Cheapest Places To Live | Best Places to Buy in London for First-Time Buyers

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Are you a first-time buyer looking to live in London? Do you need some expert property advice on finding the cheapest places to buy in London?
You may think that London is an unaffordable place to live and buy your first home in, but if you want to enjoy London living, then luckily there are some areas in London which are cheaper and more affordable.
Within this video, Phil Spencer shares his insider knowledge on the most affordable places to live in London for first-time buyers.
BEST PLACES TO BUY IN LONDON FOR FIRST TIME BUYERS [SUMMARY]:
1. Barking and Dagenham
2. Croydon
3. Uxbridge
4. Newham
5. Redbridge
6. Bexley
7. Bromley
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➤ ADDITIONAL INFORMATION/RESOURCES
▪ Mortgage Interest Rates: A Handy Guide
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▪ How To Save For A House Deposit
www.moveiq.co.uk/advice/first...
▪ First-Time Buyer Insurance: A Handy Guide
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▪ Best Places to Buy in London for First-Time Buyers
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#CheapestPlacesToLive #FirstTimeBuyers #Homebuyers

Опубликовано:

30 июл 2024

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Комментарии : 150

@speakfreeley4473 3 года назад

One thing that attracts me to London is that it is a classic car heaven city. I'm very much a classic car man & London is the best place for it. If I could the outer fringes of London would be for me as the capitals classic car hotspots would still be within easy reach. No other UK town or city can offer that.

@bf2404 4 года назад

Clayhall in the London Borough of Redbridge is great for families looking for a spacious home.

@TheMikeskillz 3 года назад

My problem with Clayhall is the transport links. Or lack of

@desi3091 3 года назад

Hi I am buying a house in Hornchurch and my solicitor did the search environment search confirms that the property is in an area of moderate to high natural ground instability. Can you please help us. What should we do now

@MoveiQ 3 года назад

Ensure you get the right survey done to see if there has been any impact on the property. We can help you find the right local surveyor: www.moveiq.co.uk/tools/home-buyers-guide/home-buyer-survey-quote/ Good luck.

@Vostro123 4 года назад

What are the best web resources for housing search in London? Like Zillow or Redfin in US.

@honeysett2 4 года назад

Rightmove and Zoopla !

@jpumulo 4 года назад

Sigh.. I want to live in Chiswick.. on a nurse’s salary 😅

@user-zw4mz2gx5w 3 года назад

NHS quarters next to hospitals will be great. Lets pass the bill.

@goelnuma6527 3 года назад

Might do if your employer is a Russian oligarch

@joeroot9142 3 года назад

Anything is possible 🤯🤙

@MrChiptatum Год назад

since this vlog was done prices have risen even further and some of these areas are now unaffordable to most people

@nikaa4237 3 года назад

Thanks for the list! Never thought about Uxbridge...but I'm looking into it and the prices seem quite decent. It would be great to see more videos like this...maybe the best commuter towns possibly?

@MoveiQ 3 года назад

Glad it was helpful! Thanks for the suggestion - good shout! We'll add it to our ilming schedule.

@jamesbrowne7601 2 года назад

Uxbridge is decent other areas around there that are cheaper with same transport links Cowley West Drayton Harefield

@shibinthomas3634 4 года назад

What's the house price in Salisbury?

@xoxstarxox7779 4 года назад

All of these areas are in East except Uxbridge 😞 Still trying to save enough to live in zone 4/5 in West

@divinefoods5918 4 года назад

Croydon is in the south.

@asnow1990 4 года назад

It’s possible! I’ve bought in Hounslow. 1 bed flats around £310k

@ThePurge-sb4em 2 года назад

I would not move in Dangham or east London if you paid me!!!

@moltitrader 3 года назад

BORRIS JOHNSON ruined Renting scheme by introducing (affordable rent) which is double the price of social rent. How do you manage to call something twice the price affordable. I call it (BORRIS RENT) so people relate better to it.

@Roy-rr5ds 3 года назад

A lot cheaper than Barking & Dagenham is Thurrock. Check out the prices in comparison, and just up the road. Purfleet-(on Thames) and Grays are getting a lot of investment. It can't be long before these prices go up dramatically.

@ladyj6278 2 года назад

All of those areas are dog rough!!!!

@Roy-rr5ds 2 года назад

@@ladyj6278 Have a drive around North Grays. Not too shady.

