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House Price Guess

First-Time Buyer Guide

Buying your first home can feel overwhelming. Follow our step-by-step guide to navigate the process with confidence.

1

Budget & Mortgage

Before you start house hunting, work out what you can afford. Get a mortgage agreement in principle (AIP) so sellers and agents take you seriously. Factor in stamp duty, solicitor fees, surveys, and moving costs on top of the purchase price.

Top Tips

  • Use an online mortgage calculator to understand your monthly repayments.
  • Save at least 5-10% of the property price for a deposit — the more, the better rates you will get.
  • Speak to a mortgage broker; they can access deals you might not find on your own.
  • Do not forget about additional costs: stamp duty, legal fees, survey costs, and moving expenses.
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All Steps at a Glance

1Budget & Mortgage
Before you start house hunting, work out what you can afford. Get a mortgage agreement in principle (AIP) so sellers and agents take you seriously. Factor in stamp duty, solicitor fees, surveys, and moving costs on top of the purchase price.
2Research Areas
Choosing where to live is just as important as the property itself. Research local amenities, transport links, schools, crime rates, and future development plans. Spend time in the area at different times of day to get a real feel for it.
3View Properties
Once you know your budget and preferred areas, start viewing properties. Go to as many viewings as possible to calibrate your sense of value. Take notes and photos. Look beyond the decor and consider the structure, layout, and potential.
4Make an Offer
When you find the right property, it is time to make an offer. Research comparable sold prices in the area to inform your bid. Your estate agent will present the offer to the seller. Be prepared to negotiate but know your upper limit.
5Survey & Legal
After your offer is accepted, instruct a solicitor to handle the conveyancing and arrange a property survey. The survey may reveal issues that affect the value or lead to further negotiation. Your solicitor will handle searches, contracts, and legal checks.
6Exchange & Complete
Exchange of contracts is when the purchase becomes legally binding. You will pay your deposit at this point. Completion typically follows 1-2 weeks later when you get the keys. Make sure your mortgage, insurance, and moving arrangements are all in place.