Information
Why London?
-
Global city: London is one of the most diverse cities on the planet. With over 250 languages spoken on the streets to multitude of cuisines and cultures, the world is your oyster here.
-
Entertainment capital: With literally thousands of bars, restaurants, theatres and museums, you are never short of things to do.
-
Educational excellence: Many of our clients wishing to purchase property in London have kids studying in some of the world renowned boarding schools and universities in the UK. We can even refer you to Educational Consultants.
-
Green spaces: You are never far from a patch of green in London - 47% of London is green for walking/running/biking or simply lazing!
-
East-West bridge: Our clients are global travellers, both for business and pleasure, and London's location means that you are a direct flight away from most cities in the world.
-
Excellent base to explore Europe: Spend weekends away in European capitals, with easy flight and train connections.
-
Investment opportunity: Properties in Central London have been sound investment even through the worst global crises the world has seen.
Why do I need a Property Consultant?
-
Short answer: We work for you! Not for the seller as the real estate agents do. So we offer unbiased advice and look after your interests all through the transaction.
-
Save time: We preview and shortlist based on your preferences, so you optimise time during a short visit to London to view properties.
-
Investment potential: We help you understand the cash flow with all costs and estimated rental yields/capital appreciation for a specific property before making an offer.
-
Any hidden risks? – London property and lingo can be highly confusing unlike say a condo in Miami. Are you fully aware what you are getting into?
-
Negotiating in a buyer’s market – Guiding you on the right price for the property and how much to offer?
-
Guidance: to all third-party services like surveyors/legal/financial advisors etc needed to complete the purchase.
Various types of London properties
-
Flats: The general British term for apartments, flats can be part of a large mansion block, a swanky high rise new-build, a boutique small development or a conversion out of a historic terraced house. A duplex flat with its own entrance is called a 'maisonette'.
-
Mews: These are pretty cobbled streets with low build townhouses, they were historically stables and tend to be low-builds often with parking.
-
Terraced house: Houses laid on multiple floors (some even span seven floors from basement to attic!). They usually have historic exteriors that are unchanged over the years and there are guidelines based on history what changes can be done internally as well.
Additional costs to consider
The biggest component after purchase price is the Stamp Duty. This varies time to time based on government guidelines but currently at a varying slab rate of 8-15% for international buyers. Additionally, there are legal costs for documentation and surveyor cost if a building survey is needed. There will also be financing and valuation costs if you are taking a mortgage.
The ongoing costs include maintenance and service costs (particularly for flats), council taxes, insurance, utilities and so on, we will advice you on the amounts based on the specific property you wish to buy.
