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Home buying blog

Everything you need
to buy in the UK.

Expert, plain-English guides on mortgages, conveyancing, surveys, stamp duty, and every stage of buying your first home — what happens, how long it takes, what it costs, and what to watch out for. Free to read, no lead farm.

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Home-buying news, updated regularly

What's moving the UK property market right now — prices, mortgage rates, and support for first-time buyers.

Browse the whole journey

The UK buying process in order — click any stage to read the full guide.

UK home buying — frequently asked questions

What is a Mortgage Agreement in Principle?

An Agreement in Principle (also called a Decision in Principle) is a soft-credit-check letter from a lender confirming roughly how much they'd be willing to lend you. It's free, takes a couple of days, and is typically valid for 30–90 days.

Which is the best UK property search site?

Rightmove has the largest inventory; Zoopla shows sold-price history; OnTheMarket often gets new listings 24 hours before the others. Use all three plus the smaller PrimeLocation for higher-end properties.

How much under asking price should I offer?

Common starting offers are 5–10% below asking, but it depends on demand. In a slow market, 10–15% is reasonable; in a hot market, asking or above is sometimes needed.

How long does a UK mortgage offer take?

Most lenders issue an offer within 2–6 weeks of receiving a complete application. Simple cases (PAYE income, clean credit) can be quicker; self-employed, contract or complex cases take longer.

What does a conveyancing solicitor do?

They handle the legal transfer of property — drafting and reviewing contracts, running local authority searches, checking the title, and managing the actual money transfer at exchange and completion.

Is the lender's valuation a survey?

No. The lender's valuation is a basic check that the property exists and is worth roughly what you're paying. It's for the lender, not you. A proper survey is a separate commission you arrange yourself.

When does buildings insurance need to start?

On the day you exchange contracts, not the day you complete. From exchange you're legally bound to buy, so if the property burns down between exchange and completion, you still have to buy it — and insurance is what protects you from that risk.

What happens if I pull out after exchange?

You lose your 10% deposit and can be sued for further damages by the seller. After exchange the contract is legally binding — only pull out for the most serious reasons and with legal advice.

What time do you get the keys on completion day?

Usually around midday once the funds clear, though it can be earlier or later. The seller's solicitor releases the keys to the estate agent as soon as the money lands in their account.

Do first-time buyers pay Stamp Duty in the UK?

First-time buyers in England and Northern Ireland pay 0% Stamp Duty on the first £425,000 (up to a maximum property price of £625,000). Above that, normal rates apply. Wales and Scotland use Land Transaction Tax and Land and Buildings Transaction Tax respectively.

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