I took a trip into Wembley Stadium the other week coming in from the north along the M1 motorway and onto the Edgeware Road. As I don’t live in London I’m always interested in the house prices and what I could afford to buy if I lived anywhere in north London.
Looking at Zoopla for houses for sale on the Edgeware Road near Wembley (https://www.zoopla.co.uk/for-sale/property/london/edgware-road-w2/) I was shocked to find that I wouldn’t get much change out of £1M for a 1 bedroomed flat. Who can afford almost a million quid for a 1 bedroom flat in Edgeware Road north London? I know I can’t. I could buy a mansion up north for that amount of money.
Buying any type of property in London these days is an expensive business and finding a good mortgage brokers is a priority. Here’s a little tip for you, rather that use a London mortgage broker (who will be very expensive), get a mortgage broker from another part of the country – e.g.. Manchester. They will charge a lot less and still be able to find an excellent mortgage deal for you. Sites like http://manchestermortgages.co.uk/ or https://www.moneysavingexpert.com/ can point you in the best directions for deals on mortgages.