Brad Pitt & Angelina Jolie Buy $16 Million London Home: Report

05/03/2012 at 12:40 PM EDT

Angelina Jolie, Brad Pitt Engaged -- and Buying House in London?
Whomes Place in Richmond, Surrey, with Brad Pitt and Angelina Jolie (inset)
WENN; Inset: Steve Granitz/WireImage

Brad Pitt

Brad Pitt

Angelina Jolie and Brad Pitt are not the proud new owners of a London mansion after all.

Despite a report in the Sun tabloid that the couple bought a $16 million mansion in Richmond, West London, a source close to the family tells PEOPLE that the news is not true.

The engaged couple previously rented the residence, called Whornes Place, last year, while Pitt was filming the zombie movie World War Z. The monthly rent was reportedly close to $50,000.

As for amenities, the house is not lacking for much, says the paper. There's an indoor swimming pool – perfect when you have six kids – and decorative touches are said to include 15th century wooden beams.

A source told the Sun: "They like the culture and are happy for their children to receive schooling here. They think Richmond is a beautiful part of the world."

Reps for the couple could not be reached.

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