Award-winning London based estate agency Young London (www.younglondon.co.uk) examines the recent rulings on MPs second mortgages and offers the ideal solution; a selection of luxuriously appointed studio apartments in the heart of Londons West End from only £250pw.
November saw Sir Christopher Kellys report outlining a new expenses system to clean up Westminster. These proposals are currently being investigated by external regulator Ipsa, whose Chairman Sir Ian Kennedy has since faced criticism for watering down Kellys reforms. One change, however, was immediately implemented; an end the controversial second home allowance.
Second Mortgage Expense Claims Banned
Although MPs are banned under the interim changes from claiming towards the cost of a mortgage, they will hardly be left destitute. MPs can claim towards renting a second property in the capital. Capped at £1,250 per month this is less than the median claim for MPs who rented during 2008-09. Kellys report also highlighted that rents in central London locations convenient for commuting to the House of Commons can be significantly lower than in Westminster itself, where the monthly rent of a one bedroom flat averages £1,582.
Young London points out that MPs wont have to look far for an affordable new abode. Thanks to a significant rise in professionals opting for pied a terre living during the working week, luxurious studio apartments and suites, representing great value for money, have become available in a variety of Londons prime locations.
Young London is delighted to offer a selection of luxurious studio apartments in exclusive Marylebones Devonshire Street. An easy walk from Westminster, the development boasts an unbeatable central location and the stunning period building has been superbly converted into a selection of luxurious, contemporary apartments, whilst retaining its striking 1930s historic facade.
The suites are designed to the highest quality and for utmost convenience; including cooking facilities, modern bathrooms and access to free on-site laundry facilities. In addition, all utilities are provided for a set weekly fee.
Neil Young, Young Londons CEO sums up; Devonshire Street offers comfort and convenience in equal measure which, combined with a fantastic location, equates to the perfect city crash pad – and for MPs, a potentially innocuous Westminster perk!
The Devonshire Street Apartments
This bright, stylish, new pied a terre on Devonshire Street is just a stones throw away from the west end; boasting a fantastic central London location in a highly sought after development. Offering a range of studio apartments, all are available with a modern bathroom and feature contemporary design throughout with an excellent finish on all appliances. All utilities, broadband, TV License and council tax are provided for a set fee.
Devonshire Street benefits from an onsite management team, a free of charge onsite laundry and ice machines located around the building. Residents also have access to a large lounge which features an integrated fully specced kitchen, dining area and seating area boasting a 52 inch plasma screen; available for residents to reserve, the lounge is perfect for entertaining guests.
Devonshire Street is just an 8 minute walk to Oxford Circus, which, with over 300 shops, including major department and flagship stores, makes up Europes busiest shopping street and places you in the heart of some of the best shopping in London.
Marylebone Lane, High Street and Village are also just a short stroll away and packed full of the very best cafes, restaurants, independent boutiques and high class retailers.
If you want to escape the hustle and bustle of the city, Regents Park is on your doorstep; the site of Henry VIIIs old hunting ground, the park today is the largest grass area for sports in Central London and also offers a wide variety of activities including, a boating lake, the world famous London Zoo, an Open Air Theatre and many cafes and restaurants.
Situated in the heart of the West End, Zone 1, Devonshire Street is just a 150 metre walk from Great Portland Street tube station on the Hammersmith and City, Circle and Metropolitan lines, whisking you to any party of the city. Regents Park, Baker Street, Oxford Circus and Warren Street tube stations are also just a short walk away. Marylebone mainline station is only a mile away and has frequent connections to Wembley Stadium, Aylesbury & High Wycombe. Extending this walk by just half a mile brings you to Brunels renowned Paddington mainline station which is well served by trains to Oxford, Heathrow, Bristol, and Cardiff and provides a quick, convenient escape from the city.
Thanks to its fantastic location, Marylebone is perfect for those that really want to make the most of having central London on their doorstep. At only a short walk from the shopping hub of Oxford Street, Marylebone village, some of Londons best parks and excellent transport links, everything is perfectly accessible to make the best out of life in the city, making this a perfect pad.