How to prepare for your first property purchase

Tips for being fully prepared to purchase your residential property in 2025

The New Year is just around the corner and it’s the perfect time of year to make your home ownership goals come to life. At Gilson Gray, we are committed to providing first-time buyers with all of the advice and support you need to help you on your property journey.

1. Use a solicitor estate agent

One of the first and most crucial steps in your property journey is to work with a solicitor estate agent like Gilson Gray. Unlike traditional estate agents, solicitor estate agents combine legal expertise with property market knowledge under one roof. This means we can handle both the marketing and sale of a property as well as the legal processes involved in buying it. This seamless service can save you time and money, as well as reduce the stress often associated with property purchases.

By choosing a solicitor estate agent, you benefit from:

• Expert advice on the legal complexities of purchasing a property
• A streamlined process, as we manage the entire transaction from start to finish
• Comprehensive knowledge of your local property market

2. Speak to a mortgage advisor

Securing a mortgage is a critical step in buying your first or any home. A mortgage advisor can help you understand your borrowing potential, guide you through different products available, and find the best deal to suit your financial circumstances. Many first-time buyers are eligible for government-backed schemes or incentives, and a mortgage advisor can help you determine your eligibility.

To prepare for your appointment with a mortgage advisor:

• Gather financial documents such as payslips, bank statements, and proof of ID
• Be clear on your budget and monthly affordability
• Research initial costs like deposits, fees, and moving expenses

3. Make a list of non-negotiables

Before you start looking at property listings and arranging any viewings, it’s essential to create a list of must-haves. Whether you are buying a home on your own or with a partner or friend, this list will help you focus on properties that truly meet your needs and help to prevent you becoming overwhelmed by all of the options out there!

Consider the following:

• Location: Proximity to work, school, transport links, and family
• Property size: Number of bedrooms, bathrooms, and living spaces
• Features: A garden, parking, garage, storage space, or a dishwasher

4. Take your time during viewings

Property viewings are your opportunity to thoroughly assess whether a home meets your needs. Don’t rush this process; take the time to look around and ask any questions you may have to the viewing agent or the seller showing you the property.

Here are some tips for making the most of your viewings:

• Look beyond cosmetic appearances and consider the structural condition of the home
• Take photos or notes to compare properties if you are viewing multiple homes
• Don’t get disheartened – if a property doesn’t feel right for you, keep looking

5. Enjoy it!

Buying your first home is a hugely exciting milestone. While it’s natural to feel some stress along the way, remember to embrace the excitement of this new chapter. Celebrate the small wins, such as getting mortgage approval, putting in your first note of interest, and finding a property you love.

Finally, surround yourself with supportive professionals who understand the unique needs of first-time buyers. At Gilson Gray, we’re here to ensure your journey is as smooth and enjoyable as possible.

Jennifer Hogg

Senior Property Marketing Executive

JHogg@gilsongray.co.uk