Are you an international student moving to London? Whether you’re looking to rent a stylish apartment or purchase a long-term investment with the help of your family, this complete guide will walk you through everything you need to know.
Why International Students Are Renting or Buying in London
London is one of the most dynamic and international cities in the world, with top universities such as UCL, Imperial College, LSE, and King’s College London attracting students from all over the globe. Many wealthy international students choose to rent or buy property instead of living in university halls or student housing for greater comfort, privacy, and long-term value.
With excellent transport links and world-class education, London also presents attractive investment potential. Whether you’re staying for one year or five, finding the right accommodation for students is a key part of your London experience.
Can International Students Rent Property in London?
Yes, absolutely. Renting in London is straightforward, but competitive. The student rental market is fast-paced, and international students must prepare all necessary documentation and understand their legal obligations.
What You Need to Rent:
- A valid student visa and passport
- Proof of enrolment at a UK university
- A UK-based guarantor for students, or rent paid upfront
- Reference letters (e.g. previous landlord, bank, or institution)
- Proof of income (from family or scholarship) – It’s not necessary if you pay upfront or have a guarantor.
- An independent referencing company will verify your references.
Financial Considerations:
- You may be required to pay 6 to 12 months’ rent in advance if you don’t have a UK guarantor.
- Expect to pay a security deposit (typically 5 weeks’ rent)
- Prepare for extra costs such as utilities, internet, and contents insurance (note that students are exempt from paying council tax).
- Most landlords require rent via direct debits, so a UK bank account is useful. Consider setting up a digital bank account either before you arrive or shortly afterwards. Options like Monzo, Revolut, Starling, or Chase are excellent choices.
Popular Rental Areas for International Students:
- South Kensington & Chelsea — ideal for Imperial students and those who want luxury living
- Marylebone & Fitzrovia — close to UCL and Oxford Street
- King’s Cross & Islington — ideal for LSE and Central Saint Martins
- Canary Wharf & Stratford — modern developments with good public transport
At The Property Story, we secure high-quality, fully managed rental properties with short lead times and minimal stress.
Housing Options to Consider:
- Private housing: Flats or houses let by landlords through agents
- Private accommodation: Purpose-built student accommodation (PBSA) with amenities
- Shared accommodation: Rent with other students to reduce costs
- Without a UK guarantor, options exist: Housing Hand, YourGuarantor, and RentGuarantor can guarantee rent. Universities may offer schemes to assist international students, so ask for guidance.
Can International Students Buy Property in London?
Yes, non-UK citizens can buy property in the UK. There are no legal restrictions on foreign ownership of real estate. Many families choose to invest in a property rather than rent for 3–5 years, especially in the competitive property market of London.
Why Buy Instead of Rent?
- Avoid rising rental market prices
- Secure a prime location near university
- Build long-term equity or generate rental income
- Full control over your space and design
- Treat it as an investment property for the future
- Parents of student buyers often see the purchase as a way to support their child while investing in London real estate
What You’ll Need to Buy:
- Proof of income, family funds, or a mortgage agreement in principle
- ID and address verification, including bank statements
- Legal representation (solicitor) to meet legal requirements
- UK residence permit or valid visa (while international students can legally purchase property in the UK regardless of their immigration status, living in the UK for more than six months requires a valid visa or residence permit. Simply owning a property does not grant the right to reside—so if you plan to live in the UK, you must secure appropriate immigration permission.)
- Support from a buying agent familiar with international clients
- Careful planning is needed for tax, visa status, and future use of the property
Understanding the Financial Side:
- The purchase price is only one part of the equation
- Additional costs include:
- Stamp Duty Land Tax (SDLT) — a progressive tax that foreign buyers must pay. For example, a 2% surcharge applies to foreign buyers
- Legal fees, survey costs, and potential service charges for flats
- Work with specialists to structure ownership if the student parent is funding the purchase
We specialise in helping international families navigate the purchase process, from shortlisting to negotiation and completion.
Can Students Get a Mortgage?
While it’s possible, most lenders require:
- A UK-based income or a working family member
- Strong credit score and documentation
- Alternatively, a family member (parent/guardian) can act as a guarantor
- Specialist brokers exist who offer mortgage options to students or foreign buyers backed by family wealth
If a mortgage isn’t feasible, families typically purchase with cash or with the help of a UK broker.
Renting vs Buying: A Quick Comparison
| Feature | Renting | Buying |
|---|---|---|
| Upfront Costs | Larger deposit, 6–12 months upfront | Deposit (10–20%) + legal & agent fees |
| Flexibility | Higher — ideal for 1–2 years stay | Lower — suited for 3+ years or investment |
| Ownership | No | Yes — property is in your name or trust |
| Personalisation | Limited | Full control over design/furnishings |
| Credit Check | Yes, credit score may be required | Needed if applying for mortgage |
Case Study: A Family Investment in Marylebone
Client: Swiss family with a daughter studying at Regent’s University London. Solution: We sourced a two-bedroom apartment in Marylebone near Baker Street, with concierge and high-end amenities. Result: Purchased within 8 weeks. The daughter now lives there while the second room is rented to a fellow student, generating income.
“Thanks to The Property Story, we not only found a safe and elegant home for our daughter but made a smart investment in central London.” — Claire, Geneva
The Role of the UK-Based Guarantor
Having a UK-based guarantor greatly improves your chances of securing a rental property. This is often a friend or relative who agrees to cover rent if the student cannot pay. If unavailable, use reputable services like Housing Hand, YourGuarantor, or RentGuarantor, which provide guarantees for a fee and check the student’s academic record, enrolment, and income sources.
Some properties accept an international guarantor, but this varies and is less common.
How The Property Story Can Help
At The Property Story, we help international students and their families:
- Understand the UK rental market or purchase process
- Discover the right areas based on transport links, budget, and lifestyle
- Work with experienced Estate agents, lawyers, and brokers
- Access exclusive properties before they go live online
- Arrange furniture, and utility setup
We also connect students with:
- Short-term accommodation on arrival (hotel, Airbnb, serviced apartment)
Book a complimentary consultation today to begin your London property journey with expert support.
Frequently Asked Questions
Can international students buy property in London? Yes, there are no restrictions. Many overseas students and their families purchase flats near university as a long-term solution.
Can international students rent in London without a UK guarantor? Yes, but you may be required to pay more rent in advance, or use a guarantor service like Housing Hand.
What’s the average cost to rent or buy in London? The average cost to rent a studio apartment is £1,600–£2,200/month in Zone 1. The property price for a one-bedroom flat can range from £550,000–£900,000 depending on the area. For student parents supporting multiple children, this can add up to significant yearly savings if buying instead of renting.
Can I stay in the UK after graduation if I bought a property? Owning a property does not affect your immigration status. You will still need the appropriate residence permit or post-study visa.
Is renting through an online service safe? Some online services are legitimate, but always verify agents and landlords. Our team only works with vetted professionals and secure contracts.
How long does it take to find a rental or buy property in London?
For rentals, the process can take 1–4 weeks if you’re well prepared. For purchases, allow 6–12 weeks depending on the complexity. Start early, ideally 2–3 months before your move.
Do I need to be in London to secure a property?
Not necessarily. Many families handle searches, viewings, and contracts remotely. Our team offers virtual tours, local inspections, and coordinates everything on your behalf.
What’s the benefit of working with a buying or rental agent?
Agents like us save you time, avoid costly mistakes, and secure properties before they hit the market. We handle negotiations, documents, and ensure everything is ready before arrival.
Your London story starts with the right property. Let us help you write it.
