Categories for Industry comment

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 >

Scotland: Landlords need to be aware of biggest changes for a generation

April 4, 2017

The private rented sector in Scotland is about to see it biggest change for three decades with the introduction of the The Private Housing (Tenancies) (Scotland) Act 2016. The two key objectives are to provide tenants with better security of tenure and to allow local authorities to intervene in what are described as ‘rent pressure […] View article >

No landlord need face this …

April 3, 2017

There have been a couple of media articles recently 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 done over £10K of damage. Mrs Gilbert said:   “I’ll need […] View article >

Is It Too Late to Become a Buy-to-Let Investor?

April 2, 2017

Until recently, buy-to-let was one of the most popular choices for people who had spare income and wanted to invest wisely. Becoming a landlord has a lot of appeal – not only do you get a regular rental income but you also own a property that should realistically increase in value over time. Last year, […] View article >

Landlords – How the tenant fee ban could affect you

April 2, 2017

The Government is going to ban tenant fees and landlords may wish consider the potential effect on them. Background The Government has made it clear that the ban on fees to tenants will proceed as soon as possible. What is not clear, and will be the subject of imminent consultation, is whether charges may be banned as well. […] View article >

Landlords should look at the small print in the Budget 2017

March 10, 2017

On a superficial level, the Spring 2017 Budget, delivered by the Chancellor Philip Hammond on the 8th March, seemed not to hold much interest for the property sector. A number of commentators observed that he only mentioned the word “housing” once throughout his hour long speech.  This did cause some consternation amongst property professionals, as […] View article >

Housing White Paper – landlord perspective

February 8, 2017

Yesterday, the Government released the much anticipated Housing “White Paper” which laid out their plans to fix a “broken” housing market. From a landlord perspective, the paper was notable in its lack of recognition of the important part that private landlords play in housing the nation. The focus of the paper was very much on […] View article >

Landlords you should be checking your EPC rating!

January 30, 2017

We have previously mentioned a number of changes that landlords need to be aware of – namely Section 24 tax changes, new regulations, and the implementation of the PRA for mortgage lending. See – Three challenges landlords need to be aware of – and how to solve them However, on a more distant horizon, there […] View article >

Working with a lettings agent can save landlords money!

December 19, 2016

There are many reasons for landlords to work with a reputable letting agent, and it may come as a surprise to learn that it could even save them money! There are now over 140 Government statutes and regulations that relate to letting out a property.  The fines for non-compliance are already significant, but come 2017 […] View article >

Tenant fees ban announced in autumn statement. What next?

November 30, 2016

Following the shock lettings fee ban announcement last week by the Chancellor, an industry Working Group  have come together to help make the “political will of the Government” work. Northwood alongside other key players in the property market are working in conjunction with representatives of Shelter, Residential Landlords Association, Greater London Authority, Ombudsman Services: Property […] View article >