Where to Buy Guide

If you’re a first-time buyer wondering what you need to buy a house or flat, you’ve come to the right place. This guide takes you through the process of buying your first home, including saving your deposit and applying for a mortgage.

How much deposit do I need to buy a house?

Before looking at properties, you need to save for a deposit. Generally, you need to try to save at least 5% to 20% of the cost of the home you would like. For example, if you want to buy a home costing £150,000, you’ll need to save at least £7,500 (5%).

Saving more than 5% will give you access to a wider range of cheaper mortgages available on the market.

Budget for the other costs of buying a home

Apart from your monthly mortgage payments, there are others costs when buying a home.

  • Survey costs
  • Solicitor’s fee
  • Removal costs
  • Buildings insurance
  • Initial furnishing and decorating costs
  • Mortgage arrangement and valuation fees
  • Stamp Duty (Land and buildings Transaction Tax in Scotland, or Land Transaction Tax in Wales).

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There will be a significant recruitment push at Regency Residential in 2019, with plans to add up to 70 new sales and marketing positions at its Manchester headquarters and in London. Chris Taylor, managing director of Regency Residential, said: “In just two years, we have established our position as a leading player in the UK property market, achieving these truly impressive sales figures in the process.



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