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Independent, fee free mortgage advice in Kensington and Chelsea, London from our expert mortgage brokers and advisors

Welcome to Chesterton Grant Mortgages, your trusted partner for fee-free mortgage advice in Kensington and Chelsea,  and the surrounding areas in London. Whether you’re buying your first home, moving up the property ladder, or expanding your investment portfolio, we’re here to provide expert guidance tailored to your needs.

The Kensington & Chelsea Property Market: Facts and Figures

Kensington & Chelsea is one of London’s most prestigious and sought-after areas, offering a mix of historical charm and modern convenience. Here’s a snapshot of the property market in this area:


Property Type Average Price (2024)* Typical Features
Flats £1.2 million Period conversions, modern developments, studio flats
Terraced Houses £3.5 million Victorian and Georgian architecture
Detached Homes £8+ million Large gardens, luxury finishes, gated properties
New-Build Developments £1.5 million Energy-efficient, modern designs, concierge services

(*Figures based on UK Government and property market reports as of late 2024.)

Kensington and Chelsea’s property prices reflect its high desirability, world-class amenities, and proximity to central London. This also makes securing the right mortgage essential for prospective buyers.

Average house price in Kensington and Chelsea was £1,183,000 in September 2024

The provisional average house price in Kensington and Chelsea in September 2024 was £1,183,000. This was lower than the average of £1,344,000 in September 2023 (revised), a 12.0% fall.



Annual change in house prices in Kensington and Chelsea

Average Prices by Property Type in Kensington and Chelsea, as of September 2024 were:

  • Detached properties: £3,197,000
  • Semi-detached properties: £3,407,000
  • Terraced properties: £2,283,000
  • Flats and maisonettes: £1,014,000


First-time buyers in Kensington and Chelsea paid £1,021,000 on average in September 2024

First-time buyer house price in Kensington and Chelsea compared with London

Types of Mortgages for Properties in Kensington and Chelsea


Whether you’re purchasing a flat or a grand detached home, understanding your mortgage options is key. Here are some common types available for Kensington and Chelsea buyers:

  • Fixed-Rate Mortgages: Offer stability with a consistent interest rate, ideal for those who prefer predictable payments.
  • Tracker Mortgages: Linked to the Bank of England base rate, these offer potential savings when rates are low.
  • Buy-to-Let Mortgages: Tailored for landlords investing in Kensington’s rental market, these often require a higher deposit.
  • High-Value Mortgages: Designed for luxury properties, these mortgages accommodate higher loan amounts typical in Kensington.


Why Choose Fee-Free Mortgage Advice from Chesterton Grant?

At Chesterton Grant Mortgages, we believe in making the home-buying process as straightforward as possible. Here’s why our fee-free mortgage advice stands out:

  1. Cost Savings: No fees mean more money in your pocket to put towards your new home.
  2. Expert Knowledge: Our advisors specialise in London’s property market, ensuring tailored solutions.
  3. Independent Advice: We work with a wide range of lenders to find the best deal for you.


Fully independent mortgage advice in Kensington and Chelsea

When a mortgage advisor has no affiliations to any specific lenders, prioritising your interests can be put first. You advisor can find you the best mortgage options to meet your current needs & circumstances. When a Mortgage Advisor is tied to a specific pool of lenders, it can restrict which mortgage products they offer you as they have a limited market to choose from. 

Beyond Mortgages: Comprehensive Financial Services for Kensington and Chelsea Residents

 Chesterton Grant provides a suite of services to support your financial and property-related needs:


  • Remortgaging Advice for Kensington and Chelsea Residents: Helping you switch to a better deal or release equity from your property.
  • Insurance Advice: Protect your home and family with tailored insurance solutions.
  • Buy-to-Let Expertise for Kensington and Chelsea Properties: Guidance for landlords navigating Kensington’s lucrative rental market.
  • Retirement Planning Advice for Kensington and Chelsea Residents: Strategic planning to ensure financial security and peace of mind in your retirement years.
  • Estate Planning & Wealth Management Services for Kensington and Chelsea Residents: Expert advice on safeguarding your assets, minimising tax liabilities, and ensuring your estate is distributed according to your wishes.
  • Income Protection, Critical Illness, and Insurance Services for Kensington and Chelsea Residents: Comprehensive coverage options to protect your income, provide financial support in case of critical illness, and secure your family's future.



