Buying your first home is an exciting time but it can feel overwhelming if you’re unsure on where to start. As a local estate agent in Nottinghamshire, we’ve helped many first-time buyers navigate the home buying process. Here’s our step by step guide to help you get on the property ladder in 2025.

Assess Your Finances

Before you start looking for your new home, it’s important that you understand your budget. First you will need a deposit which will typically be 5-10% of the overall property price as well as extra for additional costs such as solicitors, surveys and removals. First time buyers in the UK don’t currently pay stamp duty on properties under £425,000 which can save you a lot as a first time buyer. It’s also worth checking that your credit score is healthy to maximise the mortgage deals available to you.

Get a Mortgage in Principle

A mortgage in principal is a statement from your chosen lender which confirms how much they are willing to lend to you. This will give you a clear idea of your budget and will show sellers that you are a serious buyer. A mortgage advisor will help you to explore your options and check if you’re eligible for any government schemes to help boost your deposit and get you on the property ladder.

Find the Right Location

Nottinghamshire offers an excellent mix of city life and quieter market towns with areas like West Bridgford, Beeston and Southwell all popular first time buyer locations. Before you decide on a location, always consider what amenities you will need close by such as transport links, shopping areas and schools. Researching different house prices in different areas will help you to narrow down your options.

Start Viewing Properties

Once you have figured out your budget and decided on the best location for you and your family, it’s time for the exciting part; viewing potential properties! As exciting as this is, try not to get too swept up in the moment and always check each property for signs of damp, structural issues or outdated electrics and plumbing. Take a look at the properties Energy Performance Certificate (EPC) to give you an idea of how much the property will cost you to run and ask your estate agent about any long-term service charges associated with the property.

Make an Offer and Arrange a Survey

When you have found your ideal property, it’s time to submit an offer to the seller. If your offer is accepted, it’s a good idea to also arrange a private home survey. Your mortgage lender will conduct a basic valuation but a full survey will highlight any issues now that could cost you in the long run.

Instruct a Solicitor and Organise the Paperwork

A conveyancer or solicitor will take care of the legal side of your purchase including liaising with the sellers solicitor on your behalf. This process can take between 6-12 weeks so patience is key here. Your solicitor or mortgage advisor will also keep you updated throughout the process.

Exchange Contracts and Complete the Purchase

Once your mortgage has been approved and all of the legal aspects have been taken care of, you will be ready to exchange contracts. This is the stage that your purchase becomes legally binding and your chosen property officially becomes yours!  When the completion is done over the next few days and the funds have been transferred, you will finally receive the keys to your new home.

We understand that buying your first home can feel like a huge step but with the right support and guidance, you will be in your new home before you know it. If you are looking to buy in Nottinghamshire and need some expert advice, our team can help. Get in touch today.