2016 Trend
Five things you didn't know about living in the City
You might think of the City of London as a square mile of iconic towers and slick office blocks. Which of course it is. But there’s a lot more to this tiny city – one of only two London districts with city status – than banking, trade and financial services.
Settled by the Romans in the 1st century AD, the City was heavily populated right up until the 18th century. Today, there are only around 7,500 permanent residents in the Square Mile, but new transport links, the regeneration of several of Smithfield’s market buildings.
The City is criss-crossed with ancient alleys and passageways, each with a story to tell.
For example, on the corner of Giltspur Street and Cock Lane there’s a golden statue of a boy, marking the point at which the Great Fire of London stopped. The Great Fire razed more than 13,000 houses and nearly 90 churches.
Some of the best restaurants in London are to be found in the streets around Barts Square, including The Modern Pantry (St John Street), Club Gascon (West Smithfield), St John (St John Street), Smiths of Smithfield (Charterhouse Street) and Polpo (Cowcross Street).
Great old pubs include Ye Olde Mitre (Ely Place), The Hand & Shears (Cloth Fair) and The Jerusalem Tavern (Britton Street), where William Hogarth and Samuel Johnson were once regulars.
2016 Trend
Future office buildings: intelligent by design
There are lots of factors to take into consideration when letting your property out and if you’ve never done it before it can be a daunting task. Here are some of the things new landlords need to think about:
You are legally required to inform your lender that you intend to let your property out. Some mortgages contain clauses which won’t allow you to let on your existing mortgage, while others require notification to grant ‘consent to let’. How long do you want to let your property for?
Keep in mind that most corporate tenants want to rent for a minimum of two to three years.
If you are only letting your property out for six to 12 months, you may want to price it more competitively and avoid lengthy void periods. We work with inet3 which specialises in landlord buildings, contents and rent guarantee insurance.
Look at your property objectively as if you were seeing it for the first time. At the very minimum rooms are likely to need to be decluttered and repainted. To achieve a better rent, more works may be required – speak to your agent for advice. Make sure your property is adequately covered if anything goes wrong while your property is let, investigate options and costs for specialist landlord insurance.