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First-time buyers hoping to enter the property market this year can make their experience smoother by taking certain preparation steps, according to a real estate expert.
According to published research national building association Last week, a 10% deposit for a property for a first-time buyer in the UK cost around £23,000.
The average asking price of homes has also been rising in recent weeks.
property website Move right It recently said the average price of a house rose by 2.8%, or nearly £10,000, in January, the biggest rise since June 2015.
NAEA (National Association of Estate Agents) Propertymark president Mary-Lou Press said: “Buying your first home is one of the biggest financial commitments people make, yet many first-time buyers enter the process without support to help them clearly understand what is involved.
“Understanding how the home buying and selling process works before starting can help buyers budget accurately, avoid unnecessary delays, and reduce the risk of a purchase falling through.
“With the right preparation and professional advice, first-time buyers can move forward with confidence and make informed decisions at every stage.”
She added: “Taking the time to educate yourself before you start house hunting can give you a successful first step on the property ladder after a stressful experience.”
Here are some tips from Ms. Press on how to prepare for first-time buyers looking to enter the housing market in 2026:
1. Understand the true cost of your purchase.
Several mortgage lenders have been cutting interest rates in recent weeks.
“Don’t just focus on the deposit and mortgage. Also consider legal fees, surveys, mortgage arrangement fees, moving costs and ongoing costs such as insurance and maintenance,” Ms Price said.
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2. Get your mortgage ready in a timely manner.
Ms Price recommended making a “decision in principle” before looking at properties.
“This can clarify your budget and show the seller you are a serious buyer,” she says.
3. Understand the key stages of the process.
Ms Press said understanding each step can help first-time buyers manage expectations and timelines.
4. Find qualified professionals.
Ms. Press said experienced and trusted professionals can provide expert guidance throughout the process.
5. Be prepared for delays and negotiations.
Ms Price added: “Property transactions rarely proceed in a straight line. Investigations may uncover issues and chains may slow down progress, so flexibility and clear communication are vital.”