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Noel Wood

Business owner

202 Profile Views

About Me

Mathematics teacher for 10 years before establishing an independent residential letting agency in Yorkshire in 1996, moved into residential sales 2010. Business now managing circa 600 residential lets and built up a personal BTL portfolio over the years. Married with 5 children. Enjoys cycling, theatre and travel.

my expertise in the industry

Residential lettings since 1996. Residential sales since 2010.

Noel's Recent Activity

April 1st is tomorrow.

From: Noel Wood 31 March 2020 08:43 AM

I agree with Kristjan above. If you don't have a mortgage then BTL is great investment. If you do, and you are not incorporated, then it is a challenge particularly if and when interest rates move up. I was highly geared with 30 BTL properties in my own name built up over 20 years, I have off loaded 14 to date with the aim of selling 4 more in the next 24 - 36 months. There has been zero capital growth in our area so CGT not a big issue with many properties. If you can have an unencumbered portfolio then the prospects for BTL are good as the supply reduces and the resultant upward pressure on rents.

From: Noel Wood 08 January 2020 16:58 PM

I've had my legs bitten by cat fleas, carpets smell of dog even after a professional clean meaning they have to be replaced, doggy do in the garden, chewed door architraves, floorboards wet with urine, once had a snake left behind in a property- it goes on. When a tenant vacates it is impossible to recoup the losses so the risk has to be mitigated at the START of the tenancy. No pets, I'm sorry but I have seen and paid for too much pet damage over the years to take the risk any more.

From: Noel Wood 06 January 2020 12:25 PM

It is no coincidence over the last 12 - 18 months that when a tenant provides notice to vacate, the landlord requires a sales valuation. The continuous conveyor belt of changes in legislation - both compliance and in particular tax - is grinding the will of good landlords down. The rogue landlords will not be bothered as they will continue to be just that, rogue and off the radar of the authorities.

From: Noel Wood 20 December 2019 13:29 PM

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