If you are looking to buy your first property in London it can be a daunting prospect. London property is notoriously expensive and unless you have a trust fund or a seriously rich boyfriend, you are unlikely to find the pad of your dreams.
Any property which is half decent and is not priced too high will be snapped up in a flash and even if you have had an offer accepted by the owner, it frequently happens that someone will then offer them the asking price or even higher, leaving you out in the cold.
You have to be quick if you are serious about buying a house or apartment there and if you see a property you like and which you can afford, you have to dive in there and then, subject to survey and mortgage, of course.
You are also likely to have to compromise on some aspects of your dream home, either in terms of space, location or condition of the house.
If you are prepared to move out that little bit further away from the centre you will find that your money stretches to a more spacious property, or if you are prepared to do renovation work then you might just find something more central which suits your needs. If you are prepared to compromise on space you might just find something near the centre which needs a little work.
