How to get moving guides
Buyer guides

Buying your first home

Buying a home is an exciting milestone for anyone. Are you wondering if you're ready to take that step? Here's a few things to think about.

Customers outside their new home

Do you dream of buying a home?

If you're like most first-time home buyers, you've probably listened to the advice of friends, family and coworkers, many of whom are encouraging you to buy a home. However, you may still wonder if buying a home is the right thing to do. Relax....having concerns is normal. The more you know about why you should buy a home, the less scary the entire process will appear to you.
Customer key handover

Think you're ready to buy?

Then kick things off on our website by searching for what’s available in the area you want to buy. This will give you an idea of how much money you'll need to save for a deposit and borrow on a mortgage. 

Consider whether you’d like your first home to be a flat or a house; a period property or a new build. There are lots of benefits to buying a new-build home, including increased energy efficiency and some great buying schemes for first time buyers.

A couple in their Taylor Wimpey living room

How much money do I need to buy?

Unless you've got a large sum of cash available, you’ll need a deposit for a mortgage before you can seriously consider buying your first home. This will be at least 5% of the value of your new home, but is more likely to be 10-20%. So on a £200,000 house, a 10% deposit would be £20,000.

Sounds like a lot of money? We have schemes like Help to Buy which mean you can buy with just 5% deposit. 

New homes at Half Penny Meadows

How do I get a mortgage?

If you've got a big enough deposit, then your next step is to find out if you can get a mortgage. 

Your mortgage application will be affected by your household salary, your credit rating and the size of your deposit. An experienced Mortgage Advisor can tell you which options are available to you. 
Take a look at our guide to Applying for a Mortgage below.
Customers outside their new home