Buying your first home in 2024

The New Year brings a fresh start and an opportunity for change, so it’s no wonder that thousands of first-time buyers get their moving plans into gear in January. If getting on the property ladder is your New Year’s resolution, here’s how to take your first step.
Know your savings goal
Saving up that crucial deposit could well be the most challenging part of the journey, so it’s important to know exactly what your savings goal is. Depending on your location, you may need to save for a deposit of at least 5% of the property price, which means you’ll also need a 95% mortgage. However, if you can afford to aim higher, a bigger deposit means you’ll be offered a mortgage with a lower interest rate, and seeing as interest rates have yet to recover from 2023’s economy, having a larger deposit could be crucial to securing a house in 2024.
Factor in the extra costs
Saving for a deposit is one thing, but there are a few additional costs that need to be factored into your overall budget. From conveyancing fees and surveys to removal companies, the finer details can add up quickly, so you must be prepared for them. 2023 saw permanent cuts to Stamp Duty land tax for first-time buyers, so at least there’s one less thing to add to the list.
Give your savings a boost
If you’re eligible for a chance to top up your savings – which most first-time buyers are – don’t miss out on your opportunity to receive a helping hand. Government schemes are designed to help you get your foot onto the ladder faster, with some schemes offering a 25% bonus on your house savings. The government often provides incentives and schemes to support first-time buyers. Stay informed about initiatives such as Help to Buy, shared ownership, or stamp duty exemptions that may apply to your situation. Your estate agent can guide you through the application process and maximise the benefits available to you.
Work out how much you can borrow

Once your deposit and budget are at the ready, you’ll be able to gauge how much you can borrow. It’s important to speak to a mortgage broker first, as they will be able to advise you on the best deals for your situation, and also the deals that your application is most likely to be approved for. It’s important to note that if you’re buying with another person, both your salaries will be taken into account, as well as the size of your deposit, your credit scores and your monthly outgoings. 
Use our mortgage calculator to estimate how much you could borrow.
Get a mortgage agreement in principle
Getting an agreement in principle will fare well with whoever you’re buying from, as this shows that you’re a reliable applicant. In 2024, mortgage options are expanding, and finding the right one is essential. Research various mortgage products, interest rates, and repayment terms before making any decisions. 
Search for your first home
With your budget and financing in place, it’s time to start the exciting journey of finding your dream home. Clearly define your priorities, such as location, property size, and amenities. Utilise online platforms, virtual tours, and expert advice from your estate agent to streamline your property search and find the perfect match.
Contact us
Make this year one to remember. Contact your local Guild Member to help you get started on your journey towards homeownership.

Financial Services

Contact a specialist from Aston & Co Financial Services for help with finding the right mortgage.

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Jodie Skinner

From the beginning, our experience with Michael and Rhys has been brilliant. Whenever we had a question to ask or needed some additional information, they were both just a phone call away and were always happy to provide us with an answer. As first time buyers, they made us feel ...

Sue Smith

We can’t fault Aston and co in Syston, for their handling of the sale of our property. We were kept up to date weekly and nothing was too much trouble. Both Micheal and Rhys were approachable and very professional. I would definitely recommend using them for an efficient and hassle ...


Having had issues with other agents, we came to Astons who gave us an honest appraisal of our house – not overpricing it like others to gain business. Michael and Rhys are a great partnership and Rhys being local was able to provide viewers with information that other agents hadn’t. ...

Andy Freer

Recently sold our house with Aston & Co. We honestly could not have asked for more. From the moment Michael came to value the house, to the day to day communication from Rhys we have not had to chase them once. Michael and Rhys are a great partnership and a ...

V Pears

We chose Aston & Co in Syston to handle the sale of our property. We were kept up to date regularly and Michael and Rhys dealt with all matters efficiently and quickly.We would definitely recommend using them for an efficient and hassle-free move.

Gareth Mueller

We bought a house from a vendor who used Astons & Co as their agent. Rhys was helpful and professional from start to finish and regularly kept us in the loop with how things were progressing. Communication was efficient and swift all the way through.

Julie Pearson

From the first visit to value our property to the final phone call informing us of completion Rhys and Michael at the Syston office have been brilliant, down to earth, realistic with valuation very easy to get in touch with.Making everything less stressful.Regular updates were very reassuring . I would ...

Charlotte Hings

The team at Astons are great. They’re really down to earth, take time to listen and help resolve anything they can for you.Their communication is excellent as they always keep you in the loop with what is happening with your sale. They keep both seller and purchaser happy.Fees are reasonable ...

Julie Perkins

We have recently used Aston & Co to sell our property. At all times we received regular reports from them on interest and following viewings . When our property sold Astons managed the chain keeping all parties fully informed and I believe that without their input our sale would have ...

Tina Poole

Michael and Rhys handled both our sale and purchases. They had good local knowledge, their valuation turned out to be on point. Our sale viewings were nearly all on the same day and we accepted an offer very quickly. We were kept up to date regularly with that and our ...

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