Categories for Industry comment

Landlords’ hit as Chancellor targets mortgage interest tax relief

July 9, 2015

Many of the U.K.’s 2 million private residential landlords will see their net earnings reduced after the Chancellor, George Osborne announced a phased reduction in  mortgage interest tax relief in his summer Budget yesterday. In a controversial move that will, according to the Chancellor, ‘level the playing field for homebuyers and investors’, the amount landlords […] View article >

The famous footballer, a house and a Northwood For Sale board. . .

June 29, 2015

  The Northwood For Sale sign that appeared outside David De Gea’s house last week has caused a social media frenzy.  Rumours started  that De Gea, Goal keeper for Manchester United, could be heading back to his home town of Real Madrid. We can however reassure all De Gea fans that his departure is not […] View article >

A job swap with a difference

June 4, 2015

In an industry first, a member of staff from The Property Ombudsman and our very own Lauren O’Niell switched roles for a week.  With an aim of gaining greater understanding and knowledge of each other’s positions within the industry, it was a unique opportunity for both organisations. The ombudsman Christopher Hamer approached Northwood as part […] View article >

Proud supporters of SAFEagent Awareness Week 2015

June 1, 2015

As Founding Members of SAFEagent, we are delighted to support the 4th annual SAFEagent Awareness Week, running from 1st to 5th June 2015. This is an industry generated and supported campaign to raise awareness of the importance of only letting through an agent who has recognised client money protection in place.  Working with agents who […] View article >

Positive property market reaction as David Cameron returns to No. 10

May 13, 2015

There has been a collective sigh of relief from Landlords around the country as the threat of 3 year tenancy agreements, “rent controls” and the additional burden of red tape has been lifted, following the Conservative victory in the General Election. Vitality quickly returned to the London property market, now that the spectre of “mansion […] View article >

Rent arrears and landlord fears!

May 11, 2015

A poll conducted by Today’s Landlord has revealed that the biggest fear landlords have this year is unpaid rent. The survey showed that just under two-thirds polled believe unpaid rent is the biggest fear for landlords in 2015, while nearly a fifth fear property damage and 16.58 per cent are worried by the growing amount […] View article >

Latest landlord research provides insights into key trends.

April 27, 2015

The most recent gauge of landlords’ views on the current state of play in the  rental market and key trends has recently been released by Paragon. Here are some highlights: >The total number of buy-to-let loans in December 2014 was 18% up on December 2013, at 17,300 >45% of landlords surveyed expect tenant demand to […] View article >

“Accidental” landlords should consider professional support

April 13, 2015

Research from the National Landlords’ Association shows that 24 per cent of U.K. landlords – approximately 360,000 – came into the market accidentally or unintentionally. The survey asked landlords why they first entered the buy to let market: 11% entered by chance, for example through inheriting property; 5% acquired an extra property, for example when […] View article >

Lettings Industry & the consumer – Facts & Fiction

April 1, 2015

This week I managed to irritate the MP for Walthamstow via Twitter following a comment she made on a television program. I didn’t intend to do so, but sometimes you need to make a point. Specifically, Ms Creasey MP suggested agents charged as much as £4000 in tenant fees. It’s not the first time such […] View article >

A new breed of ‘silver landlord’ has arrived

March 18, 2015

Thanks to changes in pension regulations coming into effect in April people aged 55 and over will be able to access part or all of their pension pot.  At a time when stocks remain volatile and interest rates are low, the prospect of owning a rental property that provides both a regular income and appreciates […] View article >