Getting a UK bank account and leasing short term properties

Southfields Underground Station, Wimbledon Park Road. (Photo credit: Wikipedia)

We had heard of the catch 22 situation with regards to getting a bank account in the UK – to get an account you needed a UK address and to rent a place you need a UK bank account.

It turned out to be quite simple in the end. If you are moving here, seek out a short term lease with a real estate agent and be prepared to pay the rent up front. This will give you an address and will enable you to open a bank account (presuming you have a UK passport or appropriate visa).

Short term leases are more expensive than a long term lease, but everything was included in ours – tax, electricity, gas, water and wifi. If you are going to be in London for a few weeks, it’s far cheaper option than hotels and holiday lets.

We leased a property in Zone 3 in Southfields (near Wimbledon). Easy access to the city via the Tube, but you get to escape the craziness of Zones 1 and 2 which can become overwhelming. A 2 bedroom fully furnished flat with all facilities cost us £700/week.

So look for a place to live either before you move here or start looking as soon as you get here and bring the cash to pay up front and this part of your move to the UK should be quite simple.

Next blog – how to lease a long term property – not so simple! Hint – it’s going to cost you more than you think…