If you are thinking of buying a property for the first time, or are about to buy for the first time in several years then our House Buyers Guide could be the key to your dream home!

Either follow through each section in order to gain an overview of the whole process, or if you are familiar with some aspects of buying, then just dip in and out of the sections you want.


Our initial mortgage consultation is free. We will charge a fee between £399 and £999 that is payable on application. The amount we will charge is dependent on the amount of research and administration required. We reserve the right to charge a subsequent fee of £99 for each further application that may be required.


Do you have a budget in mind for your first home?

  1. Complete our budget planner to help you see how much you may be able to afford to spend on mortgage repayments.
  2. If you book an appointment with a Reeds Rains mortgage adviser they can help you work through the planner. 


Do you have enough money saved for your deposit?

  1. You are likely to need at least 5% of the purchase price of the house as a deposit.
  2. However, if you can save more for a deposit you can often get a cheaper mortgage.


Do you know how much you could borrow?

  1. Have a look at our latest mortgage deals to find out likely fees and interest rates. 
  2. Calculate how much your repayments would be based on different interest rates. 
  3. Talk to a Reeds Rains mortgage adviser who will be able to discuss how different lenders have different criteria for how they calculate how much they may be willing to lend you. 

Credit score

Do you know about your credit score?

  1. Your credit score could affect your mortgage borrowing ability.
  2. You can check your credit score on the internet at sites such as the Credit Expert from Experian
  3. You can improve your credit score by doing such things as registering to vote.


Do you know what type of property you want?

  1. Have you thought about whether you want a new build property or a "second-hand" property?
  2. How many bedrooms do you want, do you need a garden?
  3. Do you know the difference between freehold and leasehold properties? You can use our Glossary to find a brief description.
  4. Location - Do you want to live near work, your friends, the gym? 


Do you know how mortgages work?

  1. Read our guide to mortgages.
  2. Talk to a Reeds Rains mortgage adviser.

Mortgage process

Do you know what happens when you are searching for a mortgage?

  1. Have an initial appointment with a Reeds Rains mortgage adviser
  2. Your mortgage adviser will review your needs, current circumstances, and look for a suitable mortgage deal for you from a lender.
  3. Apply for an agreement or mortgage decision in principle from the lender. (This is confirmation in writing of a lender's expression of intent to provide funding subject to certain conditions being met but it is not a formal mortgage offer.) 
  4. Make an offer on a property.
  5. Make a mortgage application to the lender. 

Viewing property

Do you know what to look for when viewing a property?

  1. Does the property require updating?
  2. Are the rooms big enough?
  3. Check the bills - council tax, utilities, etc.
  4. Check for damp/cracks/mould or damage.
  5. What is the location like? - Nearest shops? Good transport links?
  6. Could you see yourself living there?


Do you know about making an offer on a property?

  1. Make an offer of a price you would like to buy the property for to the estate agent acting on behalf of the seller.
  2. Their estate agent will put your offer to the seller.
  3. The seller may accept or reject your offer.
  4. If your offer is rejected you could make another higher offer if your budget allows.
  5. Once your offer is accepted then you can proceed with the purchase and application for a mortgage.

Legal process

Do you know the legal process of buying a property?

  1. We can put you in touch with a legal firm to handle the conveyancing (the legal work necessary when buying a property).
  2. You will need to arrange home insurance for your home.
  3. You are legally bound to the purchase of the property at exchange of contracts and ownership passes to the buyer at completion. 

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