Sales and letting agency Portico has announced the launch of Portico Portfolio, a service that will allow landlords to invest smartly in property in a tax-efficient company structure.
The service will see Portico use their lettings expertise to create and manage bespoke, northern-based property portfolios for clients, which will be specifically designed to achieve high yields. The agent has partnered with London based Accountancy firm, Accounts and Legal, to handle the tax side of the operation.
Portico Portfolio is intended to help landlords or those sitting on savings invest in up-and-coming locations outside London, which offer lower entry costs and higher yields.
Data from the Portico Rental Yield Map shows that long-let rental yields in London range from 1.5% – 6.7%.
Compared to London, long-let rental yields up north are higher. Portico’s recent research shows that the average long-let rental yield in Liverpool is 8.3%, with the highest yield long-let rental yield in the city standing at an impressive 13.6%. In Manchester, the average long-let rental yield is 6.5% and the highest long-let rental yield is 7.6%.
Additionally, despite property price growth in London plateauing, forecasts show that the north-west and its key cities boast the strongest levels of capital appreciation in the UK over the next five years.
With Portico Portfolio clients will determine their investment budget (Portico Portfolio accepts those with £150k plus), then Accounts and Legal will set up a special purpose limited company to act as the investment vehicle with the client as the 100% shareholder.
To learn more about Portico Portfolio please contact 0207 099 4000 or firstname.lastname@example.org . Portico have properties available exclusively through Portico Portfolio, but they also source from the open market.