Independent, Fee Free Mortgage Advice in Westminster, London from Our Experienced Mortgage Brokers and Advisors

Welcome to Chesterton Grant Mortgages, your trusted provider of fee-free mortgage advice in Westminster, London. Our team of experienced advisors is dedicated to helping clients navigate the complexities of the Westminster property market with confidence and ease. Whether you are a first-time buyer, landlord, or looking to remortgage, we provide tailored advice to meet your specific needs. If you are looking to get mortgage advice for buying a property in Soho, St James, Mayfair, Covent Garden, Pimlico, Victoria, Belgravia, or Knightsbridge, you have come to the right place.

Local Property Market Insights


Property Trends in Westminster, London

Westminster is one of the most prestigious areas in London, known for its historical landmarks, luxury properties, and high demand. Below are key insights into the local property market:

  • Average Property Prices: The average property price in Westminster is approximately £1.2 million, with premium properties exceeding several million pounds.
  • Market Trends: Westminster remains a hotspot for high-net-worth individuals and investors due to its prime location, world-class amenities, and cultural attractions.

Breakdown of Property Types and Prices in Westminster, London

Property Type Typical Price Range (£)
Flats 600,000 - 2,500,000
Terraced Houses 2,500,000 - 5,000,000
Semi-Detached Homes 3,000,000 - 7,000,000
Detached Homes 5,000,000 and above

Westminster offers a mix of period apartments, Georgian townhouses, and luxurious new-build developments, catering to a range of buyers and investors.

Westminster's property prices are high due to its desirability, world-class amenities, and its location close to central London. The most desired areas like Soho, St James, Mayfair, Covent Garden, Pimlico, Victoria, Belgravia, or Knightsbridge make securing the right mortgage essential for prospective buyers.

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Average house price in Westminster was £866,000 in November 2024


The provisional average house price in Westminster in November 2024 was £866,000. This was lower than the average of £997,000 in November 2023 (revised), a 13.1% fall.

Annual change in house prices in Westminster

Across London, the average house price in November 2024 was £511,000, which was in line with a year earlier (£512,000).

This meant that, in November 2024, Westminster had the second highest average house price in London.

In the year to November 2024, the average price for flats in Westminster fell by 12.8%, while the average price for detached properties decreased by 19.5%.

Change in house price by type of property in Westminster

Mortgage Options and Advice for Westminster, London


Types of Mortgages Available

  • Fixed-Rate Mortgages: Ideal for those seeking financial stability and predictable payments.
  • Tracker Mortgages: Suitable for buyers comfortable with fluctuations in interest rates.
  • Buy-to-Let Mortgages: Designed for landlords looking to invest in rental properties.
  • High-Value Mortgages: Bespoke solutions for properties valued over £1 million.


Key Considerations

  • Affordability: Given the premium property prices in Westminster, larger deposits are often required, typically ranging from 15% to 25%.
  • Loan-to-Value (LTV): Bespoke LTV arrangements are common for high-value properties.
  • Local Expertise: Knowledge of Westminster’s unique neighbourhoods, such as Belgravia and St James’s, is essential when choosing the right mortgage.


Why Choose Fee-Free Mortgage Advice?

At Chesterton Grant, our fee-free mortgage advice ensures you receive expert guidance without additional costs. We offer transparent, customer-focused service, saving you time and money in your property journey.


Other Services Offered by Chesterton Grant

In addition to mortgage advice, we provide:

  • Re-mortgaging Advice: Helping you secure better rates or release equity.
  • Insurance Advice: Comprehensive guidance on life, home, and income protection.
  • Buy-to-Let Expertise: Tailored mortgage solutions for landlords.

‘As a mortgage is secured against your home or property, it could be repossessed if you do not keep up the mortgage repayments’


‘Some types of buy to let mortgages are not regulated by the Financial Conduct Authority’


FAQs About Mortgages in  Westminster

  • What is the average deposit required for a property in Westminster?

    Deposits typically range from 15% to 25% of the property price. For high-value properties, having a larger deposit can unlock more favourable mortgage rates and terms. Many buyers in Westminster choose to put down higher deposits to increase their borrowing power, especially given the premium nature of the area’s property market.

  • Can I get a mortgage for a high-value property in Westminster?

    Yes, Chesterton Grant specialises in high-value mortgages tailored for properties priced over £1 million. These mortgages often involve bespoke arrangements, including tailored Loan-to-Value ratios and specific terms suited to high-net-worth buyers. Our advisors work closely with lenders who have experience in financing high-value properties, ensuring competitive rates and terms that align with your financial goals.

  • What are the benefits of buying a property in Westminster?

    Buying a property in Westminster provides access to some of London’s most iconic locations and amenities. Residents enjoy world-class shopping districts such as Bond Street, a variety of Michelin-starred restaurants, and proximity to landmarks like Buckingham Palace and the Houses of Parliament. Additionally, Westminster’s excellent schools, green spaces such as St James’s Park, and unparalleled transport links make it a highly desirable area for families, professionals, and investors.

  • How long does it take to secure a mortgage in Westminster?

    The process of securing a mortgage typically takes between 4 to 8 weeks, but this can vary depending on factors like the complexity of your financial profile, the lender’s processing times, and the property’s legal standing. At Chesterton Grant, we aim to streamline this process by maintaining constant communication with lenders and ensuring all documentation is complete and accurate. Our proactive approach helps minimise delays and ensures a smooth journey to mortgage approval.

  • What are the benefits of using a fee-free mortgage broker in Westminster?

    Using a fee-free broker like Chesterton Grant offers several advantages. Firstly, you save money by avoiding broker fees, which can sometimes amount to thousands of pounds. Secondly, our advisors provide unbiased recommendations, searching the market to find the most competitive deals tailored to your needs. We also manage the entire process, from initial consultation to final approval, reducing stress and saving you time. With our local expertise in Westminster’s property market, you can trust us to provide personalised, professional support every step of the way.

Why Choose Chesterton Grant?

Local Expertise: In-depth knowledge of Westminster’s property market.

Transparent Service: No hidden costs or fees.

Customer Focus: Tailored mortgage solutions to suit your needs.

Navigating a complex financial landscape

In the face of currently escalating living costs and interest rates, Chesterton Grant Mortgage can help you navigate the complex financial landscape. Our mortgage team can both research and identify tailored solutions to help alleviate your stress without compromise. With careful analysis and a holistic approach, our advisors help facilitate a smoother path towards obtaining a mortgage.

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 Always contactable and flexible but also solve any problems encountered along the way.

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