Buying a home is a big decision — and we treat it that way. Whether it’s your first step on the ladder or your next move, we’re here to make the process clear, efficient, and as stress-free as possible.
At Regal, we don’t overcomplicate things. We give you honest advice, keep you in the loop, and make sure you’re supported at every stage. No waffle, no pushy sales tactics — just practical help from people who know what they’re doing.
We’ve been through the process ourselves many times, so we know how it feels. That’s why we focus on clear communication, quick answers, and making sure you’re comfortable and confident in every decision.
STEP-BY-STEP GUIDE TO BUYING YOUR HOME
Set Your Budget
Set the foundation for your homeownership journey by determining your budget—where dreams align with financial reality. Remember to factor in additional costs (stamp duty, solicitor fees and moving costs).
Arrange Your Finance
Ensure you have saved a deposit and apply for a ‘Mortgage in Principle’ from a bank to give you an idea of how much they might lend you based on income and credit score.
Choose Your Location
Decide where you would like to purchase a house, considering important factors such as schools and transport link
Commence Your House Hunt
Embark on the exciting adventure of house hunting, where each property holds the potential to become your dream home.
Make An Offer
With your perfect home in sight, make your mark by putting forward a compelling offer that sets the stage for a successful homeownership journey.
Arrange A Mortgage
Turn your homeownership dreams into reality by securing the right mortgage—customised to fit your financial goals and aspirations.
Hire A Solicitor
Navigate the legal landscape with confidence as you enlist the expertise of a solicitor, ensuring a smooth and legally sound transition to homeownership
Conduct A Survey & Valuation
Delve into the details of your chosen property by conducting a thorough survey and valuation—a crucial step in ensuring both peace of mind and property value alignment.
Exchange Contracts
Solidify your commitment to homeownership as you exchange contracts—an exciting step that marks the path to making the property officially yours
Completion & Move In
Celebrate the culmination of your home buying journey with completion—a moment that unfolds the door to a new chapter. Your solicitor will transfer the funds to the seller’s solicitor and you’ll receive the keys to your dream home.
FIRST TIME BUYERS?
Embarking on your first home-buying adventure is a significant milestone, and at Regal, we’re here to make it an exciting and seamless experience.
Our recommended mortgage specialists are here to assist you, to ensure your mortgage meets your needs and is suitable for you. They also have exclusive First Time Buyer mortgages to make your dream home a more affordable reality
BUYING YOUR HOME FAQS
How Much Will I Need For A Deposit?
The amount you’ll need for a deposit when buying a property depends on several factors, including the purchase price of the property and the type of mortgage you’re applying for.
As a general rule, most lenders require a minimum deposit of 5% to 10% of the property’s purchase price. However, the larger your deposit, the more favourable mortgage rates and terms you may be eligible for.
For example, if you’re buying a property valued at £200,000, a 5% deposit would be £10,000, and a 10% deposit would be £20,000.
It’s important to note that additional costs, such as stamp duty, solicitor fees, and survey costs, will also need to be factored into your budget when determining the total amount you’ll need for a deposit and associated expenses.
To get a more accurate estimate of how much you’ll need for a deposit based on your specific circumstances and the property you’re interested in get in touch with us and we can put you in touch with a mortgage advisor.
What Other Costs Are There To Consider?
- Stamp Duty Land Tax (SDLT)
- Solicitor or conveyancer fees
- Survey costs
- Mortgage arrangement fees
- Removal costs
- Home insurance
- Maintenance and repair expenses
How Long Does The Process Typically Take?
The timeline can vary, but it usually takes around 8-12 weeks from making an offer to completion. Delays can occur due to various factors, such as surveys, legal issues, or chain complications.
What Are The Different Types of Property Ownership in the UK?
- Freehold: You own the property and the land it sits on outright.
- Leasehold: You own the property for a fixed period, typically long-term, but not the land it’s built on. Ground rent and service charges may apply.
- Shared ownership: You buy a share of the property (usually between 25% and 75%) and pay rent on the remaining share owned by a housing association or developer.
What Should I Look For When Viewing Properties?
- Check the condition of the property, including the roof, walls, windows, plumbing, and heating systems
- Consider the location, proximity to amenities, schools, transport links, and potential for future development or resale value
- Assess the area for safety, noise levels, and overall ambiance
- Take note of any potential renovation or improvement projects needed and factor these into your budget
What Is A Property Survey And Is It Necessary?
A property survey assesses the condition of the property, identifying any issues or potential problems. While not legally required, getting a survey is highly recommended to avoid unpleasant surprises and ensure you’re making an informed decision about the property.
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