Metropolitan Crown History

The History of Metropolitan and Crown Estate Agent Ltd

To begin, we will give you a bit of Metropolitan Crown history.

Metropolitan and Crown Estate Agent Limted all started in a bedroom of our former director, Raj Miah in 2007.

Shortly after its inception, the company moved into a tiny office in Chrisp Street Market, Poplar, London E14.

This is where the brand slowly and steadily evolved. He knew that if you rush business, it could get messy and disastrous.

Hence, Raj always focused on slow and steady growth.

Most noteworthy, this is the reason for the company’s success.

After that, a website and a logo was made and business was underway in Tower Hamlets.

By 2014, the company started to expand and rebrand, updating its website and logo.

Then, in 2014 the business moved to the office located at 789 Commercial Road, Saint Anne Street, London E14 7HG.

Reationships with various London Borough Councils were made.

Implementing a system of continuity for the company was paramount and well executed.

It is still operating as this blog post is being written today.

Metropolitan and Crown History
Metropolitan Crown History

Becoming Leaders in Guaranteed Rent London

By 2014, Metropolitan and Crown had already become one of the leaders in London for the Guaranteed Rent Scheme.

This was achieved by becoming an official leasing agent for Tower Hamlets Council.

This title further expanded to the following London boroughs;

If you are a Landlord, contact us on 02075388887 for more information.

Remembering Our Founder

The founder of Metropolitan and Crown Estate Agent Limited was Mr Raja Miah.

Raj was born in Biswanath, Sylhet in Bangladesh in 1981.

Mr Miah moved to the UK at a young age.

To succeed in life was his ambition.

As a result, he studied business in college and immediately saw an opportunity in the property market.

He juggled his job working at TFL London Underground as a train driver while slowly building his company with family and friends.

Over time, he was able to employ a strong team during the decade that he established and managed Metropolitan and Crown Estate Agent Limited.

Above all, Mr Miah always looked after his family, friends, staff and acquaintances.

Metropolitan and Crown Estate Agent Limited is a testament to his success.

Mr Raja Miah was an entrepreneur and a philanthropist always putting others’ best interest at heart.

However, sadly, Raj passed away on the 1st of December 2018.

He consistently worked extremely hard to make this company what it is today.

As a result, his team continues to uphpold his legacy and continues to provide an exemplary Guaranteed Rent service to any Landlord in the M25 radius.

Consequently, he will be truly missed and never forgotten.

Above all, we would like to thank Mr Raja Miah for his dedication to his work of charity for everyone he met and knew.

Raj was a visionary and a true leader.

Our loving thoughts and prayers are with his family and friends.

We wish everyone all the very best for 2019…

Guaranteed Rent London E1

Guaranteed Rent E1

To begin, we’ll discuss the topic of Guaranteed Rent London E1.

Over the last 10 years, London has seen a significant increase in rent prices.

This increase includes the E1 districts of London.

These include; Tower Hamlets, Hackney and the City of London districts.

However, there are also predictions that a financial crisis is upon us.

For that reason, if property owners are looking to rent before a recession, this is the time to do so.

Metropolitan and Crown offer a Guaranteed Rent service that can help during an uncertain period.

Guaranteed Rent E1
Guaranteed Rent E1

Guaranteed Rent

If you are a Landlord in the London E1 area, Guauranteed Rent  may be the you need “peace of mind” you need.

Guaranteed Rent can ensure that an income is covering your mortgage, if you have one.

It also takes away the headache of chasing rent and avoids rent defaults.

Our Guaranteed Rent Scheme at Metropolitan and Crown Estate Agent Ltd is not through an insurance policy.

Therefore, you will not be waiting ages to receive compensation for any rent defaults.

To find out more about the benefits of our Guaranteed Rent Scheme, visit our company website for more information.

Alternatively, you can call us on 02075388887 to talk with one of our agents about Guaranteed Rent London E1.

Other Guaranteed Rent Areas

We also discussed Guaranteed Rent in Deptford SE8 in a previous post.

However, we not only take properties in these areas, but also anywhere within the M25 radius and further afield.

Contact us to find out more…

Guaranteed Rent Deptford SE8

Guaranteed Rent Deptford SE8

To begin, we will cover the topic of Guaranteed Rent Deptford SE8.

In Deptford, the current average rental value in Deptford is £558 per week according to Foxtons.

The rental price range in the area goes from £299 to £922 per week.

This is clearly a significant increase over the last 10 years.

Although, there are also predictions that a financial crisis is upon us.

