Ten Steps To Buying Your First Home

A property is one of the most expensive items you are ever likely to buy and the decision you make will have a major impact on your life. With so much at stake, it is little wonder that the process may seem overwhelming.

Here we give you a head start by telling you 'what happens when'. We can help you each step of the way.

Step 1.

Consider your finances. How much will you be able to borrow? Will you be able to afford your monthly repayments?

Step 2.

Consider which type of mortgage is suitable for your particular circumstances. We strongly recommend that you get a decision in principle to strengthen your buying position when making a bid on your dream home.

Step 3.

Work out what type of house and where you want to buy.

Step 4.

Now plan a mortgage.

Step 5.

Appoint a solicitor.

Step 6.

Make an offer to purchase the home of your choice.

Step 7.

Arrange a survey.

Step 8.

'Exchange contracts'. Your solicitor will tell you when it's time for you and the vendor (seller) to sign and exchange contracts. This involves payment of a deposit which will usually be 5 or 10% of the purchase price.

Step 9.

Arrange Removals and Connections.

Step 10.

Complete and Move In! 'Completion' takes place when your solicitor forwards the purchase money to the vendor's solicitor. On completion you can take the keys and move in to your new home!

We are happy to help you at any stage of the buying process so please do not hesitate to contact us should you like any assistance or advice on any matter related to purchasing your first home.