@Roy-rr5ds 9 месяцев назад

Nor was Barking once. @ListenUp-py1qm

@marialuisamckendry6476 3 года назад

Hackney, Camberwell, Elephant and Castle used to be the 'Todays Barking' These areas now such as Camberwell & Hackney are unaffordable to buy! If you read some of the articles they all mentioned about Barking as an upcoming area to invest. Might no seem like a good place to live now but down the track could be a very intelligent investment.

@MoveiQ 3 года назад

Thanks for sharing

@raphaela6768 2 года назад

The part about Hackney is very true. I personally don’t know about the other areas however my father bought a huge house in hackney many years ago, back before when it was a complete crap hole. Now that same house is well worth over two million. Granted it took many years before it became valuable but yes this is completely true. Now we have another house in Newham. There is construction everywhere and they are constantly updating everything in my area. After living there for 8 years, it is slowly becoming better. Hopefully in 10 years or so the house will also become more valuable.

@c.t5136 2 года назад

Hi Phil, I lost my residency during the pandemic - two year timeframe - timeout. I think that banks should show some leniency to people like me, as we had no choice... No-one is talking about this. Can you start talking about it? I can;t get a mortgage offer because I haven;t 'held' a UK address for two years... What do you think? Do you think there should be a revision for people like me?

@MoveiQ 2 года назад

Sorry to hear you've had difficulty - really sorry but this is not something we could comment on.

@annirachael3954 3 года назад

I moved out of Bromley, I'd move back but I just can't afford it, lol

@flyinghedgehog3833 2 года назад

Started with studio in Highgate N6 1980 @ 25k ! Sold for 35k 1983 now 280k. Bought house 80K...now 1.8 mio.time to move outside London?

@noneone............. 3 года назад

As an englishman i want too, Live stay around here. Ameen. Thanks Mr. Spencer.🌐🇬🇧♥️

@kernow2619 3 года назад

I'm more interested in the super uplifting background music! What's it called?

@simeono 3 года назад

Does anyone know what background music is called?

@yowgrange5038 4 года назад

My son has been trying to buy a house in Crystal Palace for two years without success. He can afford a substantial amount but whilst he make appts to view, the houses get snapped by somebody before he even gets to view them.xxx

@MoveiQ 4 года назад

Sorry to hear that. We've got a home buyer toolkit availabe to download from our website. Its all free but it might help your son at the various stages of his homebuying journey. He can get his here www.moveiq.co.uk/register/mymoveiq - Good luck!

@propershropper7622 4 года назад

Great content 👍

@MoveiQ 4 года назад

Thank you 🙌

@aninelanalin162 3 года назад

Thank you very much for this video:)

@MoveiQ 3 года назад

You're very welcome!

@fear_not 3 года назад

I bought my flat in Uxbridge 1,5 years ago. I paid 215k for a 45m2 studio on High Street and I love it! I only regret I didn't buy two years earlier as at that time I was living the fear that 'I will never afford to buy in London' which was clearly not true. On the other hand now I know I could buy a house in Manchester for half of this price 🙈 BTW I'm an EU citizen living only 5 years in UK so I really find it a joke when Londoners in their forties are saying they can't afford to buy here.

@MoveiQ 3 года назад

Thanks for sharing.

@MoviesDreamland 3 года назад

Uxbridge will be too far if you work in the city. I find the annoying part about buying is most of the good houses are leasehold.

@nrclever8167 Год назад

Some people may need to pay back their student loans and not as simple as you may think

@fear_not Год назад

@@nrclever8167 I also pay my student loan :)

@zarakdorsett-morgan5222 3 года назад

South & West London is just an impossibility. I ended up moving to Milton Keynes.

@MoveiQ 3 года назад

thanks for sharing

@rogerdoger3347 2 года назад

Milton Keynes is nice .

@Unc3 4 года назад

Have you been to Barking or West/East Ham? I don't want to be driving by after 6PM let alone raise children in the area!

@ForbiddenHero 3 года назад

uh yeah i lived and went to school there. Sure it may be bad now, but given that the area is quickly improving and house prices are rising, i would actually say its pretty good

@northweezie1 3 года назад

Grow a pair then

@britishsecondarylife7548 3 года назад

If I was a foreigner I would rather settle in Manchester or Northern England as there is Cheaper housing and low Population density. Even though multiculturalism is low I would rather settle in somewhere like Newcastle or Sunderland

@ianmcdowell7469 4 года назад

So . . . not Belgravia?

@MoveiQ 4 года назад

Sadly not.

