Categories for Industry comment

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 >

Finding certainty for landlords in an uncertain world

October 31, 2016

The vast majority of the 2 million landlords in the U.K. – 97% – are determined to be “small” landlords.  These are landlords with 3 or less rental properties, who typically work in full time employment and have many commitments in their everyday lives which keeps them very busy. Their properties are often mentally put […] View article >

Staying legal in lettings – are you a compliant landlord?

August 19, 2016

It can be difficult, as a landlord, to know what your obligations are and what legislation applies to you. This is especially true if being a landlord is not your business, as shown by a report conducted by Kate Faulkner with the support of the TDS Charitable Foundation showed. The report highlighted that many landlords […] View article >

Long eviction times causing landlords stress

July 4, 2016

There has been some alarming press coverage recently suggesting that County Court bailiffs, along with the courts themselves, can take up to 45 weeks to evict a tenant. According to Ministry of Justice figures, the statistics are based on possession claims for the first quarter on 2016. Clearly, these long time-frames to regain possession of […] View article >

New surveys highlight landlord “stress points”

June 14, 2016

Two new surveys have highlighted landlord stress points, re-enforcing how lettings agents can assist in reducing landlord anxiety. According to a new report, Right to Rent is causing landlords extra stress and worry, especially in areas of the U.K. with a higher than average percentage of immigrants. Research from the Residential Landlords Association (RLA) shows […] View article >