How to get on the property ladder

Homeownership is a dream shared by many, but for most first-time buyers, getting on the property ladder is no simple feat. If you’re among the ever-growing demographic of aspiring homeowners, use these top tips to help you take that all-important first step onto the property ladder.  

Saving for a deposit 

Saving up a large deposit is often the most challenging aspect of buying a property. It’s advisable to save at least 5-20% of the property’s value as a deposit, as this will help you secure a mortgage with better interest rates. Set monthly savings goals and establish a realistic timeline to keep yourself motivated and on track. If you opened up a Help-to-Buy ISA, don’t forget to deposit a maximum of £200 a month, as accidentally missing a month will ultimately set you back. 

Assessing your financial situation 

Before you can get started on home hunting, it’s essential to evaluate your financial standing. Start by assessing your income, savings, and any outstanding debts. Consider how much you can comfortably afford to spend on mortgage repayments, and don’t forget to account for additional expenses such as council tax, insurance, and maintenance costs. Budgeting realistically will provide you with a solid foundation for the rest of the process, and a good idea of what kind of home you should be searching for.

Understand your mortgage options 

A mortgage is likely to be the most significant financial commitment you make in your lifetime, so you will need to understand your options thoroughly. You could conduct your own research into various mortgage lenders and compare their interest rates, terms, and conditions, but it’s usually worthwhile to seek professional advice from a mortgage broker who can guide you through the process, help you find the most suitable mortgage for your circumstances, and assist with the application process.  

Explore government schemes 

The UK’s government offers several schemes to support first-time buyers in their quest for homeownership. Familiarise yourself with these schemes, such as Help to Buy, the Lifetime ISA, Shared Ownership, and Right to Buy, to determine if you meet the eligibility criteria and if they align with your goals. These schemes can provide financial assistance, reduce deposit requirements, or make monthly repayments more affordable.

Seek professional guidance 

Navigating the property market can be complex, especially for first-time buyers. Engaging the services of a qualified solicitor or conveyancer is crucial to ensure a smooth and legally compliant purchase process. They will handle the legal aspects, including property searches, contract reviews, and completion procedures, giving you peace of mind throughout the transaction. 

Check out the local property market
Making informed decisions is important, which is why it’s advisable to delve into a little research on your local area’s property market. By using property search portals, you can monitor house prices, housing trends, and location-specific factors that may affect your investment. Beyond this, you should attend plenty of property viewings, ask questions, and consider seeking advice from local estate agents or property experts who can provide invaluable insight.

Patience and flexibility 

Buying a property is a significant life event, and it’s essential to remain patient and flexible throughout the process. Be prepared for delays, setbacks, or unexpected changes. Stay positive, persevere, and don’t rush into any decision you may later regret. The right property will come along if you stay focused on your goals and maintain a proactive approach. 

Contact us 

Are you itching to get moving into your first home? Get in touch with your local Guild Member to start your search.

Financial Services

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

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Customers Say

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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