@priyabaskaran4415 2 года назад

Hi Phil, Can a couple above 45 still buy their first house in London. Will the couple get a mortgage? Can you help us. I also watch The Location Location channel.

@MoveiQ 2 года назад

We have a podcast on getting a mortgage if you're over 40 - search The Move iQ Podcast and you can listen wherever you get your podcasts. Here is link via our website, hope it helps www.moveiq.co.uk/podcasts/buying/s8-episode-12/

@Takeonm 3 года назад

With High speed rail 2 that’s going to change a lot

@emmafrost13333 3 года назад

Depending on how much the yearly ticket for the train costs...

@iknowwhereyoulive8012 3 года назад

pf! I thought you were going to show us!

@KD-oi9sk 3 года назад

Funny that this was uploaded the day after lockdown 1 started...

@asadfaruqbuttar5264 3 года назад

Can one buy a house in or near London under £150 k ?

@tobsstone 3 года назад

yes there are many

@Chickenarla 3 года назад

@@tobsstone really?

@nprincess90 2 года назад

Nope

@asadfaruqbuttar5264 2 года назад

@@tobsstone please share details

@klizan33 2 года назад

Luton maybe

@ProsperSolo 3 года назад

Is there any cheap place to rent possibly with no violence? I got kids😞 in Luton or a bit far

@MoveiQ 3 года назад

This might be useful ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-S8WJZ2FMGsg.html

@ProsperSolo 3 года назад

@@MoveiQ Luton?

@Lillgoosy 2 года назад

Luton ain’t great but ofc, try Crystal Palace, Uxbridge, Wembley, Romford, St Albans or Bromley

@polishohyeahyeah7753 4 года назад

🤫

@goelnuma6527 3 года назад

I used to live in Kings Cross, it was a dump, drunks everywhere (most from up north), prostitutes especially after 5 pm, curb crawlers, druggies and drug dealers plus rough sleepers... I had to move away when I got mugged and beaten coming home from work one night... how things have now changed...I do miss the old place sometimes however

@MoveiQ 3 года назад

Indeed it has changed a LOT around King Cross.

@bindurao6173 4 года назад

I am staying in India and am interested in purchasing a residential property in London. Can I get a mortgage?

@MoveiQ 4 года назад

You would need to speak to a mortgage adviser - we can connct to one here www.moveiq.co.uk/tools/buying/mortgage-quote/

@maxclive2138 3 года назад

Doubt he'd live anywhere near Croydon!

@gazriley624 4 года назад

house

@bf2404 4 года назад

Best place to buy or rent currently in London is Stratford or nearby West ham

@JG-fg1ye 4 года назад

hahahaha yeah for gang violence or drugs

@K4MZCWG 3 года назад

J G I was surprised like man said Newham 🤣🤣

@britishsecondarylife7548 3 года назад

Or Marks gate

@ChocolateSho 4 года назад

I heard Tottenham is up and coming

@OW0595 4 года назад

Yeah if you want to get stabbed

@imconfused1237 4 года назад

Ollie | The same risk is true of ALL poorer areas of London. Deprivation fuels crime and dysfunctional families promote gang lifestyle. If you buy in a cheaper area of London, THAT is what’s on the menu. I lived in London for 35yrs. Absolute hellhole of a place: overpriced, overrated and full of rudeness. I moved into the Home Counties and I’ve NEVER looked back. Anyone buying in London is a mug.

@unknowns0188 4 года назад

Ollie 😂😂😂😂😂😂😂😂😂😂😂

@Commonsensenotsocommon 4 года назад

Awful area, stabbings, shootings, gangs, would not move there if you paid me

@myyt7590 4 года назад

@@Commonsensenotsocommon Birmingham is the best not chavy and not expensive I would recommend getting a house 🏡 in Birmingham in the more expensive areas to avoid gang violence

@jenjones90 3 года назад

Sutton?

@MoveiQ 3 года назад

🤔.....maybe. We filmed this at the beginning of the year.

@asadfaruqbuttar5264 3 года назад

Is there any place in London having 1 bed apartment around or less than 150 K

@tobsstone 3 года назад

nope

@ChrisLitton 3 года назад

Nope go live up north for that.

@Lillgoosy 2 года назад

Maybe in a council flat somewhere in London with 20m2

@simonh6371 Год назад

If you just come in a boat from France illegally with no documents you'll get it for free, while British people have to sleep on the streets.

@plainkady 4 года назад

Where in London is best to find a place to live with a big garden to grow my own food and birds?

