Purchasing your first property is quite an intimidating prospect as it causes you to consider long-term responsibilities, commitment and financial planning so that you can live comfortably in your own home. Aside from these factors, the purchasing process is extremely complicated and can be discouraging for first-time buyers. While it is possible to hire estate agents and solicitors to guide you through the process, it is sensible to do some research yourself to find out what should be happening, when. This article is aimed at explaining the first initial process of finding and investing in your first property.

To begin with, before starting out on the viewing process, you need to write a list of exactly what you need from a new property and also what you want. The ‘want’ list must contain things that you can compromise on, as finding the perfect property to suit you or (even harder) you and your partner, is next to impossible. Consider factors such as proximity to local services such as hospitals and schools, supermarkets and public transport systems, as well as the details of the actual property.

When you think you have found a property that meets all of your needs, you should schedule another visit to the property after a few days to confirm your previous thoughts. Remember to think critically about the property and try to find out about its history, including renovations and repairs, as well as the local area. If possible, try to speak to potential neighbors to find out about the area.

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The next part is the conveyancing process which, although does not specifically require the help of a solicitor, it is highly advisable due to the amount of paperwork involved, and the benefit of experience. The length of the buying process will vary between 6 to 12 weeks, with most property purchases in the UK taking the latter end of that scale until completion of purchase. This stage can be very confusing so it is advisable to do a lot of research before you dive in.

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