Buying a home involves several key steps, and each one brings you closer to the excitement of owning your own property. Here’s a road map to guide you through the process from start to finish.

Step 1: Save for a Deposit
Aim to save at least 5-10% of the property’s value for your deposit. However, a higher deposit (such as 15-20%) often leads to better mortgage deals.
Tips:

• Set a monthly savings goal
• Research government schemes, such as the Lifetime ISA, which offer bonuses for first-time buyers.
• Cut unnecessary expenses or find ways to boost your income to reach your goal faster.

Step 2: Get a Mortgage in Principle
A mortgage in principle (MIP) gives you a clear idea
of how much you can borrow, making your property search easier. It also shows sellers you’re a serious buyer.
Tips:

• Use a broker to help find the best deal for your situation.
• Have documents ready, such as proof of income and ID, to speed up the process.
• Keep your credit score in good shape by paying bills on time and avoiding major credit applications before applying.

Step 3: Start Your Property Search
Now comes the fun part! Work with estate agents, attend viewings, and compare properties based on location, size, and future growth potential.
Tips:

• Make a list of “must-haves” and “nice-to-haves” to stay focused.
• Research the area, looking at things like schools, public transport, and local amenities.
• Don’t rush! View multiple properties to understand what’s available within your budget.

Step 4: Make an Offer
Once you find a property you love, it’s time to make an offer. Don’t be afraid to negotiate—many sellers expect it.
Tips:

• Check recent sale prices of similar properties in the area to inform your offer.
• Start with an offer slightly below your max budget to leave room for negotiation.
• Be prepared to adjust your offer if you face competition from other buyers.

Step 5: Arrange a Solicitor for Conveyancing
Conveyancing is the legal process of transferring ownership from seller to buyer. A solicitor will handle all legal checks and paperwork.
Tips:

• Choose a solicitor experienced with
  first-time buyers to guide you through.
• Stay in regular contact to ensure all searches and contracts are progressing smoothly.
• Be prepared for additional costs, like searches and registration fees.

Step 6: Arrange a Survey and Valuation
A property survey will highlight any structural issues, while the valuation assures the lender the property is worth the mortgage amount.
Tips:

• Opt for a more detailed survey if the property is older or you have specific concerns.
• Use any issues found in the survey as leverage to negotiate the price or request repairs.
• Factor in survey costs when budgeting for upfront expenses.

Step 7: Finalise the Mortgage and Prepare to Exchange Contracts
Once all checks are complete, your solicitor will draft the final contract, and your lender will issue a formal mortgage offer.
Tips:

• Review the mortgage offer thoroughly with your broker to ensure it meets your expectations.
• Get insurance in place, as it’s often required before exchange.
• Have your deposit ready, as this is typically paid when you exchange contracts.

Step 8: Completion Day – Get the Keys!
Completion is the day ownership officially transfers to you, and you receive the keys to your new home.
Tips:

• Confirm moving arrangements and ensure utility accounts are set up.
• Budget for any immediate post-move expenses, like minor repairs or furnishings.
• Take a meter reading on move-in day to avoid issues with future bills.