This irritating habit reached new heights during the recent Lions’ tour. I really do think that Paddy honestly believes that he could have done a better … [Read more...]

The Ultimate Property Quiz

Fancy yourself a bit of a property guru? Put your knowledge to the test with Portico’s quick, 10-question quiz! If you complete the quiz with a score of 80% or higher you will be put into a prize draw. One lucky person will then win a £100 John Lewis voucher and the opportunity to sell their house for free - potentially saving tens of thousands of pounds in estate agent fees! Portico will select a winner at random on Monday 4th September.  View the T&Cs. Good luck! Click … [Read more...]

When Will Interest Rates Rise?

The bank rate was cut last August to 0.25%, down from its already record low level of 0.5%, where it had remained for more than seven years.  Will 2017 be the year that interest rates eventually rise?  Portico estate agents recently attended the Landlord Investor Show, where The Sunday Times' Economics Editor, David Smith, gave his expert view on when he expects interest rates to rise and by how much. Here’s what he had to say…   What are your thoughts on the long-term … [Read more...]

Revealed: 10 London Areas Tipped For House Price Growth

  Portico’s property experts pick 10 London property hotspots for now until 2021 (ranked in no particular order) Portico reveals the highest potential rental yield in each hotspot area, with Forest Gate offering the highest yield at 5.5% and Southwark with the lowest at 3.6% The experts also highlight the signs that show when an area is on the way up - infrastructure investment, trendy delis or cafes opening up and young professionals moving in . 1. … [Read more...]

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