House Buying Guide

The steps involved in buying your first home.

Stage 1 – Speak to the experts

Before you begin your house hunting it is important to speak to your Regal Finance expert to ensure you know what you can afford and understand your price range. You will be in a much stronger position when offering with an Estate Agent if you have already confirmed your finances. An agreement in principle can help and make an Estate Agent or vendor feel more comfortable when receiving your offer.

Stage 2 – Viewing a property

It is important to take many things in to consideration before making an offer. You should view the property at different times of day, and during the week as well as a weekend. If possible speak to locals or neighbours about the area.

Ensure you look out for signs of potential problems such as damp, rotten woodwork and cracks in the walls. Depending on the level of survey you have will depend how in depth these problems get looked in to. Always ask questions of the Estate Agent or the Vendor if there is anything that you are unsure of.

Stage 3 – Make An Offer

Once you have found the right property, make sure you put an offer in straight away. Be prepared to offer below the asking price if you see fit. In a particularly buoyant market properties can even be sold for above the asking price. Your offer will be made subject to survey and contract, and you are not legally obliged to purchase the property until you exchange contracts.

Once your offer is accepted it is important to understand what the vendors position is and the potential chain you are likely to be in. This ensures you can be realistic with a completion date. You will now need get the ball rolling with your mortgage which your Regal Finance expert can assist with. They will also be able to recommend a suitable conveyancer for you if required.

Stage 4 – Survey

If you are applying for a mortgage then the lender will instruct a surveyor on your behalf. Some lenders however do not offer the option of a full structural.

Lenders Valuation Report – to value the property so the lender knows they can recoup their costs. This does not necessarily flag up any defects to you. On occasions the surveyor may not even enter the property.

HomeBuyers Report – this is a mid-range survey that will highlight urgent and major repair items and you will receive a report. This will also perform the required valuation report. Quite often you can instruct this through the lender and pay an increased cost over the basic valuation option.

Building Survey – the higher end of surveys provides a comprehensive inspection and report detailing advice on the repair and maintenance of your property. Major and minor issues will all be raised within this survey. A number of lenders do not offer this as an upgraded survey now and you may have to instruct this separately to a basic valuation. Your Regal Finance adviser will be able to assist in recommending a surveyor.

Stage 5 – Conveyancing

It is recommended that you instruct a solicitor to act for you and handle all the legalities relating to your house move. You may already have one in mind, but it is important to ensure they are professional and reliable and will help speed the process along.

Our expert advisers can help you with finding a suitable conveyancer and continue to liaise with them through to completion.

Stage 6 – Mortgage Offer

Once the lender has approved all your documents, credit checks, references and valuation then they will issue the Mortgage Offer.

This will be sent to your solicitor, your Regal Finance adviser and to your home. This will need to be signed and returned as requested and then in terms of the mortgage, you are ready to exchange contracts.

You should always double check all terms and conditions of the mortgage offer to ensure they are as expected. Always ask if you have any questions at all.

Dan Churchouse
Dan Churchouse
We used Regal for our recently completed house purchase. The mortgage was a relatively complex arrangement given it consisted of two parts (a result of porting over the terms of an existing mortgage and adding additional debt on new terms) but Matthew Graves and Kirsti Newman were very clear in their articulation, making it easily digestible and allowing me to factor into monthly affordability. They were also speedy in their responses and clearly not biased to any one provider. I feel safe in the knowledge that I ended up with the best deal available and would highly recommend their services.
Taylor Joanne
Taylor Joanne
Excellent and professional service. Everything was handled and dealt with quickly.
Sue Vecchione
Sue Vecchione
Well worth the fee. Mortgage sorted in less than 48 hours. Fantastic service with great communication. Much recommended 😀
Harry Jackson
Harry Jackson
Matthew, Kirsti and Katie were all really helpful. Made sure that, as first time buyers, we understood everything that was going on and were always there to help if we needed them to. 100% would recommend you use them!
Michael Clarke
Michael Clarke
Karen and Kirsti have been invaluable in helping us through the mortgage application process for our first home. We would thoroughly recommend their services - it has saved us a lot of stress! Swift and considerate guidance and support throughout the process.
Ioana Tomut
Ioana Tomut
We have worked with Karen and are extremely happy with how she handled our account. This was the second time we have attempted to buy our first house and we have worked with another mortgage advisor before. While both were excellent in terms of service and communication, Karen's suggestions for solicitors and survey were significantly cheaper to what we were quoted last time. I greatly recommend them.
R Findlay
R Findlay
Thank you very much to Richard at Regal Finance for making our first home purchase run as smoothly as possible. Richard was available to provide us advice throughout the whole process and I would highly recommend using Richard at Regal Finance Group!
Sarah Carter
Sarah Carter
Absolutely brilliant! Alwasy go over and above and feel thoroughly looked after. Highly recommend.
Joe Alsford
Joe Alsford
I can not speak highly enough of the service I received from Richard Powers at Regal. Gave excellent clear advice, continually negotiating the best deal available. Went above and beyond, fantastic to have in your corner in what can be a stressful process!
Cannot recommend Regal Finance enough! Matthew and Kirsti were amazing and completely took the stress out of the process. They were always available to answer questions and guide us through everything. I found they had access to a wider range of products than other advisors I had used in the past. I will be recommending Regal Finance Group to everyone I know!


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    Stage 7 – Exchange of Contracts

    Now the Mortgage Offer is in hand, and the conveyancer has completed all searches and enquiries you are ready to exchange.

    The contract is signed by you and the seller, the deposit monies will now be due and the conveyancer will also confirm all monies due for completion such as Stamp Duty.

    You are now responsible for insuring the property and it may be prudent for some protection policies to also start at this stage. Your Regal Finance adviser can guide you through this process.

    Your completion date is now set.

    Stage 8 – Completion

    Depending on personal circumstances and the chain involved this could be a couple of days or weeks after exchange of contracts. When the day comes all final payments are due, the mortgage monies move hands, any remaining deposit is paid, all conveyancing fees are settled and HMRC receive the Stamp Duty they are owed. Once this has all been ticked off you will receive the keys to your new home.


    You’re in, congratulations and now you can enjoy your new home.

    Get A Mortgage With Regal in 3 Easy Steps


    Step 1

    Complete an enquiry form and an advisor will call you back.


    Step 2

    Send us the documents we need.


    Step 3

    Receive a Decision in Principle from one of our lending panel.

    Got A Question? Get In Touch