Latest news and views

Playing Fair: Northwood examines recommendations from the OFT

February 21, 2013

Last week the Office of Fair Trading (OFT) called for measures to be taken to ‘make the market work better for tenants’ and suggested a number of recommendations designed to help Government, industry and enforcers achieve this. As far as Nick Cooper, MD Northwood is concerned, not all lettings agents should be tarred with the […] View article >

The Generation Rent Game: Meeting rental demand through buy-to-let

January 18, 2013

Northwood’s financial director Gemma Goodson examines the current rental market. The UKhousing market continues to shift and change.  In 1995 home ownership was the norm, saving to buy for the first time took (on average) just one year and a 5% deposit was all that was needed.  Fast forward 18 years: 8.5 million people now […] View article >

Understanding Guaranteed Rent

December 3, 2012

Northwood MD Nick Cooper explains the intricacies of Guaranteed Rent. One of the worst scenarios facing a landlord is an empty property.  Whilst the landlord must make mortgage repayments each month, if a property has a void (empty) period and there are no tenants to pay the rent, this can cause a real cash flow […] View article >

Northwood Makes the News

November 22, 2012

Here at Northwood, we’re not ones to blow our own trumpet… BUT some things are worth shouting about.  Following our recent report, last weekend Northwood MD Nick Cooper was quoted in both Saturday’s Daily Telegraph and the Mail on Sunday on how unexpected costs are impacting on landlords.  The articles are both available to read […] View article >

The True Cost of Being a Landlord

October 23, 2012

A new report has found that private residential  UK landlords are losing £2.1billion a year because of unexpected costs. Northwood MD Nick Cooper takes a look at these hidden costs and advises on how to safeguard against them “More people are renting than ever before and this is only set to rise: 2013 will be […] View article >

Profiting from Buy-to-Let with Northwood

October 5, 2012

 Buy-to-let is a hot topic at the moment.  According to the Council of Mortgage Lenders, buy-to- let lending rose by 5% in the second quarter and in August alone mortgage lenders saw a 15%  increase in deals with landlords. After all, it’s an attractive proposition.  While the house sales market is flat, the rental sector […] View article >

To regulate or not to regulate?

August 1, 2012

Regulation: it’s a hot topic in the lettings world at the moment.  This week the debate continues with the shadow cabinet launching a policy review document of the lettings industry, considering different models to improve standards and practices in the private rented sector.  On the other hand, the current Government maintains that there is enough […] View article >

Guaranteed Rent provides Peace of Mind

August 1, 2012

“In recent weeks, you can’t open a newspaper or log on to a news site without seeing headlines about the increase in rental arrears.  The fact that falling wages and increases in the cost of living are putting a strain on everyone’s income have been well documented over the last 3-4 years, but recently, equally […] View article >

Marketing Matters

June 25, 2012

  Northwood’s UK Marketing Manager Melissa Willams explains why marketing matters. The core to any letting agent is its business practices and processes. Without professionalism, expertise and knowledge of the market, a company will not provide landlords with the services that they require or attract the tenants needed to fill their properties Gone are the […] View article >

Putting SAFEty First: SAFEagent Awareness Week

May 15, 2012

When a landlord is choosing a letting agent, one of their key criteria should be to pick one which will guarantee that their money is protected, should anything happen to the agent.  However, this is not always the case.  Whether it’s through lack of education or awareness, recent high profile cases of rogue letting agents […] View article >