Everything you need to know to buy your first home in the UK. From saving a deposit to getting keys.
Your credit score affects mortgage eligibility and rates. Check it for free and fix any errors before applying.
Most lenders require 5-10% deposit. First-time buyers should aim for at least 10% for better rates.
Shows how much you can borrow and proves to sellers you're serious.
Start viewing properties in your budget. Use Findo to track and compare options.
Research comparable sales and make a realistic offer. Be prepared to negotiate.
Choose a conveyancing solicitor to handle the legal work.
Submit full mortgage application and arrange building survey.
Sign contracts, pay deposit, and get your keys on completion day.
More deposit = better rates
Essential to check property condition
Handles legal work and searches
Arrangement and valuation fees
Removals and initial furnishing
Save up to £4,000/year and get 25% government bonus. Can be used for first home or retirement.
Eligibility:
Age 18-39, buying a home under £450,000
Buy new builds at 30-50% discount. Homes remain discounted for future buyers.
Eligibility:
First-time buyers, household income under £80k (£90k in London)
Buy 25-75% of property, pay rent on remainder. Can buy more shares over time (staircasing).
Eligibility:
Household income under £80k (£90k in London)
The buying process differs across the UK. Select your location to see specific timelines, costs, and requirements.
In England, the sale isn't legally binding until contracts are exchanged. Either party can withdraw before this point, which is why "gazumping" can occur.
Typical Timeline
8-12 weeks typical
First-Time Buyer Relief
£0 on first £425,000 for first-time buyers
Get an AIP from a lender to know your budget and show sellers you're serious.
Search on Rightmove, OnTheMarket. Attend viewings and find the right property.
Negotiate through the estate agent. Once accepted verbally, the property is 'sold subject to contract'.
Choose a conveyancing solicitor and submit your full mortgage application.
Commission a survey (you pay). Solicitor conducts local authority searches.
Lender's valuation completed and formal mortgage offer issued.
You pay your deposit (usually 10%) and both parties are legally bound. Completion date is set.
Money transfers, you get the keys, the property is yours!
| Purchase Price Band | Rate |
|---|---|
| Up to £250,000 | 0% |
| £250,001 to £925,000 | 5% |
| £925,001 to £1,500,000 | 10% |
| Over £1,500,000 | 12% |
Use Findo to track properties, compare options, and make confident decisions.
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