While your bank does a basic valuation, it’s wise to pay for an independent RICS survey to check for structural issues like subsidence or Japanese Knotweed. 5. Exchange and Completion This is the home stretch:

Usually 1–4 weeks after exchange, the remaining money is transferred. You pick up the keys from the estate agent and officially become the homeowner. Pro Tip: Government Schemes

In the UK, Freehold means you own the building and the land. Leasehold means you own the right to live there for a set term (often 99 or 999 years) but pay ground rent or service charges to a freeholder.

When you find "the one," submit your offer to the estate agent. It’s common to offer slightly below the asking price, but in "hot" markets, you may need to go higher. If accepted, the property is "Sold Subject to Contract" (SSTC).

Once your finances are in order, use portals like Rightmove or Zoopla to scout locations.

You and the seller sign the contracts, and your deposit is transferred. At this point, pulling out results in heavy financial penalties.

Your solicitor will check for upcoming planning permissions nearby or flood risks.