Buying a first home is one of the biggest financial decisions most people make. Understanding the process reduces stress and surprises.
The key stages
- Save your deposit (typically 5–20% of the purchase price)
- Get a mortgage in principle
- Find a property and make an offer
- Instruct a solicitor for conveyancing
- Survey the property
- Exchange contracts (legally binding)
- Complete
Stamp duty land tax may be due on completion. First-time buyers benefit from relief — check the current thresholds on gov.uk. This is general information, not financial or legal advice.