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Your step by step guide to getting on the ladder Buying your first home is an exciting – but a daunting task. In this simple step-by-step guide we’ll break down every stage, so you know exactly where you stand and what you need to do.
1. Set out your budget Before you start searching for the perfect place, it’s important you know what size mortgage you can afford. Use our mortgage calculator to see how much you could borrow. Contact your local mortgage broker for advice.
2. Check out your mortgage options There are a number of mortgage and repayment options available for first time buyers. I can obtain a Mortgage Certificate (also known as agreement/decision in principle) showing what the lender is prepared to lend you subject to some checks such as affordability. This is useful when dealing with estate agents and sellers because it shows you are a serious purchaser.
3. Make an offer You’ve found the place that’s right for you, and it’s in your price range. You then make an offer to purchase. Formal offers are normally made in writing by a solicitor acting on your behalf, so you will need to appoint one before, or as soon as, you find a house you would like to buy.
4. Appoint a solicitor If you don’t already have a solicitor, we can help you find one. We have secured exclusive discounts of 10% with local solicitors Bridge McFarland and Beetenson & Gibbon.
5. Your offer is accepted If your offer has been accepted, the home you want to buy is said to be 'sold subject to contract'. You may be asked to pay a small deposit as a gesture of good faith, but at this stage the agreement is not legally binding.
6. Sort out your mortgage, protection and insurance Once your offer to buy has been accepted, I can make sure your mortgage, protection and insurance applications are completed.
7. Get a property survey and valuation The mortgage lender will require a basic Valuation for Mortgage Purposes. You may want to have a more detailed Home Buyer survey or a full structural survey carried out for your own peace of mind – especially if the property is old or needs some work.
8. Exchange contracts When your solicitor has completed all the necessary checks, you'll be asked to sign a contract legally committing you to the purchase. At this stage you'll also pay a deposit and agree a completion date. The deposit is usually a minimum of 5% of your property's purchase price. On average, you will have between two and four weeks before you can move in, so this is a good time to tell friends and colleagues, arrange insurance, contact the local authority, and make arrangements with utility companies. And don’t forget, you’ll need buildings insurance in place from the date of exchange of contracts.
9. Paying the loan cheque Your solicitor will get the loan cheque or telegraphic transfer ready to pay the seller. At this point you may be required to pay your solicitor for their work and for extra expenses like Stamp Duty and the Land Registry Fee .
10. Completion Congratulations, it’s the day you move into your new home. Your solicitor will complete the purchase, then you can collect the keys and move in. 
We will help you with your solicitor, estate agent, surveyor, lender…….in short, we will be with you EVERY STEP OF THE WAY
YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.
We normally charge a fee for mortgage advice. The amount will depend on your circumstances. A typical fee would be £99 payable upon application and further £300 payable only on completion of mortgage.
Some of the products/services shown above are not or may not be regulated by the Financial Conduct Authority.
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