Step-by-Step Guide to Buying a House in 2025

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• Posted on 6th February 2025
• Category: Property Blog

Buying a home, especially for the first time, can be a daunting process. The decisions you make could save – or cost you – thousands of pounds. At Leightons Estate Agents, we are here to guide you through every stage of buying a property. Follow our step-by-step guide to make your home-buying journey as smooth and informed as possible.

Step 1: Decide if Buying a House is Right for You

While homeownership is a goal for many, it’s not the right choice for everyone at every stage of life. Consider whether buying or renting is best for your circumstances. Key factors to think about include affordability, long-term plans, and market conditions.

If you are already a homeowner, decide whether to sell your current property before buying. Selling first may make you a more attractive buyer, as you can purchase chain-free.

Step 2: Determine Your Deposit

A larger deposit means borrowing less and accessing better mortgage deals. Explore savings options like the Lifetime ISA (LISA), which offers a government bonus to boost your deposit.

If you need financial help, consider options such as The Bank of Mum and Dad, joint purchases with a partner or friends, or government-backed schemes that assist with smaller deposits.

For those struggling to save, there are 100% mortgages available. Read our guide on whether a 100% mortgage is right for you.

Step 3: Choose the Right Mortgage

Speak to a mortgage broker before house hunting to understand how much you can borrow and your monthly repayments. Whether you’re a first-time buyer, self-employed, or have bad credit, professional mortgage advice is invaluable.

It’s also beneficial to get a Mortgage in Principle—a document that shows sellers you’re a serious buyer.

Step 4: Consider All Extra Costs

Beyond the purchase price, factor in additional costs such as:

• Stamp Duty
• Solicitor/Conveyancer fees
• Survey and valuation fees
• Removal costs
• Home insurance
• Maintenance and utility bills

These expenses can add 10-15% to your overall budget.

Step 5: Decide Where to Live

Location is key when buying a home. Consider proximity to work, schools, transport links, and amenities. Research local property prices and trends to ensure you’re making a sound investment.

Step 6: Find the Right Property

Work with local estate agents  like ourselves to get early access to new listings. When viewing homes, consider:

• Freehold vs. Leasehold status
• Structural condition
• Local area and future developments
• Questions to ask the seller (e.g., any recent repairs or neighbour disputes)

For new-build homes, ensure you understand the terms of buying off-plan.

Step 7: Make an Offer

Once you find the right property, submit an offer based on market value and condition. Strengthen your position by highlighting if you’re a first-time buyer, chain-free, or a cash buyer.

Be prepared to negotiate, we are here to support.

Step 8: Apply for a Mortgage

Once your offer is accepted, submit your full mortgage application. Ensure you have:

• Proof of income and employment
• Bank statements
• Credit history reports

Your mortgage lender will conduct a property valuation before issuing a formal mortgage offer.

Step 9: Hire a Solicitor or Conveyancer

Your legal representative will:

• Handle contracts
• Conduct local searches
• Manage fund transfers
• Register the property with the Land Registry

Shop around for the best solicitor or conveyancer to ensure a smooth process.

Step 10: Book a House Survey

A house survey helps identify potential issues before you commit. Choose from:

• Mortgage Valuation (basic assessment)
• Homebuyer Report (detailed inspection)
• Building Survey (in-depth analysis for older properties)

For new builds, consider a snagging survey to check for defects.

Step 11: Progress the Purchase

Keep in regular contact with your solicitor and estate agent to ensure all paperwork and legal checks are completed on time. If any issues arise, work quickly to resolve them to avoid delays.

Step 12: Exchange Contracts

Exchanging contracts makes your purchase legally binding. Before exchange, ensure:

• Your deposit (typically 10%) is ready
• Your mortgage offer is secured
• Buildings insurance is in place
• A completion date is agreed upon

Step 13: Arrange Removals & Prepare for Moving Day

Book a reliable removals company early. Plan logistics, pack efficiently, and notify relevant parties (e.g., utilities, broadband provider, and postal services) of your move.

Step 14: Complete Your Purchase

Completion is when the property officially becomes yours. Funds are transferred, and you collect your keys—congratulations, you’re a homeowner!

Step 15: Pay Stamp Duty & Final Fees

Your solicitor will:

• Pay Stamp Duty on your behalf (if applicable)
• Finalise property registration with the Land Registry
• Issue a completion statement detailing final costs

Congratulations! You’ve Successfully Bought a Home!

Buying a house is one of the most significant milestones in life. We’re here to support you at every step. If you have any questions or need professional advice, get in touch with our expert team today.

Adapted from hoa.org.uk

Thanks for reading

Michael