The homebuying process is made up of six stages, here we take you through them. We will guide you through the process of buying your first home, and you’ll be opening the front door sooner than you thought. Here’s an overview of the steps you’ll need to take to become a homeowner.
Stage 1 - Your FinancesIn Stage 1, you’ll need to conduct a financial health check, review and improve your credit score and save for your deposit.
During Stage 2, you’ll review the different types of mortgages, decide which one is best for you, and apply for a Mortgage in Principle, otherwise known as an Agreement in Principle.
When you move into Stage 3, you’ll start looking for your perfect home. You should research the market, book viewings and when you find the right one for you, make an offer.
Once your offer has been accepted, you’ll move onto stage four - the buying process. Here you’ll instruct your solicitor, secure your mortgage, conduct searches and possibly surveys, then finally, exchange of contracts and completion.
In addition to arranging your moving day and whether to use a removal company there’s a lot of people you will need to inform, more on this later.
Now you are a homeowner - what else could possibly be left to think about? Make sure you evaluate the safety and security of your home - as well as making it energy efficient.