Buying your first home in the UK could be one of the most exciting and daunting steps you’ll ever take. Specially as an immigrant like us from Nepal, the process can feel overwhelming with all the paperwork, jargon, and financial commitment. Firstly you need to actually find a house, then you need to have the deposit, a mortgage, and finally the legals.
Buying your first home requires a few basics. But don’t worry this guide will walk you through everything you need to know as a first-time buyer in 2025.
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Understand Your Budget
Before browsing Rightmove or Zoopla, work out what you can realistically afford. This includes:
* Deposit: Typically 5–20% of the property’s value.
* Mortgage: Most buyers take out a mortgage for the remaining cost. Use a mortgage calculator to estimate how much you can borrow.
* Other costs:
* Legal fees (solicitor/conveyancer)
* Valuation & survey fees
* Mortgage arrangement fees
* Stamp Duty (though first-time buyers often get relief)
* Moving costs & furniture
👉 Tip: Start saving early and look into a Lifetime ISA – the government will add a 25% bonus to your savings (up to £1,000 per year).
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Get a Mortgage Agreement in Principle (AIP)
Before making an offer, secure a Mortgage in Principle (MIP) or Agreement in Principle (AIP). It’s a statement from a lender saying how much they’re willing to lend you in theory.
This shows estate agents you’re serious and financially prepared.
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🔍 Start House Hunting
This is the fun part—but it’s also where emotions can cloud judgment. Keep these in mind:
* Location: Think about commute, schools, safety, local amenities.
* Property type: Freehold vs. leasehold, flat vs. house.
* Condition: Older homes may need renovations, new builds might offer warranties.
* Future growth: Consider long-term investment potential.
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Make an Offer
Once you’ve found your ideal property, make a realistic offer based on market conditions and any identified issues through the estate agent. You can negotiate, especially if:
* The property has been on the market a while.
* You’re chain-free (as a first-time buyer, you are!).
* The seller is motivated to move quickly.
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Hire a Conveyancer or Solicitor
Choose a reputable professional to handle the legal aspects of the purchase. They’ll handle the legal side—searches, contracts, and liaising with the seller’s solicitor.
There are many Nepalese solicitors in the UK listed in the Nepali Samaj UK business directory.
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Get a Survey
Surveys help you understand the property’s condition and avoid costly surprises. Options include:
* RICS Home Survey Level 1 (basic)
* Level 2 (HomeBuyer Report) – most common
* Level 3 (Building Survey) – for older or unusual properties
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Finalise Your Mortgage
Once your offer is accepted and the survey is done, apply for a formal mortgage offer. The lender may also conduct their own valuation.
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Exchange Contracts
At this point, things get serious. You’ll pay your deposit (usually 10%) and agree a completion date. Backing out now could mean losing your deposit.
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Completion Day
This is when the keys are handed over and you officially become a homeowner. Your solicitor will transfer the remaining funds, and the property is legally yours.
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Move In and Register Utilities
After completion, remember to:
* Set up your council tax, gas, electric, water, and internet.
* Register your address with your bank, DVLA, GP, and so on.
* Celebrate!
Bonus: Schemes for First-Time Buyers (UK)
* First Homes Scheme – New builds at a 30–50% discount.
* Shared Ownership – Buy a share and pay rent on the rest.
* Help to Buy ISAs (closed to new applicants but still usable if you already opened one).
Buying your first home in the UK is a big step, but with the right preparation, it’s completely doable. Stay informed, ask questions, and don’t be rushed into decisions.
If you take it one step at a time, you’ll go from “What’s a conveyancer?” to “Home sweet home” before you know it.
