UK FIRST-TIME BUYER RESOURCES

What does buying your first home actually cost?

Understand first-time buyer costs beyond the deposit, including surveys, conveyancing, mortgage fees, moving costs and potential property taxes.

The property purchase price

The deposit is normally paid towards the purchase price; the mortgage funds most of the remaining balance. Do not add the purchase price and deposit together when calculating your total need.

Legal work and surveys

Conveyancers quote for professional fees, searches and disbursements. Survey costs vary with the property and level of investigation; obtain actual quotations before committing.

Tax differs by nation

Stamp Duty Land Tax applies in England and Northern Ireland; Wales and Scotland use different property transaction taxes. Eligibility for first-time buyer relief depends on where and what you buy.

Keep cash in reserve

Budget for removals, insurance, furnishings and repairs discovered after moving in. Keep an emergency buffer rather than using all your savings at exchange.

Your next step

Use FirstHome Ready’s free deposit, savings and mortgage calculators, or preview the 18-page home-buying guide.

Try the free calculators → Preview the eBook →

Educational guidance only; not individual mortgage, financial, surveying or legal advice. Check requirements and property taxes with relevant qualified professionals and official sources.