Categories for Industry comment

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 >

Tenants at risk put landlords at risk!

May 26, 2016

According to a new report released earlier this month by Royal London, almost five million renters in the U.K. have no plans in place to cover their rent if they stop earning for three months or more. Many landlords often say that they only let to “private” tenants, but a private tenant may only be […] View article >

Landlords turn to agents as legislation becomes more onerous

April 13, 2016

Legislation for landlords to provide safe and compliant homes is constantly up-dating, but many landlords feel it is becoming more onerous and harder to keep up with. In a recent survey by Direct Line for Business, it was found that 10% of landlords have no formal tenancy agreement in place at all with their tenants. […] View article >

The positives and negatives of the Budget 2016 for landlords and property

March 21, 2016

Many landlords and property professionals were dreading the March 2016 budget, and it was again made clear that George Osborne has private sector landlords in his sights! We look at the Budget to find the positives and the negatives when looking from a property and landlord perspective: Negatives Stamp Duty Surcharge: The Stamp Duty 3% […] View article >

New Stamp duty for Buy to Let – what’s the cost?

March 9, 2016

With the additional 3% stamp duty tax coming into effect shortly for Buy to Let properties, there has been a flurry of property sales being processed prior to the 1st April 2016 deadline. The Government’s rationale for introducing the additional stamp duty charge is to increase the number of opportunities for first time buyers and […] View article >