30
Jun-2015

Relocating to London: The Key Considerations

United Kingdom   /  

While relocating can be challenging, choosing a destination can be even more difficult. Unless you are required to relocate due to work or family reasons, you have an entire world to choose from depending on your nature, preferences and financial resources. Locations can also be quite deceptive too, as some regions are defined by a number of surprising facts that reinforce their appeal as desirable places to live.

Relocating to London

Relocating to London

Take the UK’s second city Birmingham, for example, which appears to many as an industrial region with a strong stake in manufacturing. While there may be some truth in this, it is a little known fact that Birmingham actually has more than 35 miles of water ways and is home to more canals than Venice. With this in mind, you must conduct huge amounts of research into selecting a viable property for relocation.

Moving to London: How to Execute a Seamless Relocation

London also suffers from a series of misconceptions and preconceived ideas. The capital is often regarded as an over-priced region, for example, with recent reports suggesting that it remains the most coveted spot for overseas property investors. While such a reputation has served to hike price points even further, this should not distract from London’s standing as a place of diversity, culture and variable lifestyles. In this respect, it represents a wonderful relocation so long as you can reduce costs and achieve value for your investment.

Consider the following steps towards achieving this: –

  1. Make Affordable and Viable Accommodation your Priority

Whether you relocate to London or a less metropolitan area, you will need to achieve the ideal balance between cost and viability. The first step is to prioritise the process searching and identifying potential accommodation options, however, before narrowing down your choice and making a final, informed decision. The time consuming nature of this process demands a strong commitment, while you must be organised in your approach and have a clearly defined list of requirements that are detailed in order of their importance.

From here, you can immediately eliminate areas that do not match your criteria. This is a God-send, primarily because it affords you more time to review viable properties that are more suited to your needs. If you identify a number of potential properties within a specific region, you should also look to partner with any reputable real estate agencies with local expertise. The agent Featherstone Leigh has a large number of properties in areas such as Richmond, for example, making it easier for interested parties to find the home of their dreams.

Above all else, you will need to allow time for this process, so you should start to scour the market for properties from the moment that you choose to relocate to London.

  1. Create a Long-term plan for Sustainability

While your reasons for relocating to London are personal and unique to you, there are a small number of fundamental rules that you must adhere to if you are to thrive. Most importantly, you will need to have a long-term plan for sustainability, or at least the means to support yourself financially for as long as you decide to stay. If you are taking a fixed sum of money to help with the transition period, for example, you will need to establish a realistic budget that lets you calculate exactly how long these resources will last you.

If you intend to work upon your arrival, this is something that you should look to organise alongside accommodation. The first step is to guarantee your right to work, as this will require a specific visa that relates to your chosen industry and type of employment contract that you will receive. You will need to have this confirmed and in your possession before you arrive in London, so those who organise this early will see the most benefit.

You should also research your tax requirements when calculating your average monthly income, which will depend on your salary, whether you are part or full time and the amount of hours that you work.

  1. Become an Established Member of Society

While many of these tasks can be completed prior to relocating, some cannot be attempted until you have arrived in the UK. Take the opening of a bank account, for example, for which most institutions require your presence at a London bank to oversee. You will also need paperwork including your passport, birth certificate and anything that details your new address, but this can at least be collated before you complete your move.

You will also need to obtain a UK mobile phone, whether you invest in a contract or purchase a pay-as-you-go smartphone. You may not be able to secure a long-term contract initially, however, so a better option may be to ask for a rolling, SIM-only deal that continues on a monthly basis. When you arrive, you should also look to get to grips with the public transportation system in the UK and plot all routes before making journeys (especially with regards to your work commute).

On a final note, be sure to do some research on the strength of the pound before relocating? This way you will know exactly how much money you will be entering the UK with, while it also makes it easier to understand the value of your new currency.

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Miki Mo

I am a traveler. I have seen lots of places – from exotic Asia to sophisticated Europe! What makes me appreciate every place the most are the warm people who welcome me – and their willingness to show their culture and tradition! Most of the events I really love, involve feasts and celebrations – each country, each ethnic group has a unique way of celebrating nature, and each has unique tradition – which is such a magnificent scene to watch. Truly, there is a lot to learn in the world – a lot of things to explore, and the journey never ends, well, at least for me ☺

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