Categories for Industry comment

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 >

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 >

Why rental demand is set to continue

June 28, 2017

With such economic turmoil – not to mention Brexit – on the horizon, landlords could rightly be concerned about the sustainability of rental demand across the U.K. However, at Northwood, we are confident that rental demand will continue, despite these issues. The first thing to remember is that we are a small island and many […] View article >

Northwood supports SAFEagent Awareness Week 2017

May 15, 2017

Here at Northwood, we are committed to professional standards within the private rented sector, and this is one of the reasons we became members of the SAFEagent Steering Committee, when SAFEagent launched 6 years ago. SAFEagent is a cross-industry and community initiative to signpost those lettings agents who have client money protection. This gives landlords […] View article >

Proposed Tenant Fee Ban & the General Election

May 10, 2017

The proposed tenant fee ban was headline news after the Chancellor’s shock announcement until it was usurped by the PM’s own announcement of a general election. This proposed ban will happen whatever the outcome of the election as all a mainstream parties support it. The Tories actually opposed Labour’s bid to impose a ban a few years […] View article >

Scotland – Energy efficiency and condition standards – update

May 1, 2017

In the first week in April, the Scottish Government published a consultation on introducing a minimum energy efficiency standard for private rented sector (PRS) properties. This mirrors what Westminster is doing in England and it’s refreshing to see agreement and joined up thinking. In England, minimum energy efficiency standards come in to force from 1st […] View article >

Why landlords need an agent

April 24, 2017

While landlords might once have chosen to manage buy-to-let properties themselves to maximise profits, recent changes to the law mean they may no longer have this option. The heavy legislation of today’s private rented sector means being a truly DIY landlord is now difficult to achieve. The Housing (Wales) Act 2014, for example, resulted in […] View article >

Scotland: Regulation & Mandatory Qualifications for letting agents

April 12, 2017

The lettings industry in Scotland has evolved in to a very diverse often complex marketplace, comprising solicitors, estate agents and accommodation agencies and of course landlords. This industry is undergoing seismic changes and Westminster is watching closely as it appears to be following Holyrood’s lead in modernising the entire lettings process and looking after tenant’s […] View article >

With our Guaranteed Rent service, no landlord would ever face this …

April 12, 2017

There have been a couple of media articles this month about novice landlords who have experienced a delinquent tenant creating significant damage to their property. The first case saw a grandmother in Kent return to her BTL investment property to find that the tenant had caused over £10K of damage. Mrs Gilbert said: “I’ll need […] View article >