Here are 10 tips on buying property in London. Relocating from one area to another, can often be difficult as can trying to find the best places to buy property in London. If you are moving to London soon don’t forget to request your free moving house checklist from us. Understanding the area you are looking to move to helps to make important decisions. It can also aide you when finding the best place to buy property in London. Property Expert and Director, Lucy Windsor from Princedale reveals her top tips on buying property in London.
My top 10 tips on buying property in London
1.) Shop around for the best Mortgage and get an approved ‘in principle’ agreement before you start your search. This will put you in a good position for buying property in London.
2.) Location, Location! Think about what transport links you need to be close to. What tube line is best for your commute? What are the best places for buying property in London based on your criteria?
3.) You may not have children or even be thinking about having children but it is worth looking at the school catchment areas. When it comes to selling on, proximity to a good school is a top priority for many home buyers looking for a new home in the capital.
4.) So you are buying property in London. Living in London doesn’t mean settling for a property on a busy road or next to a train line. Avoid noise at all cost, it will drive you mad and deter future purchasers when it comes to selling on.
5.) Most London flats are leasehold so its worth checking with other residents in the building on the quality of the property management.
6.) Get a survey done prior to exchange of contract. You don’t want any nasty surprises once you’ve completed the purchase.
7.) Only buy a property you can see yourself living in for a few years. In these uncertain economic times you need to be able to ride out any dip in property values.
8.) Check online websites such as the land registry to compare recent sale prices in your chosen area.
9.) If you are buying property in London then consider using a buying agent. They act on your behalf to get you the best property at the best price. Remember estate agents act for the vendor not the buyer so it makes sense to have someone in your corner.
10.) When you’ve bought your dream home, don’t move on a Friday. The roads tend to be busier and if you are using a removal company many will offer a discount on a midweek move.
It’s important to do your research when buying property in London. There are many different areas of London to choose from. Also are you looking for a house or flat in London? Once you have agreed your criteria you can then search the best places for you to buy property in London.
