Buying a home is an exciting milestone, but the process can be really overwhelming, especially if you’re a first-time buyer. With rising prices, fluctuating mortgage rates, and plenty of decisions to make, understanding each step can help you move forward with confidence. Read on for some practical advice and tips on how you can confidently navigate the home buying process in 2025.
Get to grips with the 2025 property landscape
The UK property market is still adjusting after fluctuating mortgage rates and recent changes to stamp duty thresholds. There are a variety of properties currently available on the market, including new build homes and older homes. Still, buyer demand remains high in many areas, particularly for energy-efficient new houses. Keeping up with local trends and average prices in your target area can help you make informed decisions before you even start viewing.
Mortgage-ready: Get your finances in order
Start by saving for your deposit, which is typically at least 5–10% of the home’s value. Next, understand what you can borrow based on your income and expenses – your bank will have an online mortgage calculator which won’t affect your credit score since it doesn’t do a hard search. Alternatively, you can use a general mortgage affordability calculator for a quick estimate. Also, make sure to get a mortgage Agreement in Principle (AIP) from your bank to show sellers that you're serious about purchasing their property, and to give you a clearer sense of your budget. The good news is that mortgagesrates have gone down recently in line with Bank of England interest rate cuts, with experts predicting further falls later in the year, which will reduce the cost of borrowing for homebuyers.
From offer to keys: Navigating the buying process
Once you’ve found your dream property, you’ll make an offer to the seller. If the offer is accepted, it’s then time to instruct a solicitor to manage the legal side of the transaction. Surveys will ensure there are no hidden issues, and once contracts are exchanged, your purchase becomes legally binding. Also, be aware that property chains can slow things down, so be prepared for delays if the seller needs to buy a property themselves before finalising the sale.
The final stretch: completion checklist
In the final days before completion, confirm the dates, and arrange removals. Make sure to properly transfer utilities such as water, gas, and electricity by giving them your exact move-out and move-in date to ensure you are not charged for usage at your old property. Walk through the property if possible, to check its condition one last time. Then it’s time to collect your keys and enjoy your new home.
Confident steps toward a new home
Buying a home can feel overwhelming, but by understanding the property market, getting mortgage-ready, and staying organised through each stage of the process, you’ll be in a strong position to make confident decisions.
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