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.

Landlord Tax Breaks

Landlord Tax Breaks for Longer Tenancies

First of all, the Government may announce landlord tax breaks for longer tenancies.

The Conservative “think tank” known as Onward has shared this information.

Furthermore, the Government proposed idea, which is coming from Downing Street, derives from the following:

According to the Letting Agent Today website;

“Landlords would not have to pay capital gains tax when selling to tenants who have lived in a property for three years or more.”

As a result, the Government has proposed an incentive for Landlords offering this option and condiering other options too.

Landlord Tax Breaks
Government May Announce Landlord Tax Breaks

Tax Breaks May Be Considered

The UK Government must be seriously considering these tax breaks for Landlords.

Therefore, as talks continue, the Government have written a consultation document called;

“Overcoming the Barriers to Longer Tenancies in the Private Rented Sector”

The consultation document may be worth reading if you are a Landlord, as a law may apply in the future.

Reason for Landlord Tax Breaks

The Government proposed a number of options to promote the three year tenancy model.

The Reason;

The demand for longer tenancies from the growing number older people and families in the private rental property market.

One of the options the Government has proposed a financial incentive that could quicken the implementation process.

This could be an option rather than a mandatory 3 year tenancy agreement.

Nothing is yet conclusive, but the UK Government will continue to discuss this matter as they welcome suggestions.

Conclusion of Landlord Tax Breaks

In conclusion, the Government have considered Landlord tax breaks for those who considered longer tenancies (3 years).

Furthermore, there are financial incentive options that may also appeal to exisiting Landlords.

There is an article written back in March 2018 that discussed a Housing Crisis for first time buyers.

As a result, there could be a correlation between foreign property investors and any incentives or tax breaks considered by the UK Government.

As a Landlord, it is always important to stay informed and do your research.

We will continue to offer property related information to those interested in the property market.

Property Refurbishment

Taking on New Properties to Let

To begin, a landlord may consider property refurbishment options before they rent their property.

Sometimes landlords may be provided a property by a landlord that needs a refurb before the property is let.

Consequently, a landlord may not have the money to carry out a refurb.

Fortunately, there are options out there that can assist landlords.

property refurbishment
Refurbishing A Property

Property Refurbishment Costs

As previously stated, it may become quite costly to refurbish a property to an acceptable standard.

The following refurbishment issues may need attention:

  • painting
  • new carpet/flooring
  • kitchen refurb
  • bathroom refurb
  • plumbing maintenance
  • electrical maintenance
  • gas maintenance

Maybe it is one of these issues or a combination of them, but there is always a property maintenance issue on the horizon.

Refurbishment Options

So, there are property refurb options that are available to landlords. Some are obvious.

A landlord can choose the option to take on the full cost of the works and contact the contractors.

A good place to find contractors to refurb your property is a site called MyBuilder.

Anyone can find local tradesmen in your area and find out who will provide reasonable quotes.

Alternatively, a landlord can do the work themselves if they can do so.

The works can be done this way quickly or slowly depending on the landlord’s lifestyle.

Another option is to split the cost with a reputable property management company.

If so, carry out your due diligence and request quotes from them for the works.

A final option would be to allow the property management company to take on the full cost of the works.

Again, carry out your due diligence and request quotes from them for the works.

There may be an option to deduct the cost of the works to be paid off over time.

Conclusion

To conclude, know your property refurbishment options and do your research.

Call us Metropolitan and Crown Estate Agent Ltd on 0207 538 8887 to find out more.