Guide to buying a house [Infographic]

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Guide to buying a house

Buying a house can be a confusing and daunting process. It’s certainly up there as one of the most stressful things that you can do, especially if you’re thinking of moving during the Coronavirus pandemic. Let TMQ take the stresses away with our step-by-step guide to buying a house infographic.

Guide to buying a house

Knowing the rough outline of how the process works though will make the moving house so much easier. Our easy-to-follow infographic explains the process in nine simple steps.

1 – Save for a deposit

You need to save up a deposit of at least 5% of the property value. Use our Mortgage Calculators to work out how much you need to save.

2 – Find the Right Mortgage – Contact The Mortgage Quarter today!

Before you find the house of your dreams, you want to make sure that you have confirmation that you would, in principle be able to borrow the money that you need.

3 – Find a Property / Research the Area

It’s a great idea to thoroughly research the area you are interested in moving to, even if you are familiar with it. Research things like school catchment areas, road links, and any upcoming building projects to be fully informed about your new purchase.

4 – Register with Estate Agents / View Properties

Despite the country currently being in lockdown part 2 and Coronavirus throwing things off this year, home movers are still able to register and view properties. It’s best to do your initial searches online and view in person if you’re ready to move, but it is business as normal.

5 – Make an Offer

You’ve found the house of your dreams – it’s time to make an offer!

6 – Arrange a Solicitor

Once the offer is agreed it’s time to arrange a solicitor/surveyor on older houses. TMQ has lots of brilliant local contacts so you can always ask us for advice on this.

7 – Finalise your mortgage & Protection

We will help you to finalise your mortgage. Together, we will work out which type of mortgage is best suited to your lifestyle and situation and also how long you would ideally like to spend paying it off. In addition to this, we will also help you set up important personal protection plans/

8 – Insurance & Exchange contracts

From the day you exchange, it’s vital that you have buildings insurance on your new purchase. Most mortgage providers make this a condition of lending. You should also arrange life insurance, critical illness cover, and income protection – Don’t worry we can walk you through all of this.

9 – Complete & Move-in!

Generally, you complete two weeks after exchange. On completion day the money will be transferred to the seller and you can collect the keys and move into your new home. Time to celebrate!

Visit The Mortgage Quarter today and see how we could help you achieve your dreams of buying a home. Give us a call on 01392 660219 or drop us a line at