The LOFAR Two-metre Sky Survey (LoTSS) is a sensitive, high-resolution 120-168 MHz survey of the Northern sky. The LoTSS First Data Release (DR1) presents 424 square degrees of radio continuum observations over the HETDEX Spring Field (10h45m00s $ 0.15$) of 7.9%. We also find that, at a given redshift, there is no strong trend in photo-$z$ quality as a function of radio luminosity. However there are strong trends as a function of redshift for a given radio luminosity, a result of selection effects in the spectroscopic sample and/or intrinsic evolution within the radio source population. Additionally, for the sample of sources in the LoTSS First Data Release with optical counterparts, we present rest-frame optical and mid-infrared magnitudes based on template fits to the consensus photometric (or spectroscopic when available) redshift.