@Unc3 3 года назад

Someone else's manor when the owner is out

@plainkady 3 года назад

@@Unc3 :)))

@bossbanks7719 3 года назад

High barnet

@tutmosispagnotta 2 года назад

Hoxton

@vpnvanish9794 2 года назад

Manchester United football ground, you might aswel put it to a good use. They're fucking shite 😊

@abdulwahedy5528 3 года назад

London flats are not worth it for more than £5k.

@whamitsjam 3 года назад

Plaistow is pronounced as "plar-stow"

@asharibasha 3 года назад

Not by posh people

@whamitsjam 3 года назад

@@asharibasha lol then they need to get outta here

@asharibasha 2 года назад

@@whamitsjam lol

@theroofl1 3 года назад

Very good 😌 info

@MoveiQ 3 года назад

Thanks 🙂

@tutmosispagnotta 2 года назад

No one in their right mind would buy a flat in Newham in my opinion.

@MoveiQ 2 года назад

Thanks for sharing

@Lillgoosy 2 года назад

@@MoveiQ they aren’t lying to be honest. You pretty much have a 50% higher chance to get stabbed or robbed in comparison to the rest of London

@AkashAB4U 3 года назад

Can foreigners buy property in the UK?

@MoveiQ 3 года назад

There are many international homebuyers in the UK - there will be governement guidance on this depending on your country of origin.

@vpnvanish9794 2 года назад

We have enough homes for us. Stay where you are 🤣🤣🤣🤣🤣 nah just kidding come over matey plenty for all

@thegamerz7992 4 года назад

If ur smart u would buy a yard near London but not inside like in Luton or Reading houses are cheaper and not to far from London

@newnews9231 2 года назад

Hi, could you please elaborate on this? I am planning to move to london possibly in Uxbridge area but bit concerned anout nice schools and safety.

@TouchedAlot 2 года назад

imagine living in croydon

@MoveiQ 2 года назад

🤔

@paulgates4083 3 года назад

i don’t care. i’m not living in croydon. no way

@MoveiQ 3 года назад

OK - thanks for sharing

@Lillgoosy 2 года назад

Paul no one asked you to live in Croydon 😂

@appiusclaudias3500 2 года назад

CROYDON please 🤣🤣🤣

@MoveiQ 2 года назад

🤔

@friendsofnature2363 4 года назад

Most of the places you mensioned are not low in price because of there infrastructure but you can hardly find people buying houses in those places coz they are the highest in crime and the decaying people living there made it a real shithole , you can barely notice you are in london

@marialuisamckendry6476 3 года назад

Hackney, Camberwell and Elephant and Castle had the same problem years ago. However, these areas now such as Camberwell are unaffordable to buy! If you read some of the articles they all mentioned about Barking as an upcoming area to invest. Might no seem like a good place to live now but 10 years from now could be like Hackney!

@MartyMart134 3 года назад

I doubt you could afford to live in Croydon, Redbridge or Newham, they are boroughs with 10's of 1000's of streets from million plus properties to bedsits. There's more crime in Westminster than those outer zone places, I've lived in London for 48 years, unlike you I suspect.

@psynotts4636 4 года назад

These places are cheap for reasons...

@hannayoung6359 4 года назад

Psy Notts what reasons ?

@greenrainbow4980 4 года назад

Especially Barking & Dagenham

@marialuisamckendry6476 3 года назад

@mikemy100 3 года назад

@@marialuisamckendry6476 the difference with those areas is that theyve always been very near the centre

@babyprince84uk 3 года назад

Did I hear Barking? I'd say Afghanistan is even safer from there I don't agree sorry

@MoveiQ 3 года назад

Thanks for sharing

@JG-fg1ye 4 года назад

All these areas recommended have serious gang violence and drug problems

@marialuisamckendry6476 3 года назад

@JG-fg1ye 3 года назад

@@marialuisamckendry6476 Hackney is still crap, full of drug dealers and council estates

@marialuisamckendry6476 3 года назад

@@JG-fg1ye London in general you mean? I live near Hackney and can guarantee you that Hackney is not the only place with drugs ect. If you want to feel secure then you should look for places outside. Drugs are is every big city my friend!

@JG-fg1ye 3 года назад

@@marialuisamckendry6476 hackney is particularly bad, so is Waltham Forrest, I have no bias, ive lived all over london the last 10 years and I agree even in Fulham and Chelsea there are criminals and drug dealers all over, but east end (particularly Bow, Hackney and waltham forrest) is particularly bad for bystander violence compared to west.