Buying your first home is a big milestone—and if you’re a first-time buyer, it can feel exciting, overwhelming, and everything in between. We’re here to break things down into simple steps so you can buy with confidence.
Whether you’re just starting your property search or getting your mortgage in place, this guide is packed with useful tips and first-time buyer advice.
What is a First-Time Buyer?
A first-time buyer is someone who has never owned a home before, either in the UK or abroad.
First-Time Buyer Schemes (2025)
If you’re struggling to get on the ladder, here are some schemes to consider:
- First Homes Scheme – Buy a new-build property at a 30% to 50% discount.
- Shared Ownership – Buy a share of a home and pay rent on the rest.
- Lifetime ISA – Save up to £4,000 a year and get a 25% government bonus.
Steps to Buying Your First Home
Here’s a quick checklist for first-time buyers:
- Check your credit score – The better your score, the more options you’ll have.
- Set a budget – Consider all costs, including solicitor fees, stamp duty, and moving expenses.
- Get a mortgage agreement in principle (AIP) – This shows sellers you’re serious.
- Find a property – Use platforms like Rightmove, Zoopla, or local agents.
- Apply for a mortgage – We can help you find the most suitable deal.
- Appoint a solicitor – They’ll handle the legal side.
- Exchange contracts & complete – You’ll officially become a homeowner!
How Can a Mortgage Broker Help First-Time Buyers?
Working with an qualified mortgage adviser gives you access to:
- Exclusive deals not available on the high street
- Comprehensive range of lenders
- Expert advice tailored to your situation
- Help with paperwork and the entire application process
- Support from offer to completion
Common Questions from First-Time Buyers
Do first-time buyers pay stamp duty?
As of 2025, first-time buyers in England and Northern Ireland don’t pay Stamp Duty on homes up to £300,000, check out our update on stamp duty changes. and stamp duty calculator
Is it better to go direct to a lender or use a broker?
A broker can often access more deals and offer personalised advice. We compare the whole market for you.
How much deposit do I need as a first-time buyer?
Most first-time buyers need a minimum deposit of 5% of the property value. So, for a £200,000 home, you’d need at least £10,000. However, a bigger deposit (10–15%) can help you access lower mortgage rates.
How much can I borrow as a first time buyer?
Most lenders will let you borrow around 4 to 4.5 times your annual income. If you’re buying with someone else, joint income is usually taken into account. Affordability checks also look at your spending habits, debts, and credit history. Check out our basic affordability calculator