Buying a property in Manchester is an exciting step, but it’s not always straightforward. Whether you’re moving home, buying again, or relocating to a new area, having a clear plan in place can make the journey smoother.
This guide breaks down the home buying process into ten simple steps, so you know what to expect at each stage, from sorting your budget to collecting the keys.
1. Work Out What You Can Afford
Before you start house hunting, it’s important to understand how much you could borrow and what your budget looks like. This depends on your income, outgoings, credit profile and the size of your deposit.
As a mortgage broker in Manchester, we’ll help you work out your borrowing potential and give you a clear idea of what your monthly payments might look like.
2. Build Your Deposit & Budget for Costs
If you’re not already a homeowner, or you’re moving without a sale, you’ll need a deposit of at least 5–10% of the purchase price. Saving more can open up access to better rates.
If you’re selling a property, your deposit may come from the equity you’ve built up. Either way, it’s important to budget for additional costs such as solicitor fees, surveys, removals and Stamp Duty (if applicable).
3. Get an Agreement in Principle (AIP)
An Agreement in Principle shows how much a lender may be willing to let you borrow, based on a soft credit check and some initial financial details. It’s not a full mortgage offer, but it helps you set a clear budget and shows estate agents you’re ready to proceed.
We can usually arrange your AIP within 24 hours of your appointment.
4. Start Searching for Properties
Once you have your AIP in place, you can start viewing homes within your price range. Manchester has a wide variety of neighbourhoods to suit different lifestyles, from vibrant city centre flats to suburban family homes with gardens.
Think about local amenities, schools, transport links, parking, and whether you’d prefer a period property or a new build.
5. Book Viewings & Explore Options
Viewings are your chance to picture life in the property. Look beyond surface details and check the condition, layout and surrounding area.
It’s worth taking a second look at any home you’re seriously considering, especially if you’re comparing multiple properties.
6. Make an Offer & Instruct a Solicitor
Once you’ve found the right place, you can make an offer through the estate agent. If it’s accepted, you’ll need to instruct a solicitor to start the legal process known as conveyancing.
We’re happy to recommend a solicitor in Manchester if you don’t already have one lined up.
7. Book a Survey & Valuation
A mortgage valuation confirms the property’s value for the lender. In addition, it’s worth booking a home survey to assess the condition of the property.
There are different survey levels depending on the property’s age and condition. If you’re unsure which to choose, we can explain your options.
8. Submit Your Full Mortgage Application
Once your offer is accepted and the property is valued, we’ll help you submit your mortgage application.
This includes providing documents such as ID, bank statements, payslips and proof of deposit.
We’ll liaise with the lender on your behalf and keep things moving as smoothly as possible.
9. Exchange Contracts
When the legal checks are complete and your mortgage offer is confirmed, you’ll exchange contracts with the seller. This is the point where the sale becomes legally binding, and a completion date is agreed.
Your solicitor will manage this stage and guide you through everything you need to sign or pay.
10. Complete & Move In
On completion day, your solicitor will transfer the funds and the property will officially become yours. You’ll receive the keys and can start moving in.
Whether you’re upgrading, downsizing, relocating or investing, this marks the end of the buying journey, and the start of life in your new home.
Ready to get started?
If you’re a first time buyer in Manchester, we’re here to guide you through the entire process. From understanding your borrowing power to collecting your keys, our team of mortgage advisors will support you at every stage.
Book your free mortgage appointment today and take the first step towards owning your home in Manchester.
Date Last Edited: June 18, 2025
