Wednesday, December 19, 2012

Guaranteed Rent | Housing the Bank of England chief: why a super pad in London is off-limits

Guaranteed Rent | Housing the Bank of England chief: why a super pad in London is off-limits
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Guaranteed Rent | Housing the Bank of England chief: why a super pad in London is off-limits With our guaranteed rent scheme our landlords benefit from a free property management service, where we vet all tenants and conduct regular free inspections. A semi in Richmond? A two-bed flat across the road from the Ritz? Or just a houseboat five miles down the river from the Bank of England? Whatever the case, the new governor from Canada will find that his £250,000 annual housing allowance stretches far less in London than in Ottawa. Guaranteed Rent After tax, the allowance will give Mark Carney, the incoming Bank of England governor, a monthly rent limit of a little more than £10,000 a month. But while this might be an eye-watering sum for most people, in the capital's super-heated property market, the Carneys will be excluded from many of the city's most exclusive addresses. His allowance falls a long way short of the most expensive rental now on the London market – a penthouse flat in Knightsbridge, with an extraordinary asking price of £216,667 a month. The estate agency Foxtons describes the property as having six bedrooms and "striking views" over Hyde Park, but Carney would have to raid the Bank's gold reserves to stand any chance of crossing its threshold. Guaranteed Rent Neither will the Carneys be rubbing shoulders with the financial speculators and billionaires who have bought into One Hyde Park, the complex opposite Harrods which offers flats fetching upwards of £65m. Savills has a five-bed flat in this block but the asking price is £195,000 a month. Guaranteed Rent It is a far cry way from Rockcliffe Park, Ottawa, one of Canada's most exclusive addresses and home to the Carney family when he was governor of the country's central bank. Stately mock-Georgian mansions in that area sell for around C$3m (£1.8m), a sum that would not stretch to a four-bed flat in Bethnal Green in London's East End. Foxtons is selling that "spacious warehouse conversion" convenient for Hoxton station, for £1.85m. The Carneys might have to content themselves with Dulwich Village, one-time home of the former Bank of England governor Eddie George. Properties available there include a five-bed mock Georgian house going for £8,500 a month rental on the estate where Margaret Thatcher once bought a home. View the original article here Our rent guarantee scheme provides you with between 1 to 5 years worth of guaranteed rental income. What’s more, there’s no catch and no fees involved. Contact Guaranteed Rental today on 020 8694 8098 to find out more.

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