Market Guide · London

How to buy property in London

The process, the costs and the things that catch buyers out — for London.

By the LPM desk · 7 min read

  1. Clarify your residency intentions

    Decide whether you are buying as a resident or non-resident of London — it shapes both the tax position and the process.

  2. Engage independent counsel

    Appoint a local lawyer and a tax adviser before you offer. Structure and succession matter at this level.

  3. Prepare proof of funds

    Source-of-funds evidence is required and is the most common cause of delay — arrange it first.

  4. Find the property — often off-market

    In London the best homes rarely reach the open market; a trusted introducer is how you see them.

  5. Offer and contract

    Agree terms and sign the local preliminary contract, typically with a deposit held in escrow or by the notary.

  6. Complete and register

    Title is verified and the sale registered; budget for local fees and confirm them in advance.

Important

This guide is general information for a design prototype, not tax, legal or financial advice. Rules change and circumstances vary — take professional advice specific to your situation before committing.

Common questions
Can foreigners buy in London?
In most prime markets, yes — though residency and tax treatment vary. Take advice for your own position.
What are the costs on top of price?
Legal, notarial and agency fees, plus any transfer tax — typically 5–15% depending on the market.
How long does a purchase take?
Usually two to three months from agreed offer to completion once proof of funds is ready; the off-market search itself often takes longer.