Home UK Forum UK Guide Moving to UK Real Estate Healthcare in UK
UK
Resources
City Guides
JoinSign In
AGS Worldwide Movers

United Kingdom Expat Forum

Getting an idea of costs for living in London

Post New Topic
oscgerst
2/12/2018 15:18 EST

My wife and I are trying to figure out our next steps now that we are getting older and our kids are out of the house. We have talked about different possibilities including living in Italy or London (we are currently in the US as citizens). We met in London and love the city and now realize that it's the right place for us. I am overwhelmed by the amount of information out there on the internet related to living in London and buying property.

I am hoping that someone can either provide specifics to my questions or point me in the right direction.

1) Moving to London - as a US Citizen can we live there? How long? It is my understanding that a US citizen can live in London for 3 months and then must leave for 3 months - essentially allowing for 6 months in London during a year period. Is this true?

2) Buying property in London (central London) - I know this is crazy and expensive especially if we are not living there full year, but I have worked hard my entire life and have saved a bunch and really want to do this (although admittedly would probably try to rent/AirB&B if possible instead). BUT, assuming we bought a 1 bedroom flat in central london for 1 million pounds, I have the following questions:
- I understand there is leasehold and freehold. Being from the US clearly leasehold scares me and freehold sounds "better". I have read that if you have a leasehold you want at least 80 years left on the lease, but again it sounds like freehold is much better. Thoughts?
- Assuming I found a freehold for let's say 1 million pounds. What other immediate charges are there (for the purchasing) and what can I expect for monthly or yearly charges? e.g., stamp tax? council tax? I'm used to a property in NYC and there is a monthly maintenance which covers real estate taxes and other things.
- Same question as above but for a leasehold.

Thanks in advance!

Post a Reply

00abuse

BigWorld
2/12/2018 20:00 EST

I may be wrong but I do not think you will find much help on this expat forum so I recommend you look for others forums to try and get some answers to your questions.

I have done some of this research on this exact topic over the last year or so for my own retirement plans so if you want to send me a pm, we could start a dialog.

Best of luck.

Post a Reply

00abuse

Expatriate Health Insurance

Get a quote for expat health insurance in UK.

International Moving Companies

Moving to UK? Get a moving quote.


Mail Forwarding to UK

Mail Forwarding to UK.


Expat Tax

Expat Tax Preparation, Expat Tax Professionals

Join Today (free)

Join Expat Exchange to meet expats in your area or get advice before your move. It's FREE and takes 1 minute!

Cigna Expat Health InsuranceExpatriate Health Insurance

Get a quote for expat health insurance in UK from our partner, Cigna Global Health.
Get a Quote

Culture-Shock-in-ExeterAn Expat Talks about Culture Shock & Living in Exeter, UK

A British "expat" in Exeter describes the culture shock experienced while settling into the UK after living in Canada and the U.S. for most of her life.

A British "expat" in Exeter describes the culture shock experienced while settling into the UK after living in Canada and the U.S. for most of her life....

Living-in-WantageAn Expat Discusses Living in Wantage, UK

An expat living in Wantage, England discusses the challenges of expat life there. Locals are not overly friendly and it can take years for people to accept you. She recommends that newcomers consider living in Oxford instead.

An expat living in Wantage, England discusses the challenges of expat life there. Locals are not overly friendly and it can take years for people to accept you. She recommends that newcomers conside...

An-Expat-PrimerLondon Information for Expats: Introduction

If you are now, or will be, an expat living in London, you have come to the right place. We have pulled together enough information so that, at the very least, you won't feel like you are flying blind after moving overseas.

If you are now, or will be, an expat living in London, you have come to the right place. We have pulled together enough information so that, at the very least, you won't feel like you are flying blin...

Package-NegotiationMoving to London: Expat Package Negotiation

Advice for expats in London about expat package negotiation and cost of living in London.

Advice for expats in London about expat package negotiation and cost of living in London....

An-Expat-PrimerLondon: Key Topics

An overview of key topics for expats in London. Covers visas, schools, housing, cost of living in London and more.

An overview of key topics for expats in London. Covers visas, schools, housing, cost of living in London and more....

10-Expats-Talk-about-What-Its-Like-Moving-to-the-UK10 Expats Talk about What It's Like Moving to the UK

Expats talk about what it was like moving to the UK. Topics covered include meeting people, NHS, culture shock and more.
Expats talk about what it was like moving to the UK. Topics covered include meeting people, NHS, culture shock and more....

Copyright 1997-2020 Burlingame Interactive, Inc.

Privacy Policy Legal