Finding Your Home
Budgeting and search strategies
Reviewed and signed off by Patricia Ogunfeibo
Solicitor and Chartered Tax Adviser, both non-practising. UK property since 1986.
Last reviewed
- Applies to:
- England
- Last reviewed:
- Next review:
- November 2026
Checked against GOV.UK. Sources are listed at the end of this guide.
Scheme and lender rules can change. How we label evidence.
Prefer to listen? This guide is available as audio, roughly 4 minutes of listening.
Executive Summary
Set a realistic budget using the 4-4.5x income rule, search smartly across multiple platforms, and view properties like a pro. Strong preparation and strategic offers win homes.
Setting Your Budget
What you can borrow: Typically 4-4.5x your annual income (up to 5.5x with some lenders). What you need upfront: Deposit (minimum 5%, 10% opens more options), legal fees (£1,000-£2,000), survey (£400-£1,500), moving costs (£500-£1,500), emergency fund (£1,000-£3,000).
Smart Search Strategies
Use multiple platforms: Rightmove (largest selection), Zoopla (includes sold prices), OnTheMarket (some exclusives). Also check estate agent mailing lists, new build developers, local Facebook groups, and auction houses.
Viewing Like a Pro
Before viewing: Google Street View the area, check crime statistics, research schools, note transport links. During viewing: Check water pressure, phone signal, storage space, natural light, noise levels, signs of damp, boiler age, windows condition, and electrical setup.
Myths vs Facts
MYTH
You need a 20% deposit to buy a home
FACT
0% and 5% deposit mortgage products are available. A larger deposit gives you access to more lenders and better rates.
Action Checklist
Where this comes from
Each source is labelled so you can tell a government rule from market practice, and both from our own view. Read our evidence standard.
- Government ruleGOV.UK, HM Land Registry price paid data
- Government ruleGOV.UK, how to buy a home
- Our guidancetenant2owner editorial standards and our own interpretation
Your next steps
You do not need to read everything. Based on this guide, these are the useful next moves.
1. Do this now
Rent vs BuyAn honest comparison of renting against buying.
2. Read this next
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