Can I afford a mortgage in London?

Many London buyers are surprised by how much they can borrow. With the right lender and advice, mortgage payments are often comparable to rent. We'll run a full affordability check as part of your free initial advice.

Do I need a huge deposit for a London mortgage?

Not necessarily. Some lenders accept 5% deposits, and shared ownership lets you buy a share with an even smaller deposit. We'll explore every option.

Is your London mortgage advice really free?

Initial advice is free. Many London brokers charge £500-£1,000+; if a broker fee applies to your case, we explain and agree it upfront before submission.

Can you help with high-value London mortgages?

Yes, we work with specialist high-net-worth lenders for properties above £1 million and complex income structures.

Which London lenders allow the highest income multiples?

Several lenders offer 5.5–6x income for professionals (medics, lawyers, accountants) on £75k+ in London. We identify which lender gives you the largest borrowing for your profession and circumstances.

Can I get a London mortgage with foreign income or visa?

Yes. A handful of lenders accept Skilled Worker, Innovator and dependant visas, and some accept overseas/non-domiciled income. We match your visa and income type to the right lender.

How does shared ownership work in London?

You buy 25–75% of a property and pay subsidised rent on the rest. London has more shared ownership stock than anywhere else in the UK — we advise on the best mortgage lenders for the scheme you're looking at.

Are leasehold flats in London harder to mortgage?

They can be — lease length, ground rent, cladding, and service charges all matter. We screen the lease before applying and pick lenders comfortable with the building.

Do you help with high-value or large London mortgages?

Yes. For loans above £1 million we work with private and specialist lenders, including interest-only and bonus-led affordability cases.

London, Greater London

Mortgage Advisor in London

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Mortgage Advice in London

London's property market presents unique challenges — from high prices to complex affordability requirements. Our advisors specialise in helping London buyers find competitive rates, whether you're a first-time buyer using a shared ownership scheme, a professional upgrading in Zone 2, or an investor in the capital. Initial advice is free, and if a broker fee applies to your case we explain and agree it upfront before any application.

London Property Market

Average Property Price

£523,000

Popular Areas

WalthamstowBrixtonHackneyPeckhamStratfordCroydonGreenwich

Our Mortgage Services in London

First-Time Buyers

Expert advice for first-time buyers in London. We'll guide you through every step.

Learn more about First-Time Buyers

Remortgage

Switching your London mortgage? We compare 90+ lenders to find your suitable deal.

Learn more about Remortgage

Home Movers

Moving within or to London? We'll handle your mortgage so you can focus on the move.

Learn more about Home Movers

Buy-to-Let

Investing in London property? We specialise in BTL mortgages for landlords.

Learn more about Buy-to-Let

Buying a Home in London — What You Need to Know

London's average property price is over double the national average, making deposit size and affordability key challenges.

For qualifying first-time buyers, stamp duty is 0% on the first £300,000 and 5% on the portion from £300,000 to £500,000, provided the property costs no more than £500,000.

Areas in East and South East London continue to offer the best value for first-time buyers.

London has more shared ownership schemes than any other UK region — we can advise on all of them.

Professional mortgage applicants in London (doctors, lawyers, accountants) may qualify for enhanced borrowing multiples.

Market Trends

London Property Market Trends

Greater London prices are broadly flat year-on-year, with outer boroughs outperforming Zone 1–2.
Walthamstow, Leyton, and Lewisham remain the strongest first-time buyer markets, helped by Elizabeth line and DLR links.
Prime central London has cooled, but family houses in Wandsworth, Ealing, and Crouch End are still competitive.
Higher SDLT thresholds since April 2025 have pulled forward demand below £500k.

Local Updates

Recent London News & Updates

March 2026

Bakerloo line extension consultation reopens

Renewed momentum on the Bakerloo extension to Lewisham is already feeding into SE postcode demand and asking prices.

Early 2026

Renters' Rights Act reshapes London BTL

Section 21 abolition and new rent rules have pushed some smaller landlords out, freeing up stock for first-time buyers in inner London.

Market data and updates are indicative and based on publicly available sources up to early 2026. Speak to an adviser for live figures specific to your circumstances.

Local Market Data

London Mortgage Market — Key Numbers

A snapshot of what the London mortgage market looks like right now, reconciled against HM Land Registry UK HPI, ONS, Rightmove and Nationwide reporting. Use these figures as a starting point — we'll refine the numbers to your circumstances on our first call.

Average sold price

£526,000

Year-on-year: +0.6%

Typical first-time buyer price

£435,000

Typical deposit: £78,000 (15%)

Common income multiple

5.0–6.0× (professionals)

Higher available for select professions

Typical BTL yield

3.5–5%

Gross, subject to stress testing

Typical time to sell (STC)

~55 days

Source: Rightmove regional data

In-demand postcodes

E17 WalthamstowSE13 LewishamN17SW18 Wandsworth

Figures are indicative, based on publicly available data up to early 2026. Individual property valuations, lender criteria and stress tests will vary — book a free call for a personal quote.

What London Customers Say

"Moved to a bigger home in Walthamstow with two kids. Our advisor handled everything — even chased the solicitor!"

Priya K.

Home Mover — London

"Thought we'd never buy in London. The Mortgage Genie found us a scheme we didn't know about and we're now homeowners in SE15!"

Alex & Dan R.

First-Time Buyers — London

"Remortgaged in Hackney and saved £250/month. The initial advice cost us nothing and the fees were clear. Already recommended to friends."

Olivia S.

Remortgage — London

Sources & Further Reading

London mortgage market — data sources

The market figures and regulatory context on this page draw on the following official and industry sources. All links open to the publisher's own website.

London Housing Strategy
Greater London Authority
UK House Price Index (search tool)
HM Land Registry
House Price Index — latest bulletin
Office for National Statistics
Nationwide House Price Index
Nationwide Building Society
Halifax House Price Index
Halifax / Lloyds Banking Group
House Price Index & regional market reports
Rightmove
Bank Rate
Bank of England
Mortgage rules (MCOB) sourcebook
Financial Conduct Authority
Firm reference 754691 — The Mortgage Genie Ltd
FCA Register

The Mortgage Genie Limited is an Appointed Representative of First Complete Ltd, trading as Primis Mortgage Network, which is authorised and regulated by the Financial Conduct Authority (FCA 435779). The Mortgage Genie Limited is entered on the FCA register (firm reference 754691).

Mortgage FAQs — London

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Your home may be repossessed if you do not keep up repayments on your mortgage.