Best places to buy property in London

[RichIbizaSport]

If you can look at a new build there's always the London help to buy equity loan. Houses upto £600k, no interest for 5 years, then 1.75%.

 

[Bickaxe]

Figure out commute times/expenses and move outside of London and get more for your money

 

[opethdisciple]

If you can look at a new build there's always the London help to buy equity loan. Houses up to £600k, no interest for 5 years, then 1.75%.

It sounds good, but then aren't you left in a position where you are in effect paying back two loans with interest? The mortgage and the Equity loan.

Unless your lucky and the property increases in value, it could be a dangerous situation with debt.

 

[BigT]

With that sort of budget I think I'd be looking towards things easily accessible to the new crossrail and due to budget probably to the East side. Perhaps Stratford?

 

[Kemik]

It sounds good, but then aren't you left in a position where you are in effect paying back two loans with interest? The mortgage and the Equity loan.

Unless your lucky and the property increases in value, it could be a dangerous situation with debt.

The equity element doesn't get repaid until you sell or 25 years (whichever is sooner). First 5 years you don't pay a penny, after that it is interest only.

Watch for the max price limit though.

 

[Bes]

I would suggest looking at:

Deptford
Blackheath Standard (May be a bit too expensive)
Charlton
Brixton Hill
New Cross
Streatham Hill