Buying a home in the UK takes an average of 5 months from finding a property to completion, though the process varies depending on chains, surveys, and legal checks.

KEY STEPS

Save a Deposit:

Aim for at least 5% to 10% of the property value, though a larger deposit secures better mortgage interest rates. You can use a Lifetime ISA for a government bonus on savings.

Check Your Credit Score:

Lenders check your credit history to decide how much they will lend.

Get a Mortgage in Principle (AiP):

Ask a lender or use a mortgage broker to see how much you can borrow before house hunting.

Find a Property and Make an Offer:

Search online or via high-street estate agents, then submit your offer through the agent.

Formal Mortgage Application & Conveyancing:

Once your offer is accepted, formally apply for your mortgage and hire a conveyancing solicitor to handle legal searches.

Surveys and Inspections:

Arrange a property survey to check the physical condition of the house.

Exchange Contracts:

Pay your deposit and sign legally binding contracts.

Completion:

Final funds are transferred, you get the keys, and you move in.