child mortarboard gbp briefcase bath coffeecup tree twitter search crosshair fax house papers sort house-pound brochure list-items notes printer video-camera video virtual-video bath bed camera floorplan heart-empty heart-filled heart-empty-thin heart-filled-thin sofa calculator compass share clock list map-pen map-pin pencil save business-card letter phone heard people pointer cross linkedin google-plus facebook arrow-right close triangle-down my-wink my-wink-thick house-circle loading-spinner bell close-circle dog link pinterest school transport wardrobe arrow-up one two three four five six seven tick

How to get on London's property ladder

If you are hoping to get on the property ladder in or around London then we wouldn't blame you if it all feels a bit impossible.

Government research sums up the mood. First time buyers are getting older and it’s getting harder to get a mortgage.

But our experience shows that it’s not all gloom and doom. If you are prepared to look around for alternative places to buy or commute in from further afield, and you take advantage of the many new mortgage opportunities available to first time buyers, then a world of possibilities opens up.

One idea is to leverage the opportunities that parents sitting on equity in their own homes can offer.

“One option we offer is to refinance mum and dad’s house because often they own homes worth £1m or more but have no, or only very small, mortgages,” says Anthony Emmerson, a director at mortgage broker, Trinity Financial.

“This is because the mortgage deals that we can get for parents are likely to be much more affordable than those the children can secure.”

Anthony also says there are deals available where parents place funds in a linked savings account which is then used as a security to help their children get a better mortgage deal.

“No one answer is right – each first time buyer will need a tailor made packaged to suit their different circumstances.”

But as well as securing finance, getting the most for your money in and around London is also key.

We’ve scoured our listings to find what we believe is good value both inside and outside London for between £400,000 and £450,000, which these days is the average price for a first-time buyer property in the capital.


One-bedroom apartment within a Victorian house in Lenthall Road, E8.
Price: £432,000 Share of freehold

Contact Winkworth Hackney on 020 8986 4216 for more information.

Willesden Green

Two-bedroom first floor apartment within a period property on Casselden Road, NW10.
Price: £419,950 Leasehold

Contact Winkworth Willesden Green on 020 8451 1000 for more information.


Two-bedroom flat within a mansion flat on Mitcham lane, SW16
Price: £450,000 Leasehold

Contact Winkworth Streatham on 020 8769 6699 for more information.


Two-bedroom Victorian with a 17ft lounge on Cedars Road, BR3
Price: £400,000 including share of freehold

Contact Winkworth Beckenham on 020 8650 1000 for more information.

Worcester Park

Two-bedroom cottage with 100ft garden on Longfellow Road, KT4
Price: £425,000 Freehold

Contact Winkworth Worcester Park on 020 8335 5555 for more information.


Three-bedroom semi-detached house overlooking a green in Alton, GU34
Price: £450,000 Freehold

Contact Winkworth Farnham on 01252 733042 for more information.

Are you looking to buy, sell, rent or let? Find your local Winkworth office here.

To view our 'Perfect picks for first time buyers' infographic click here.

Related posts

8 of the most picturesque walks for autumn

Britain’s beautiful landscape is best enjoyed on foot - here we’ve rounded up some of the most picturesque walks to enjoy this autumn.

Read post

October 14, 2019

Preparing the house for autumn

As the temperatures drop and the nights get longer, we spend more and more time inside our homes. Don’t get caught out and do a quick check up on various elements of your house to stay warm and dry this winter, recommend the Winkworth Country House team.

Read post

October 07, 2019

Two for one - what can £600,000 buy you in Clapham and Canterbury?

One budget, two postcodes; we look at the purchasing options in the city and in the countryside with our area price comparison of Clapham and Canterbury.

Read post

October 01, 2019

Find your Local Office

Find your Local Office

Speak to people who, quite simply, love their patch and love what they do.

Get a Free Valuation

Get a Free Valuation

Thinking of selling or letting your property, or just interested to know what it is worth nowadays?