What You Need to Know if You’re Buying Your First Low Fell Home

What You Need to Know if You’re Buying Your First Low Fell Home

Property Sarah Mains 17th July 2023

If you’re thinking about buying your first home, congratulations! You’re about to experience a huge life moment and finally have somewhere to call your own. The first-time buyer journey is exciting, scary, overwhelming… it’s basically all the emotions. So, what can you expect?


In this quick read, we take you through some of the initial steps of buying your first home. 


Money matters 


Whether you’ve built up savings or you’re borrowing from the Bank of Mum and Dad, the first thing that needs attention is a mortgage in principle. This is how you find out what you can afford per month and how much you can borrow. 


Unfortunately, a mortgage is just one cost – there are lots of others you need to account for, including: 


- Stamp duty

- Valuation costs

- Survey fees

- Legal fees

- Insurance

- Costs of moving/decorating


Top tip: Use a mortgage broker. They’ll help you understand the financial commitment, organise the documents you’ll need, find a suitable deal and apply on your behalf. 


Property search


Once you know how much you can afford, you can start your search. Whilst looking online is useful, there’s nothing as valuable as sitting down with an estate agent and discussing exactly what you’re looking for and what you want to pay. Agents have a huge amount of knowledge about the local market and buying process, so make sure you take advantage of it. 




As a first-time buyer, it’s important to work with a team of professionals who you can rely on and who can explain things to you. You’ll need a conveyancer or property solicitor to carry out searches and get the deal done.


Top tip: Try to use a solicitor that has been recommended rather than finding your own. 


Property surveys 


There are two types of survey you should be aware of: a valuation survey and a homebuyer’s survey – which one you need is largely dependent on your lender. For example, if you’re buying a new property, the lender may be happy with a valuation survey. A homebuyer’s survey may be needed if you buy an older property that requires work. 


Once a satisfactory survey has been carried out, the lender will (hopefully) approve your mortgage offer. 


Next steps 


As the excitement builds, so too will the workload/admin of buying a new property. Be prepared to answer questions from the seller’s solicitor or your lender about your timescales, how quickly you can move to exchange and so on. 


While this article gives you a quick overview of the steps involved in buying your first property, it’s not a detailed guide. There may be bumps in the road, but it will be worth it once that completion date arrives. 


If you’re planning to buy your first property, get in touch with our team at Sarah Mains Residential on 0191 487 8855 today. 



Newcastle Office
119-121 St George's Terrace
Newcastle upon Tyne
0191 240 3333


Low Fell Office
4 Beaconsfield Road
Low Fell
0191 487 8855


Whickham Office
8-10 The Square
Newcastle upon Tyne
NE16 4JB 

0191 488 9999

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