‘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: Mortgage Advice in Kensington

  • What is the average house price in Kensington and Chelsea, London?

    Average house price in Kensington and Chelsea was £1,183,000 in September 2024

    The provisional average house price in Kensington and Chelsea in September 2024 was £1,183,000. This was lower than the average of £1,344,000 in September 2023 (revised), a 12.0% fall.


     

  • What is the average deposit required for a property in Kensington and Chelsea?

    Most buyers need a deposit of at least 10-20% of the property price. For high-value properties, deposits can exceed £200,000.

  • Can I get a mortgage for a £2 million property in Kensington and Chelsea, London?

    Yes, you can secure a mortgage for a £2 million property in Kensington and Chelsea, but it requires specialized approach:


    Lending Landscape

    High street lenders often struggle with multi-million pound properties.

    Specialist mortgage brokers, like Chesterton Grant, are crucial for navigating this market.

    Private banks and specialist lenders offer tailored solutions for high-value properties.


    Key Considerations

    Complex income structures may be accepted (bonuses, commissions, self-employment)

    Lenders will carefully assess:

    Credit score

    Income stability

    Down payment

    Overall financial profile

  • What does fee-free mortgage advice mean?

    It means we don’t charge you for our advice. Instead, we’re paid by lenders, ensuring you get expert guidance at no extra cost.

  • Are there specific mortgages for first-time buyers in Kensington and Chelsea?

    Yes, many lenders offer favourable rates and schemes for first-time buyers, including government-backed options.

  • How long does it take to secure a mortgage in Kensington and Chelsea?

    Typically 4-6 weeks, but this can vary depending on the lender and your circumstances.

  • What are the benefits of buying a property in Kensington and Chelsea?

    One of the primary benefits of purchasing a property here is the area’s enduring appeal and strong market performance. Properties in Kensington and Chelsea consistently retain their value and often appreciate due to high demand and limited supply. Additionally, the borough offers unparalleled luxury, heritage, and convenience with its iconic landmarks, green spaces, thriving retail and dining scene, excellent schools, and exceptional connectivity.


    Kensington and Chelsea, often regarded as one of London's most prestigious boroughs, offers an unparalleled blend of luxury, heritage, and convenience, making it an exceptional place to live or invest. This iconic area is synonymous with elegant Victorian and Georgian architecture, tree-lined streets, and world-class amenities, drawing homebuyers from across the globe. Whether you're a professional seeking proximity to central London, a family looking for outstanding schools, or an investor targeting high-value properties, Kensington and Chelsea cater to all.


    The borough boasts some of the highest average property prices in the UK, underpinned by its prime location, luxurious housing stock, and the cachet of owning a home in one of London's most desirable postcodes.


    Beyond its property market, Kensington and Chelsea are famed for their cultural and recreational offerings. The area is home to iconic landmarks like Kensington Palace, the Royal Albert Hall, and the Natural History Museum, all of which contribute to its rich cultural heritage. Green spaces such as Hyde Park and Holland Park provide tranquil havens amid the urban landscape, ideal for outdoor activities or leisurely strolls. Residents also enjoy access to a thriving retail and dining scene, with the exclusive boutiques of King’s Road, High Street Kensington, and Sloane Square, alongside Michelin-starred restaurants and charming cafes.


    The borough's exceptional connectivity is another key advantage. It offers quick and easy access to central London, Heathrow Airport, and international transport links via the District, Circle, and Piccadilly Tube lines. Additionally, the area is renowned for its top-tier educational institutions, including some of the best private schools and universities in the country, making it a sought-after location for families.


    Kensington and Chelsea’s charm lies in its ability to seamlessly combine historic grandeur with modern convenience. From its vibrant arts and culture scene to its reputation as a secure and prestigious residential area, it’s no surprise that this borough remains a popular choice for discerning buyers. Whether you’re looking for a luxurious family home, a prime investment opportunity, or a pied-à-terre in the heart of London, Kensington and Chelsea promise a lifestyle of unmatched elegance and opportunity.


  • What are the benefits of using a fee-free mortgage broker in Kensington and Chelsea?

    Using a fee-free mortgage broker saves costs while offering tailored advice, local market expertise, and access to a wide range of mortgage products. Brokers simplify the process, provide unbiased recommendations, and specialise in high-value properties, ensuring you secure the best deal without additional charges.

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.

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

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