How to Buy Property in London | Step-by-Step Guide by Buy UK Homes
Learn the step-by-step process to buy property in East London or anywhere in London with Buy UK Homes. Expert guidance to find the best houses for sale in London and make your property purchase seamless.
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Step-By-Step Guide By Buy UK Homes
Before you begin your journey to buy home in London, it’s essential to establish your objectives:
- • Purpose of Purchase:
- Are you looking for a personal residence, an investment opportunity, or both?
- • Property Type:
- Decide whether you’re interested in houses for sale in London, planning to buy a flat in London, or seeking other property types.
- • Preferred Location:
- Determine if you’re drawn to the dynamic atmosphere of East London or other areas within the city.
Step by Step process
Step 1 – Initial Consultation & Property Selection
Discuss your preferences and budget. Choose the right property from our portfolio of new build developments.
Step 2 – Reservation Fee Payment
Pay a 1% reservation fee (typically between £5,000 and £20,000 depending on the property price) to secure the unit.
Step 3 – Hire a UK-Based Solicitor
Engage a UK-based solicitor (lawyer) to produce the legal documentation required to complete the purchase.
Step 4 – Contract Exchange
28 days after the reservation fee is paid, settle 10% of the property price (minus the reservation fee). Contracts are exchanged, making the purchase legally binding.
Step 5 – Remaining Payment at Completion
The final 90% balance is paid upon completion of the property.
Step 6 - Key Handover & Aftercare Support
Once complete, the property is handed over. We offer continued support with management and rental services if needed.
What We Offer
Why Choose Buy UK Homes?
Our local presence means that you can meet our team in person, discuss your goals, and explore investment opportunities in London property and beyond, all in a familiar environment. This proximity also allows us to provide real-time updates and support, making the entire process smoother and more efficient for you.
Whether you’re interested in houses for sale in London, looking to buy property in East London, or exploring other UK real estate investments, our Bangkok office serves as a convenient starting point for your property journey.
What We Offer
Can foreign buyers purchase property in London?
Yes, foreign nationals can buy property in London without any restrictions. The UK property market is open and welcoming to international buyers. We specialise in assisting clients worldwide through the entire process of purchasing property in London.
For more information, visit the UK Government’s official guide on buying property.
What are the best areas to invest in London?
Houses for sale in East London are particularly attractive due to significant growth and development in the area. East London offers excellent investment opportunities with its vibrant culture and ongoing regeneration projects. We provide insights into various neighborhoods to help you choose the best location for your investment.
How long does the property buying process take?
The timeline can vary, but it typically takes 8-12 weeks from offer acceptance to completion when purchasing houses for sale in London. Factors such as legal processes, mortgage approvals, and property surveys can affect the duration.
Ready to start your property journey in London? Contact us today to schedule your free consultation.
Have more questions? Check out our full FAQ section for more insights and information about buying property in London.
