The questions every first-time buyer is quietly Googling
“How much deposit do I actually need?”
The honest answer is: it depends — on the property, the lender and your circumstances. Understanding your real starting position is the first step, and it is often more encouraging than people expect.
Not knowing what happens in what order
Agreement in principle, offer, valuation, conveyancing, exchange, completion — the process has a sequence. Once you can see the whole route, each step stops feeling like a leap in the dark.
Jargon everywhere
LTV, AIP, fixed vs tracker, freehold vs leasehold. None of it is complicated once someone explains it in plain English — and you should never feel awkward asking.
A new commitment worth protecting
Your first mortgage is usually your biggest financial commitment yet. Part of the conversation is what would happen to it — and to you — if illness or injury interrupted your income.
From first conversation to first keys
Understand your position
We look at your income, deposit and plans, and work out what is realistically affordable — before you fall in love with a property.
Get application-ready
An agreement in principle where appropriate, a clear document checklist, and a plain-English explanation of the choices ahead.
Offer to completion, supported
When your offer is accepted, I handle the mortgage application and keep you informed through valuation, exchange and completion.
Questions first-time buyers ask me
How much deposit do I need to buy my first home?
It varies. Some lenders offer mortgages with smaller deposits, subject to their criteria and your circumstances; a larger deposit generally opens up more options. Rather than guessing, we work out your actual position — deposit, income and affordability together.
Can my family help with the deposit?
Gifted deposits from family are commonly accepted, though lenders have rules about how gifts are documented and who they can come from. If family help is part of your plan, it is worth structuring it properly from the start.
What is an agreement in principle — and do I need one?
An agreement in principle (AIP) is a lender's initial indication of what they might lend you, based on basic checks. Estate agents often ask for one before taking an offer seriously. It is not a guarantee, but it is a sensible early step.
What costs are there beyond the deposit?
Typically legal (conveyancing) fees, possible valuation or survey costs, moving costs, and depending on your circumstances and the property price, stamp duty — first-time buyers may qualify for relief, but the position depends on your situation. We map your full costs early so there are no surprises.
How long does buying a first home take?
From offer accepted to completion is commonly a few months, though it varies with the chain, the lender and the legal work. Starting the mortgage conversation before you find a property usually shortens the stressful part.
When should I speak to an adviser — before or after finding a home?
Before, ideally. Understanding what you could borrow and what it would cost shapes your search from day one — and an agreement in principle makes your offers more credible when you do find the right place.
Start the conversation — long before you need the keys
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What can I help you with?
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