EXPERTS
Agony agent Readers put their property questions to our guest panel of experts: solicitors, mortgage advisers, property gurus and shared ownership providers
THIS MONTH’S PANEL OF EXPERTS
Paula Higgins , Chief Executive, HomeOwners Alliance
Paul Warren , LSL Land & New Homes Regional Managing Director, South
How to get on the property ladder Q I am a first time buyer and very keen to buy my first home. As I know very little about the process, how do I get on to the property ladder? Oscar Shuttleworth, Oxford A Getting on to the property ladder can feel like a huge task and out of reach for many first time buyers, but the steps are much more manageable once you break them down. Here’s some useful tips for first time buyers to follow: • Get a realistic idea of your budget Start by looking at your income, debts and typical monthly spending. From there, a lender or mortgage adviser can give you an approximate borrowing range.This step will give you an idea whether you can buy now or need to plan for the future. • Check your credit health Your credit score influences the rate you’ll get and how much you can borrow. If it needs a little work, even small changes such as paying down credit cards and avoiding new credit can make a noticeable difference in a few months. Payment history is the biggest chunk of your score. Automating minimum payments protects you from an accidental late mark that could stick around for years. Avoid big purchases on credit while preparing to buy – financing furniture, cars, or new tech right before applying for a mortgage can suddenly change your debt-to-income ratio and impact your score. • Build your deposit and plan for upfront costs You don’t always need a 10-20% deposit; many lenders will accept around 5%. Set a realistic savings goal. Don’t forget to allow for solicitor fees, a valuation, survey, and moving costs. • Explore affordable housing schemes You might have access to Shared Ownership, which can dramatically lower the entry barrier.You generally need less income and a smaller deposit compared to buying on the open market. For those with limited deposit, Rent to Buy offers a way to try before you buy your new home. • Get a mortgage decision in principle This is a good way to show sellers and builders that you’re serious and gives you a clearer sense of what you can offer. • Start viewing properties that match your comfort zone Whether it’s new build or resale, viewing homes helps you understand what’s realistic for your budget and lifestyle. It also sharpens your priorities – location, size, commute, amenities. • Plan for long-term affordability Think about future income, interest rates and lifestyle changes so you choose a home that still feels comfortable later on.
Lisa Westerman , Director, LWC Consultancy & Property Sales Ltd
TEST THE PANEL
We need your questions... If you have any queries, or difficulties in understanding the property buying process, our panel of experts is waiting to help. Send our team your questions on buying property, shared ownership, legal issues, or your financial problems and we’ll find the best person from the panel to give the advice you need.
Email your questions to: lynda@ rsttimebuyermag.co.uk
Lisa Westerman
94 First Time Buyer February/March 2026
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