Step 1: Sort your finances before you start viewing
The biggest mistake first-time buyers make is falling in love with a property before knowing what they can actually afford. Before you look at a single house, speak to a mortgage broker and get a mortgage in principle. This tells you the maximum you can borrow based on your income and outgoings, and puts you in a much stronger position when you make an offer.
In County Durham, first-time buyers typically need a minimum 5% deposit, though 10% will unlock significantly better mortgage rates. On a £180,000 home — a realistic entry point for a three-bedroom semi in Seaham or Peterlee — a 10% deposit means saving £18,000. Use a Lifetime ISA to boost your savings with a 25% government bonus if you're under 40.
Step 2: Find a solicitor before you find a house
Most first-time buyers only think about a solicitor once they've had an offer accepted. This adds weeks of unnecessary delay. Find and instruct a conveyancing solicitor early — ideally before you start viewing seriously. Expect to pay between £1,200 and £1,800 in legal fees for a standard purchase.
Step 3: Understanding the offer process
When you find a property you want, your estate agent will ask about your position. Having your mortgage in principle and solicitor already lined up makes your offer significantly more attractive, even if it's slightly below asking price.
Step 4: Survey, searches and exchange
Once your offer is accepted, your solicitor begins conveyancing — the legal process of transferring ownership. This includes local authority searches, title checks and enquiries with the seller's solicitor. Arrange a homebuyer's survey at the same time. A Level 2 survey costs around £400-£600 and can reveal issues that give grounds to renegotiate.
Step 5: Exchange and completion
Exchange of contracts is when the sale becomes legally binding. You'll pay your deposit and agree a completion date — usually one to four weeks after exchange. On completion day the funds transfer, the balance is paid, and you get the keys. The entire process typically takes 10-16 weeks in County Durham.
Areas to consider as a first-time buyer
Seaham, Peterlee, Houghton-le-Spring, Spennymoor and Murton all offer strong value. Three-bedroom semis in these areas typically start from £140,000 to £200,000. Chester-le-Street and Durham City are more expensive but offer excellent commuter links if you work in Newcastle or beyond.