The step by step process of buying a house

A guide to buying a house by Furness Building Society

Steps to buying a house

Buying a home and financing it with a mortgage doesn’t have to be a tricky process - despite what people say. At Furness Building Society, we want to make the mortgage process as easy as possible. Knowing what comes next and preparing for each stage in advance will get you ahead of the game and make life easier for you and your lender.

In this handy guide, we walk you through the step by step process of buying a house, so there will be no hidden surprises and you’ll have those keys in your hand in no time!

Step one: Get to know your timescales

There’s no doubt this is an exciting time for you - there’s lots you can look forward to as a buyer. To avoid any disappointment, it’s always a good idea to be mindful of the timescales for buying a house. That way, you’ll know what to expect when it comes to how long the process can take. 

From the moment you find your dream home to turning the keys in the door, a buyer should expect a three to six month home buying process. In some cases, this can be prolonged but that is the average length of time it takes so have this in mind when you start your journey.


Delays in the market

With the coronavirus pandemic came a buoyant housing market as many Brits set their sights on finding their dream home, after spending months confined to the same four walls and windows. 

Subsequently, a freeze on stamp duty costs meant many rushed forward to finalise their buying plans and the market faced a huge backlog of buyers looking to secure new mortgages. 

Whilst the industry has dedicated itself to speeding up the home buying process, some may notice slight delays as the housing market continues to settle.

Step two: Starting the mortgage application

Step three: Consider all the costs

Step four: Deal or no deal

Step five: Surveying the situation

Step six: Finalising the mortgage

Step seven: Tying up loose ends

Do you have any questions?

We hope this step by step process to buying a house has given you the information you need to take the leap to home ownership. 

If you’d like to get the ball rolling here at Furness Building Society, please get in touch with our dedicated team of experts - either by visiting us in branch or over the phone on 0800 781 4311. You can also find more information by visiting our Mortgage Hub.