Stage 1 – Find A Property You Can Afford

Before you start house-hunting, it’s a good idea to work out what you can afford to spend on buying a property and your monthly mortgage payments. Use our Mortgage Affordability Calculator to work out how much you might be able to borrow.

How much can I borrow?


How much will it cost?

Your monthly payment will be

The total amount you will pay over the term is

Remember, your savings and any gifted deposit will have to cover not just the deposit for your property but expenses such as any mortgage fees (these can often be added to your mortgage) and Stamp Duty on properties costing more than £125,000 in England and Northern Ireland. In Wales, you will need to pay Land Transaction Tax on properties over £180,000.

It’s never too early for you to start thinking about arranging a mortgage as this can be time-consuming. You can get a mortgage from an Independent Financial Adviser (IFA), mortgage broker or lender.

Complete our online enquiry form and speak to one of our expert mortgage advisers.

Stage 2 – Make an offer

Once you’ve found a home you want to buy, the next step is to make an offer, usually through an estate agent.

Stage 3 – Arrange a surveyor and solicitor

The surveyor will survey the property to check for problems, which might affect the cost of the home. This survey is done by the lender to make sure the property is worth the price you’re paying before they approve the mortgage. Some lenders might not charge you for this, depending on the type of mortgage product you select.

It is not an extensive survey and will not identify all the repairs or maintenance that might be needed.

The solicitor will handle the legal work around the property. Your solicitor submits searches to the local council to check whether there are any planning or local issues that might affect the property’s value.

Stage 5 – Exchange contracts

If there are no problems or delays, you should then receive the contract to sign and complete the sale. Before signing the contract, go through it with your solicitor to check that all the details are correct.

Make sure you’re happy with what the sellers have agreed to leave in the property and that all your queries have been answered. At this stage, you and the seller are committed to the sale.

Stage 6 – Completion and final steps

The remaining money owed to buy the property is now transferred from your solicitor’s account to the seller’s solicitor’s account.

You’ll now need to pay your solicitor’s bill (minus the deposit and local searches if you’ve already paid them). Your solicitor will register the sale with the Land Registry for properties in England and Wales.

For more information and to discuss your mortgage requirements, complete our online enquiry form and speak to one of our expert mortgage advisers or brokers.