For that reason, if property owners are looking to rent before a recession, this is the time to do so.

Metropolitan and Crown offer a Guaranteed Rent service that can help during an uncertain period.

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How Does a Recession Affect Rental Prices

As a recession hits, it becomes more difficult to borrow money.

As a result, many people looking to buy a property may find it also difficult.

Therefore, renting a property is the only option for many.

In regards to supply and demand, landlords may be able to command more rent.

Until there is a recession, nothing is for certain.

Guaranteed Rent

If you are a Landlord in Deptford SE8, Guauranteed Rent  may be the you need “peace of mind” you need.

Guaranteed Rent can ensure that an income is covering your mortgage if you have one.

It also takes away the headache of chasing rent and avoids rent defaults.

Our Guaranteed Rent Scheme at Metropolitan and Crown Estate Agent Ltd is not through an insurance policy.

Therefore, you will not be waiting ages to receive compensation for any rent defaults.

To find out more about the benefits of our Guaranteed Rent Scheme, visit our company website for more information.

Alternatively, you can call us on 02075388887 to talk with one of our agents.

Leasehold Concerns

Government Leashold Selling Concerns for New Homebuyers

First of all, there are Government leasehold concerns for homebuyers which shows that ground rents have increased.

According to the website The Negotiator, the follwing research was carried out:

“Research by the NAEA earlier this year suggested that 62% of leasehold house owners in the UK felt they had been mis-sold their properties.”

As a result, the Government is looking to stop the sale of unfairly sold leasehold houses.

This is following the recent scandal of over the 100,000 home owners who were found trapped in agreements that:

  • charged high ground rents
  • enforced unfair conditions
Leasehold Concerns
Leasehold Concerns

Government Leasehold Concerns Amount

The Government have collected data on leasehold properties in the UK.

The statistics show that there are approximately 4.2 million leashold properties in England.

Furthermore, out of those 4.2 million leashold properties, approximately 2.9 million of them are flats.

Several leasehold homeowners are facing increasing ground rents.

The Government have made reports of such claims and plan to act in the Landlord’s defence.

Typically, Freeholders make alterations to the properties by using ground rent fees.

However, the escalating ground rents are not helping leasehold owners to sell their properties.

Waiting for Government Change

In the meantime, Landlords can take action while waiting for Government change.

The process of implementing an act/law can usually take some time.

How long does it take? Visit the UK Parliament website for more details.

What are the options while you wait?

Options

If the option to sell your property is not currently available, renting your property is an option.

As a result, do your research to find the best possible solution to cover amounting costs.

An option that we offer at Metropolitan and Crown Estate Agent Ltd is the Guaranteed Rent Scheme.

It is an option that can offer “peace of mind” with a consecutive rental payment while you sort out your finances.

Head on over to our main website to find out more about our Guaranteed Rent Scheme.

UK Guaranteed Rent Explained

UK Guaranteed Rent Explained

First of all, UK guaranteed rent explained in a way that makes sense is important for Landlords to understand.

Metropolitan and Crown has been a provider of guaranteed rent in London and the M25 radius since 2007.

Therefore, we understand the guaranteed rent market and the variables offered by the many estate agents in the UK.

Landlords must ask the agent how they will be guaranteeing their rent before they proceed.

They might find that their rent will be guaranteed by way of a rent guarantee insurance policy.

The landlord will not be guaranteed the rent when something goes wrong.

If you have ever dealt with an insurance claim, when they might be completed is like asking the question;

“How long is a piece of string?” It could take an indefinite amount of time to complete… if the claim is approved.

uk guaranteed rent explained
UK Guaranteed Rent Explained

Due Diligence

It is important for all landlords to do their “due diligence”.

Ask the right questions before entertaining any estate agent that offers guaranteed rent.

Questions to ask could be;

1.) How is your company guaranteeing the rent?

2.) Does the guaranteed rent scheme cover void periods?

3.) Can your company afford to guarantee the rent if something goes wrong?

4.) What is the minimum term of the contract for your guaranteed rent scheme?

If a company is guaranteeing the rent by an insurance policy, there is no point in asking questions 2 and 3.

Consequently, the insurance policy will only cover you for any setbacks created by sitting tenants who have defaulted on their rent.

It is still worth asking  question 4 to see how long you will  be tied into the agents contract.

To conclude, as a landlord, it is important to find out what type of guaranteed rent an agent is offering, and carrying out your due diligence before letting out your property.

We will continue to post relevant information about guaranteed rent in the future.

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