Moving to London is an exciting prospect, but the task of finding a new place to rent can be daunting.
Narrowing down where to live within such a large city composed of many neighbourhoods with their own distinct feel and amenities whilst considering your budget, your commute to work or study, and the amount of space that you need can feel like an overwhelming balancing act.
To help make this process as easy as possible for you, we’ve compiled a four-step guide to finding a property to rent in order to ease any stress related to the process.
Searching for a property: when to start looking?
It’s important to give yourself enough time for your search, considering that there are different types of properties and processes that you may come across in London. Properties in London are usually advertised 1-2 months before the move-in date. Therefore, we’d recommend that you begin to look 4-6 weeks before you wish to move in.
What to consider before your search
It’s a good idea to consider the main constraints of your search before you begin – this could include the likes of:
Budget: Housing prices vary hugely in London, and at times can be notoriously expensive. Therefore, it’s a good idea to set a monthly rent budget. Many rental properties do not include bills (which can be an extra 25% of your monthly rent cost), as well as additional charges such as putting down a 5-week deposit. Ensure to leave space for this within your budget.
Location: London is an incredibly diverse city, so your experience may differ widely depending on where you choose to live. When thinking about location, it’s worth bearing in mind your commute, whether that be to work, university or your child’s school.
Space: Consider how much space you want in your property. This includes not only the number of bedrooms and bathrooms but also the internal area of the property in terms of square footage. You can use tools like the SearchSmartly platform to search with criteria like minimum bathrooms and square footage.
Amenities: How near do you want to be to the tube or bus station? Is green space, health and fitness, a lively neighbourhood, or good local schooling important to you? Considering this before you even begin to search will ensure you don’t live in a neighbourhood lacking your key amenities.
Your financial situation Landlords and agents will ask you to prove that you are a reliable tenant that can pay the rent for the duration of your tenancy. Common financial qualifications include having an annual income that is at least 30x the monthly rent, or if not, having a UK-based guarantor that meets this prerequisite or being able to pay 6 months’ rent upfront. Organising this and setting your budget accordingly before you search will avoid any delays down the line.
Housemates If you’re not looking to live alone, it’s worth considering who you will be living with. Sharing with those who have similar budgets, schedules and lifestyle often makes life easier.
Other dealbreakers A few other things to consider may be whether you want the property to be furnished or unfurnished, and whether you have a pet – not every landlord is willing to accept them!
How to search
Once you’ve identified what’s important to you, it may seem difficult to find a property that ticks all these boxes. Search methods include using search portals (such as SearchSmartly) and contacting estate agents and landlords directly.
SearchSmartly allows you to combine all of the above prerequisites into one search. The website’s commute feature will help you overcome the challenge of pinpointing ideal areas to live in by identifying all the properties located within a certain time of up to two commute locations. You can also identify the amenities that are important to you, be that parks, gyms, restaurants or schools. Additionally, you can filter your results by the number of bedrooms, bathrooms and the internal area (in square footage) of the property. Give it a go here.
Types of Properties
Once you have made a search, you will notice that a few different types of properties may be available:
Private flats/houses: These are self-contained, including kitchens and living rooms. Usually rented through individual landlords, these properties have no bills included in the price (unless stated otherwise). Find an example here in St Johns Wood.
Built to rent (BTR): Built to rent properties do what they say on the tin – they have been built specifically with renters’ needs in mind. These properties often have communal features such as shared social spaces, gyms and a concierge. Here’s an example in Wembley.
Co-living/flatshare: This option allows you to rent a room in a shared property. This option is ideal for those looking to live in a social environment with other housemates. Bills are usually inclusive of utilities and extras.
Overall, the search for a property in London can be greatly simplified with some prior planning. If after all of this, you are struggling to find anything that matches your requirements, a handy tip is that estate agents often have alternative properties that may not be released on the market yet. When using SearchSmartly, let our operations team know if you need alternative properties and we’ll be able to help. Good luck with your property search and enjoy your time in London!
Ready to move ahead with the next steps in your property search journey? Why not explore other parts of our guide and find out how to search for a property, book a viewing, prepare the relevant documentation and move in.