For someone who’s about to buy and own a home for the first time, the entire process can seem so scary what doubts whether it is being done the right way or not is inevitable. The whole thing requires a lot of paperwork and going through so many processes, not to mention a lot of people getting involved in it.  But to make it less stressful and for you to be sure you’re on the right track, it pays to have a clear and basic understanding of the home buying process.


  1. Research Matters - Property buying is a huge financial commitment - whether you’re doing it for the first time of you’ve already bought one in the past. One wrong move and you’re broke, so it’s important to do your homework. Start with your finances to find out if you can afford it or not, then move along to finding an ideal property and details about it.

  1. Getting a Mortgage - If you can’t buy the property in cash, you’ll have to borrow and secure the property against it, hence, you’ll need a mortgage. In finding one, you can consult with mortgage brokers, trusted financial institutions, or through the Internet. Find out as much information about them and look for the best deal. Once you found one, you should be able to arrange an agreement in principle with your chosen lender

  1. Viewing and Making an Offer - With your mortgage agreement at your disposal, you should be ready to look at a good property for you to buy. Arrange viewings directly with sellers or through an estate agent. Once you’ve found the ideal property, make a reasonable offer. You can either agree with the seller’s asking price or lower your offer down to something you feel your seller would agree to.

  1. Hire a Conveyancer for the Legal Process and the Paperwork - Although you can do this on your own, it’s not very ideal. There’s just a lot of places to go to, people to deal with, legal processes to go through, and paperwork to get sorted. So, find a solicitor or a licenced conveyancer to take care of it. You can either do your search for a conveyancer through various websites or via the UK Law Society’s website

  1. Arrange a Survey - The lender will require you to have this done to make sure if it’s value is worth the asking price. You can choose to have any of these three surveys done: a condition report to basically check the current condition of the house without a valuation or investigation of possible repairs in the future; a homebuyer’s report that thoroughly checks the house for value, current state, and possible future structure problems; and a structural survey which goes through inside and outside the property and ideal for older and unusual properties. The Royal Institute of Chartered Surveyors advises home buyers to get in touch with local surveyors to get the best option

  1. Exchange Contracts - If everything goes well, you can sign and exchange contracts with the seller through your conveyancer. At this point, you’re required to put in a deposit of roughly 10% of the agreed selling price. You are now also in a legally binding agreement with the seller and any backing out would cost you to lose the deposit and other legal issues.

Complete - When everything is in place, the deposit is in and the contracts are signed and exchanged, you’re ready to make arrangements to pay the remaining balance, get the keys, and pay the Stamp Duty Land Tax, Land Registry and other  fees through the help of your solicitor.