Mortgage broker London
If you’re looking for mortgage advice in London speak to one of our advisers who have expertise spanning the entire UK mortgage market.
All of our brokers have up to date industry knowledge and the ability to search thousands of deals to find you a competitive mortgage rate.
Speak to an expert today about your needs and the current market
Clear mortgage recommendations with access to 70+ lenders & broker exclusive products
We've helped 1000s of people find and get their best deal
Why Mojo?
Mojo helps around 5000 Londoners with their mortgage needs every month. On average, Mojo customers save £357* per month on their mortgage repayments
*The £357 average savings are based on Mojo mortgages residential remortgage sales data only compared to the average SVR (Standard Variable Rate) in January 2024. Actual savings will depend on individual circumstances
Going above & beyond to save you time ⏳ & money 💰 on your mortgage
Paperwork help ✅ Mortgage broker exclusives ✅ Works alongside over 70 lenders ✅
1. Add your details online
No 2-hr phone calls or branch visits. It takes a few minutes to tell us what you need from your next mortgage online.
2. Speak to your broker
Choose the perfect time, whether that is ASAP or a time better suited to you, we are available 6 days a week, including evenings.
3. Get your mortgage with Mojo
We’ll check and chase to help avoid delays. Get regular updates from your broker and case manager.
London mortgage brokers
When you’re looking for a mortgage broker in London, it’s a good idea to focus on what’s most important to you. London is the most expensive city in the UK to buy property in according to the Zoopla house price index, so many people will want to focus on making savings wherever possible.
Mojo is a totally free online mortgage broker and we offer entirely remote services, so you won’t need to worry about wading through rush hour traffic to get your mortgage advice.
Getting a mortgage in London
London is the most expensive area of the UK, so it’s important to understand the additional considerations you may need to make when buying there. For example, due to the high property prices, deposit requirements tend to be larger.
Even though the percentage of the asking price you’ll need to save for a deposit is typically the same, higher asking prices can make the actual amount much higher.
For example:
The maximum loan to value (LTV) available from most lenders is 95%, meaning you’ll need a 5% deposit
For the UK national average property (£264,400*) - 5% deposit is = £13,220
For an average property in London (£536,800*) - 5% deposit currently = £26,840
*based on January 2024 Zoopla house price index
Often people looking to buy in London will, therefore, need to use a home ownership scheme of some type to help them get onto the property ladder.
We helped over 65,000 Londoners in 2023 alone!
Speak to us today and let us help your London home ownership dreams come true.
How far will my money go when buying property in London?
This will be largely dependent on which area of London you plan to buy in, as prices can vary a lot by different areas. For example, a one bedroom property in Covent Garden could be much more expensive than a detached house in North West London.
Typically the closer to the centre of London you are, the higher the cost. But even Central London has its higher priced areas, like Leicester Square, and lower cost areas, such as Aldgate.
Average property prices in London
According to Zoopla, the average sold property prices over the past 12 months across London are*:
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Central London - £1,728,618
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North London - £833,198
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North West London - £1,092,166
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North East London - £684,843
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West London - £1,162,325
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South London - £611,603
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South West London - £1,085,815
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South East London - £573,976
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East London - £516,522
*Please note these figures are from 01.04.2024 and include all property types. They update regularly in line with the housing market and vary across property types
North London
North London offers large homes and plenty of green space, so tends to attract professionals and families. There are higher cost areas of this region, such as St John’s Wood and Hampstead, but more affordable homes can be found in the Hyde and Hendon areas.
West London
What you can get for your money, again, varies a lot depending on the area of West London you choose. Kensington is one of the highest priced areas in the region, but there are much more affordable options available within West London, such as Hanwell.
South London
South London can be very expensive, especially in the luxury South West areas. But the South East is generally much more affordable - in fact, it’s one of the cheapest areas to buy in the capital and therefore popular with first-time buyers. Areas like Dulwich and Thamesmead offer much more affordable options for those looking to move to the south region of London.
East London
This region of London has become increasingly popular in recent years. Dalston and Hackney offer attractive options for those looking for lots of amenities nearby, that's also more affordable than other parts of London. This can make it an attractive option for buy-to-let landlords looking for rental properties.
What our customers say
...very easy only fill in AIP form once and book a call appointment. During the call mortgage advisor will ask you what you need and provide you with best deal and explain in detail, No hassle at all, they are friendly and helpful, I would definitely recommend MOJO to others.
kevin Lai
01 March 2024
Getting a mortgage in London FAQs
In reality, you don't need a London-based mortgage broker to get a mortgage in London these days. Many brokers, like ourselves, offer fully remote mortgage advice.
While a traditional location-based broker may be able to offer more specific area knowledge, many people are likely to source this information for themselves nowadays.
The term ‘best’ is fairly objective, as it depends on your needs. When looking for a mortgage broker anywhere, the best approach is make a list of which services are important to you and which brokers tick the most boxes.
You can usually find free mortgage advisers, like ourselves, in most locations, so if you plan to pay for mortgage advice, make sure you know exactly what you’re getting for the additional expense.