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What should I consider when viewing a property for sale in London?

When viewing a property, pay close attention to the condition of the building, including the roof, walls, and foundations. Check for signs of damp, mould, or structural issues. Also, consider the location's proximity to amenities, transport links, and schools. It's wise to view the property at different times of day to assess noise levels and local activity.

What legal checks are important when buying property in London?

Engage a solicitor to conduct thorough searches, including local authority searches, water and drainage searches, and environmental searches. These searches will reveal any potential issues such as planning restrictions, flood risks, or contaminated land. Ensure the solicitor checks the property's title and confirms that the seller has the legal right to sell it.

What are the common hidden costs associated with buying a property in London?

Beyond the purchase price, factor in costs such as stamp duty land tax (SDLT), solicitor's fees, survey fees, mortgage arrangement fees, and removal costs. Also, consider ongoing costs like service charges (for flats), ground rent (for leasehold properties), and building insurance. Budget for potential repairs and maintenance.

How do I assess the potential for future development near a property I'm considering?

Check the local council's planning portal for any proposed developments in the area. This will give you an idea of potential changes to the surrounding environment, which could affect the property's value or your quality of life. Also, consider the impact of any potential developments on traffic, noise levels, and local amenities.

What energy efficiency considerations should I make when buying a property in London?

Check the Energy Performance Certificate (EPC) rating of the property. A higher rating indicates better energy efficiency, which can save you money on energy bills. Consider the age and condition of the windows, insulation, and heating system. Upgrading these features can improve energy efficiency and reduce your carbon footprint. Also, be aware of any local council schemes or grants available for energy efficiency improvements.