Categories for Buy To Let

Costs of running a rental property

November 15, 2017

When working out whether a property makes a viable investment or not, it’s important to understand the running costs on an annual basis. It is interesting to consider that the costs of running a property valued at £50K will be similar to the costs of running a property valued at £250K and that there will […] View article >

Selling a tenanted property and how Northwood can assist

October 27, 2017

When a landlord comes to sell a tenanted property, there is a dilemma to be faced. Should the landlord serve notice on the tenant to sell the property with “vacant possession” or should the landlord sell with the tenant in situ? Before deciding whether to sell a property with vacant possession, the landlord needs to […] View article >

Up-date: Financing becoming more challenging for portfolio landlords

October 25, 2017

As previously reported on the Northwood blog, the new Prudential Authority Regulations have been rolled out in two stages. The first stage, released on 1st January 2017,  dealt with “affordability calculations” and recommended that lenders increased what is known as the “stress test” rate for BTL mortgage coverage.  Lenders were advised to raise this from […] View article >

Government plans to regulate landlords and letting agents

October 3, 2017

This week, Communities Secretary Sajid Javid announced far reaching plans which will affect not just lettings agents, but also landlords. As ardent campaigners for regulation, Northwood is delighted at this news. Northwood Managing Director, Eric Walker, has been part of The Lettings Industry Council & The Fair Fees forum both of which have been lobbying for this […] View article >

It pays to be a compliant landlord

September 20, 2017

Did you know, that, as a landlord, in order to be compliant, you have to adhere to over 140 Government statutes and regulations? It’s worth noting that, even if you are employing a lettings agent on a fully managed basis, the buck stops with you. No one can divest a landlord of their responsibilities. So […] View article >

Expat landlords investing in UK property

September 12, 2017

The fall in the value of the pound against the Euro is making the U.K. property market increasingly attractive to expats. The pound has dropped by almost 15% against the euro over the past year and means that buy-to-let investors based abroad now get more for their money when buying property in Britain. The Skipton […] View article >

Type of property best for investment – flat or house?

August 30, 2017

When starting out in property investment, newbie landlords are confronted by a lot of choices, which can often be overwhelming. One such choice is whether to buy a house or a flat. Flats are often perceived by newbies to be a “safe bet” or lower risk. However, the answer to this evergreen question should be […] View article >

Buying an investment property outside of your local area

August 14, 2017

With higher prices and lower yields, it stands to reason that many seasoned landlords and new landlords are looking beyond London and the south east to buy investment property. Prices are generally lower, yields tend to be higher, and, with lower prices, the 3% stamp duty surcharge has far less impact. Buying a less expensive […] View article >

Stricter lending criteria coming into play for landlords

July 28, 2017

The financial landscape for landlords is changing due to new measures introduced by the Prudential Regulation Authority. The first roll-out was in January this year and the second tranche will be embedded by 1st October 2017. In essence, the changes will require lenders to ensure they have a fuller picture of the borrower, and a […] View article >

Landlords gain heavyweight support from Iain Duncan Smith

July 18, 2017

As we have been reporting over the past couple of years, landlords have been on Government’s radar with a number of new legislative changes that could impact future profitability. The most notorious of these has been the new tax regime Section 24, affecting sole trader landlords with mortgages, and the introduction of the 3% stamp […] View article >