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Guide to Buying Your First Home

On May 22, 2017

Guide to Buying Your First Home

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Buying your first house is a hugely exciting time, however it can also be incredibly daunting and there will be many decisions and arrangements that need to be made before even finding that house of your dreams.

Here is our guide to the process of buying your first home.

  1. Money matters
  • Calculate how much you can borrow: – first and foremost you need to know what you afford. There are mortgage calculators online that will help you work out the amount a mortgage lender will offer you in relation to your income and various personal and living expenses and what the monthly repayments would be.
  • Arrange a mortgage: – it is always a good idea to apply for a mortgage before looking for a house. The mortgage lender will confirm the amount they will agree to lend you when you find a home to buy.
  • Hidden cost: – as well as a deposit there are other costs you need to take into account when buying a house e.g. Mortgage arrangement fees, legal fees, surveys, stamp duty, land registry and removal costs. These fees can mount up to several thousands of pounds


  1. Legalities

The legal process of buying a house is known as conveyancing. You will need to hire a professional conveyancing solicitor to carry out all the legal aspects of buying your house. They will ensure the whole process of transferring the ownership of your new house to you, runs smoothly.


  1. Exchanging & completing

Two key elements of transferring ownership of a property are known as exchanging contracts and completion. The sale of the property becomes legally binding once contracts are signed and exchanged. Completion day is when the money is transferred to the seller and you can pick up the keys to move into your new home.


Peter Robinson & Co. has helped many first time buyers take their first steps onto the property ladder. Our dedicated Conveyancing team of friendly experts will ensure your purchase is as straightforward as possible.

If you need help or advice buying a property contact Peter Robinson & Co. on 0161 678 7996

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