Buying your first home is one of the most exciting milestones in life—but it can also feel overwhelming if you’re not sure where to start. From saving your deposit to finally getting the keys, there are several important steps along the way.
In this guide, we walk you through the entire process, so you know exactly what to expect as a first-time buyer in 2026.
Step 1: Save Your Deposit
Before you begin house hunting, you’ll need to save for a deposit. Most lenders require at least 5–10% of the property’s value, although a larger deposit can give you access to better mortgage rates.
Things to consider:
- Set a realistic savings goal
- Factor in additional costs (legal fees, surveys, moving costs)
- Look into government schemes that may be available to first-time buyers
Step 2: Get a Mortgage Agreement in Principle
A mortgage agreement in principle (AIP) gives you an idea of how much you can borrow and shows sellers you’re a serious buyer.
Lenders will assess:
- Your income and outgoings
- Credit history
- Employment status
Having an AIP in place puts you in a stronger position when making an offer.
Step 3: Start Your Property Search
Now comes the exciting part—finding your first home.
Tips for searching:
- Register with local estate agents
- Set up alerts on property portals
- Be clear about your priorities (location, budget, property type)
It’s important to stay flexible while keeping your must-haves in mind.
Step 4: View Properties
Viewing properties helps you get a feel for what’s available within your budget.
What to look for:
- Overall condition of the property
- Signs of damp or structural issues
- Storage space and layout
- Local area and amenities
Don’t be afraid to ask questions—this is a big investment.
Step 5: Make an Offer
Once you’ve found the right property, it’s time to make an offer through the estate agent.
Key points:
- Offers can be negotiated
- Be prepared to provide proof of your mortgage and deposit
- Consider market conditions when deciding your offer
If accepted—congratulations! You’re one step closer to owning your home.
Step 6: Instruct a Solicitor and Arrange a Survey
After your offer is accepted, the legal process begins.
You’ll need to:
- Instruct a solicitor or conveyancer
- Apply for your full mortgage
- Arrange a property survey
Surveys are important as they can highlight any potential issues before you commit.
Step 7: Conveyancing and Checks
Your solicitor will handle the legal work, including:
- Property searches (local authority, environmental, etc.)
- Reviewing contracts
- Liaising with the seller’s solicitor
This stage can take several weeks, so patience is key.
Step 8: Exchange Contracts
Once everything is in place, contracts are exchanged.
What this means:
- The sale becomes legally binding
- You’ll pay your deposit
- A completion date is agreed
At this point, you can start planning your move with confidence.
Step 9: Completion Day – Get Your Keys!
This is the moment you’ve been waiting for.
On completion day:
- Funds are transferred to the seller
- You receive the keys to your new home
- You can finally move in
Congratulations—you’re officially a homeowner!
Final Tips for First-Time Buyers
- Budget carefully and plan for extra costs
- Stay organised throughout the process
- Ask questions whenever you’re unsure
- Work with experienced professionals to guide you
Final Thoughts
Buying your first home may seem complex but breaking it down into steps makes it far more manageable. With the right preparation and support, you can navigate the process with confidence and excitement.
If you’re a first-time buyer looking for expert guidance, our team is here to help you every step of the way—from your first viewing to the moment you get your keys. Get in touch today to start your journey.