How to get into your first home

They often say the hardest part is knowing where to begin, and with an information overload when it comes to property it certainly holds true for buying your first home. The good news is that it’s really not as difficult as it may appear to be to get started. Let us show how to take the first step to home ownership.


Start by working out what savings and funds you can piece together for a deposit. The size of your deposit makes a big difference to how much you are able to borrow, and most lenders require at least 5% of the purchase price, although we have alternative solutions. If you are struggling to save check out our Parent Assist loan.

Find out how much you are worth

The next step is to calculate how much you can borrow and what repayments you will be able to afford, you can do so using our calculators. From here you can start setting achievable goals and discover what your realistic options are in the market.

Set your goals

You can now start setting targets as to the location and type of home you want based on your borrowing capacity. Do your research and check out what the prices are in areas you would like to live. If what you want doesn’t fall within your budget you may need to adjust one or more of the variables.

Get your application ready

Now that you have a rough idea of what you would like you should aim to make your application as desirable as possible for lenders. Do so by paying off any existing debts and ensuring all bills are settled on time.

 Make sure you have the right finance

Having a home loan which suits your needs will make it easier to pay off sooner and ensure you aren’t paying more than you need to. This is why you should aim to understand what the various loan types are and the features so you can work out what is best for you. Alternatively our friendly team at Bluebay can tailor a solution just for you.


Once you have found your dream property it’s time to collect the keys, pop the champagne and become a proud home owner! It’s easy with the help of an expert, contact us today for guidance. For a more in-depth look at what’s required you can download our free home buyers guide on our home page.