Understanding the ins and outs of the home-buying journey can transform what might seem like a daunting process into a manageable adventure. Here's a breakdown of how to buy a home in 10 straightforward steps.

1. Save for your deposit 
   Start by squirreling away 5-10% of the property value as your deposit. Consider leveraging the benefits of a Lifetime ISA to turbocharge your savings with a 25% government bonus - £1,000 for free each tax year on top of your tax-free savings up to £4,000.
   
   
2. Calculate how much you can borrow 
   Obtain a Mortgage in Principle (MIP) to get an estimate of your borrowing capacity. This demonstrates to sellers that you're a serious contender in the housing market.
   
   
3. Talk to the experts 
   Seek guidance from a mortgage broker to find the perfect mortgage to match your needs. They can provide valuable insights into navigating the complex world of mortgage options.
   
   
4. Find your new home – and make an offer!
   Talk to us, we are there to give you our expert local knowledge and show you properties within your budget. You can also explore property listings on platforms like Zoopla and Rightmove. Once you've found 'the one,' make an offer and cross your fingers!
   
   
5. Secure a mortgage 
   Apply for a mortgage directly or through your broker, ensuring you have all the necessary paperwork at the ready. Await the lender's decision and prepare to celebrate upon receiving that coveted mortgage offer, this can take 3-6 weeks.
   
   
6. Give the go-ahead to your solicitor 
   Entrust the legalities of your property transaction to a conveyancing solicitor. Ensure they're on your lender's approved panel and brace yourself for some paperwork taking from 4 to 12 weeks.
7. Consider a survey 
   Decide whether to commission a survey on your prospective home. The findings may influence price negotiations with the seller.
   
   
8. Agree on a completion date 
   Coordinate with all parties involved to set a date for completing the purchase and receiving the keys to your new abode.
   
   
9. Exchange contracts 
   Sign on the dotted line and exchange contracts with the seller via your solicitors. At this point, the deal becomes legally binding, so ensure you're ready to commit.
   
   
10. Complete your home purchase – and move in! 

With a time frame of 7 to 28 days after exchange, sometimes same day
Congratulations, it's moving day! Once the funds are transferred and the title deeds are updated, the keys are yours, and your homeownership journey officially begins.

Navigating the path to homeownership may have its twists and turns, but armed with these 10 simple steps, you're well-equipped to embark on this exciting adventure with confidence and clarity. Happy house hunting!

Sourced from Moneybox