The squatters say they gained access to the three-storey Georgian house on Chester Square, Belgravia in Central London legally by opening an unlocked window with a broken payne in it.
There are now seven occupants, in the newly decorated house which has four bedrooms and two bathrooms. They come from countries including Nepal, Romania and the US.
One of them, Jake Tag, 29, is a former Green Jacket from Durban, South Africa, who now works as a building labourer. He served in the Army for six and a half years and did tours of Bosnia, Kosovo, Iraq and Afghanistan, leaving the forces three years ago.
Since then he has been journeying around the country working as a labourer and steel erector on building sites and often living in squats.
Mr Tag, who now has an en-suite bathroom and says he plans to borrow some furniture from friends, said he had walked down the street to Lady Thatcher's home, which is patrolled by armed police officers, to deliver a note inviting her around for tea.
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