Categories for Industry comment

ALL Letting Agents MUST Join Redress scheme by 1st October

September 16, 2014

From 1 October 2014 anyone carrying out “lettings agency work” operating in England or Wales must belong to a government authorised redress scheme or face a fine of up to £5000.00. Any lettings agent, relocation agent, or property management agent not already a member of a scheme now has just two weeks to comply. For […] View article >

Sale By Tender – buyers beware!

September 15, 2014

Over the couple of years, many will have seen agents offering to sell your home for £200 plus VAT. They do this by employing what they erroneously term ‘Sale By Tender’. This method of sale has been used by agents for many years and is properly named ‘Sales by Informal Tender’. Simply, where some properties […] View article >

The Life Cycle of a Landlord

August 29, 2014

In our experience, being a residential BTL (buy to let) landlord has a fairly simple life-cycle of 4 distinct stages. 1.  Acquisition The acquisition stage is where the landlord is building their property portfolio.  It is important to build a sustainable business with strong foundations that focuses on cash flow, rather than capital growth. Finding […] View article >

Why House Price statistics are so confusing

August 29, 2014

House prices are just about static as the alleged slowdown increases according to Hometrack – but this claim contradicted by the Nationwide. How can this be? Hometrack reports says prices rose just 0.1 per cent for the second month running with London virtually flat-lining with just 11% of London postcodes showing month on month price […] View article >

Due diligence on Guaranteed Rent – 6 things to check

July 29, 2014

If you’re a landlord researching a Guaranteed Rent service, you’ll probably come across many different schemes. There are new companies and individuals springing up daily who claim to offer a “Guaranteed Rent” service – some promising to take over your property for up to five years  – but they are not all equal! Here at Northwood, […] View article >

Regulation of Letting Agents – the true story

July 28, 2014

For years, we have heard calls to regulate the lettings industry, but never more so than now. MP’s have rounded on the Industry supported by organisations such as Shelter and more recently the voracious Generation Rent. BBC Panorama ‘exposed’ many of the issues face by tenants with a focus on the emotive subject of evictions. […] View article >

The Definitive guide to Guaranteed Rent vs. Guaranteed Rent

July 21, 2014

For landlords looking for a fixed but reliable rental income from their property, the options and differences between the services on offer can be overwhelming.   This simple Guaranteed Rent vs Guaranteed Rent guide is designed to help landlords better understand the range of different services which are available when a landlord is looking for […] View article >

Guaranteed Rent? Help! Im confused. . .

July 17, 2014

With up to 1.2m landlords in England[i], there are as many different types of landlords as there are tenants.  However, despite the common misconception that landlords often own a large portfolio of properties, in reality 78% of all landlords only own a single property[ii]. This means the majority are in no way property ‘giants’ but […] View article >