3 Essential Tips for London Buyers


London’s market is one of the fastest moving property markets in the world, so it is important that buyers are prepared to act quickly once they find the right property.

Pay attention

London’s property stock is predominantly sold on a leasehold basis. Buyers should read the whole lease and pay close attention to special clauses, which could include restrictions on keeping pets or the type of flooring allowed.

Be speedy

London’s market is one of the fastest moving property markets in the world, so it is important that buyers are prepared to act quickly once they find the right property. As prices are moving quickly upwards, your seller may want to ask for more money, or look for another buyer willing to pay more if the transaction takes too long.

Be prepared

At the point of making an offer, ensure that you present yourself in the best possible light to the seller: a letter from your solicitor confirming they are instructed, proof of funds for exchange and completion (bank statement for the full amount or an Agreement in Principle (AIP) from your bank confirming that you are approved for a mortgage) will definitely make a difference if you are bidding against other buyers.