The buying process

The process of buying a home can be long and complicated. On this page we run through the six main steps in the process to help you understand what's involved at each stage. It also covers some of the common problems buyers face.

Budgeting for new home-owners

If you’re buying a new home it's important to budget for one-off costs as well as the mortgage and insurance payments. See what else you may have to pay.

Budgeting for buying a home

Buying your home is one of the biggest financial decisions you may ever make. As well as fees and costs there are a number of other things to budget for.

Overview of the homebuying process

Buying a home will involve discussions with solicitors, estate agents, the seller and your lender. See the steps you take when you're buying a house.

Making an offer

Information about things you should consider before you make an offer to buy a home.

Getting a valuation

Outlines what happens when your lender sends a valuer to assess how much the property is worth.

Surveys and homebuyer's reports

Covers structural surveys and homebuyer's reports, which provide information about the condition of a property and should detect any structural problems.

Buyers' legal preparation

Explains what's involved in the legal work to transfer ownership of the property from the seller to the buyer.

Exchanging contracts

Information about exchanging contracts and paying a deposit, after which there is no more room for negotiation and neither side can pull out of the deal.

The completion date

This is when the buyer pays for any outstanding costs involved in the purchase and becomes the owner of a property.

Buyers' legal fees and survey costs

Buying a home is probably the most expensive purchase you will ever make, plus there are a number of other expenses to pay before the sale is final.