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Buying guides

Everything you need to buy a home in the UK.

25 plain-English guides covering the whole journey, from working out a deposit to collecting the keys. Most are a five to ten minute read.

Buying a home is a long sequence of decisions, most of them with money attached. These guides walk through the questions in roughly the order a typical buyer hits them: how much you can borrow, what deposit you actually need, the mortgage type that fits, the survey worth paying for, and what happens between offer accepted and keys in hand. Read what is relevant, then book a call when the questions get specific.

Buying guides, in reading order

Roughly the order most buyers work through them.

The complete guide to buying your first home

Every step, every cost, every decision from "maybe one day" to collecting keys. Start here if you are new to the process.

Read guide

How much can I borrow?

Realistic ranges, what stretches your number and what shrinks it. Lender affordability rules in plain English.

Read guide

First-time buyer deposit guide

5%, 10%, 15%, 25%. What each deposit level changes for your rate, and where the cliff edges sit.

Read guide

The mortgage application process explained

From AIP through underwriting to mortgage offer. What happens at each stage and how long it takes.

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Understanding different mortgage types

Repayment vs interest-only, fixed vs variable, tracker, discount, offset. What each is for.

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Fixed vs variable rate mortgages

Which makes sense in the current rate environment, and how to think about the choice.

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Stamp Duty: the complete guide

Rates, reliefs, the 5% additional-property surcharge, plus worked examples for typical purchase sizes.

Read guide

Surveys and valuations

Mortgage valuation, homebuyer report, full structural. What each is for and what each costs.

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The conveyancing process explained

The legal side of buying, from instructing a solicitor to exchange. Costs and timescales.

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Exchange and completion

What happens on each day, and what to have ready in advance.

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Mortgage fees explained

Product fees, booking fees and the legal fees that come with completion.

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The true cost of moving home

Hidden costs people forget when budgeting for a move. Useful when planning the second purchase.

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What does a mortgage broker do?

A plain-English explainer of what we actually do for you, and how a mortgage broker differs from a bank.

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Releasing equity from your home

How equity release works, who it's for, and the serious things you need to understand before considering it. For equity release products we act as introducers only.

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Porting your mortgage: how it really works

Taking your current rate with you when you move sounds simple. The mechanics are more involved: a fresh application, possible top-up borrowing, and timing that needs managing.

Read guide

Leasehold vs freehold: what buyers need to know

The difference between owning a property and owning a long, expensive ticket to live in one. Lease length, ground rent, service charges, and the reforms changing the rules.

Read guide

Gifted deposit rules: the bank of mum and dad, done properly

Who can gift, what the gift letter must say, the evidence lenders demand, and the tax questions givers should ask before the money moves.

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Gazumping and gazundering: how to protect yourself

Until exchange, nothing is binding, and both buyers and sellers can exploit that. What each tactic is, why it's legal, and the practical defences that actually work.

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Mortgage options by deposit size

From 5% to 40%, your deposit decides which lenders, rates and products are open to you. A band-by-band tour of the 2026 market, plus the routes below 5%.

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Japanese knotweed and mortgages

It's no longer the automatic mortgage-killer of legend, but it's not nothing either. How lenders treat knotweed in 2026, and what buyers and sellers should actually do.

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The new-build premium: what you're really paying for

New builds typically cost more than comparable second-hand homes. Sometimes that's worth it. Here's how the premium works, how lenders treat it, and how to buy new without overpaying.

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Shared ownership staircasing: buying more of your home

How increasing your share actually works, what each step costs, the newer 1% route, and how to decide whether staircasing is worth it for you.

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Buying a home with friends or siblings

Two or three incomes buy a lot more house than one. Here's how joint ownership between non-partners actually works, and the legal document that makes or breaks it.

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Right to Buy: a realistic guide

Buying your council home at a discount is still possible, but the discounts shrank sharply in late 2024 and the rules keep moving. Eligibility, the process, the mortgage, and the strings attached.

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Moving home: port, new deal, or let-to-buy?

Three ways to handle the mortgage when you move. A plain-English comparison to get you oriented, with the full detail on our moving-home hub.

Read guide

Common questions about buying

How long does the whole process take?

From offer accepted to keys in hand, eight to twelve weeks is typical for a chain-free purchase. Chains, leasehold properties and complex conveyancing extend that. Getting an Agreement in Principle in place before you offer takes pressure out of the front of the process.

How much deposit do I need?

Five per cent is the floor on most residential lending. Ten per cent opens up materially better rates, twenty-five per cent unlocks the cleanest pricing. The deposit guide walks through what each level changes.

Should I get an Agreement in Principle before I view properties?

Yes. An AIP gives you a credible borrowing range, lets the estate agent take your offer seriously, and surfaces credit issues early when you can still fix them. It is a soft credit search, so does not affect your file.

Do I need a survey if the lender is doing a valuation?

The lender valuation protects the lender, not you. It is a desk check on whether the property is worth what you are paying. A homebuyer report or full structural survey looks at the building itself. On most purchases over £250,000 a survey is money well spent.

When do I pay the stamp duty?

Stamp Duty Land Tax is paid on completion, by your solicitor, out of the funds you transfer them ahead of completion day. You do not write a separate cheque. The stamp duty guide has worked examples and the 2026 rate bands.

What is the difference between exchange and completion?

Exchange is the legal moment the contract becomes binding and your deposit is at risk. Completion is the day the money moves and you collect the keys. Most chains exchange and complete on the same day or with one or two weeks between them.

Reviews

What our clients say

Real reviews from clients across Romford and Essex, verified on Google.

Rated 5.0 out of 5 from 92 Google reviews Read the reviews on Google

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Paul Maysmith profile picture
Paul Maysmith
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Always a great experience. Thanks to Mark Potter, Chantel Smith on the mortgage side and Oliver Alan on the insurance. Can't recommend the team highly enough.
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Ramona Iuga
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5 stars service,Mark and the team always offer a great service and support all the way,highly recommended.
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Fancy Window Cleaners
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Excellent service from Mark and the team as always.
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Kelly Sainty profile picture
Kelly Sainty
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The second time we’ve used major money matters and cannot fault anything! Both Mark and Chantel as helpful as ever
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Amy Phillips profile picture
Amy Phillips
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A huge thank you to Billy for all his support throughout my mortgage process. He was knowledgeable, approachable, and always happy to answer my questions, making everything easy to understand and much less stressful. His advice and guidance were invaluable, and I always felt confident I was in good hands. I really appreciate all his help and would highly recommend him to anyone looking for a fantastic mortgage advisor. Thank you, Billy!
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Robert Larkey profile picture
Robert Larkey
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Top quality service no fuss straightforward advice and actioned quickly once right product decided on
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Montell Chukwu profile picture
Montell Chukwu
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I was recommended major money matters through a friend and they haven’t been short of fantastic, Oliver Potter who handle my mortgage offered a perfect service, can’t recommend them enough!
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Billy Camden profile picture
Billy Camden
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The whole team at Major Money Matters are an absolute dream to work with. Their expertise, speed and friendly approach made what we thought was going to be an arduous process quick and simple. Mark, Oli and Lee were always just a phone call away if we had any questions and provided clear and easy to understand advice/guidance. We would recommend their services to anybody.

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