First-Time Buyers in 2026

What to Focus on Before You Even Look at Properties

Buying your first home is exciting, but it can also feel overwhelming, especially in a market shaped by changing interest rates, affordability checks and rising living costs. For first-time buyers in 2026, the most important work often happens long before you book a viewing or start scrolling property websites.

Getting the foundations right early can make the whole process calmer, clearer and far less stressful.

Start with your deposit and savings position

Your deposit plays a major role in the type of mortgage deals available to you. While some mortgages are available with smaller deposits, having a larger deposit can improve the range of options and reduce monthly repayments.

It is also important to factor in other upfront costs. These can include solicitor fees, surveys, removals and ongoing home ownership costs such as insurance and maintenance. Understanding the full financial picture early helps avoid surprises later.

Many first-time buyers also benefit from building a small emergency fund alongside their deposit. This can provide reassurance if unexpected costs arise after you move in.

Check and understand your credit file

Your credit file has a significant influence on how lenders assess mortgage applications. Before applying for anything, it is worth checking your credit report to make sure the information is accurate and up to date.

Simple steps such as being registered on the electoral roll, paying bills on time and reducing outstanding unsecured debt can all support a stronger application. If there are errors on your file, addressing them early gives you time to correct issues before you are under pressure.

Understanding your credit position does not mean chasing perfection. It is about knowing where you stand and allowing time for improvements where possible.

Know what lenders look for in affordability checks

Affordability is not just about income. Lenders also look closely at your regular outgoings, financial commitments and spending patterns. This includes childcare costs, car finance, subscriptions and everyday living expenses.

Looking at your own budget honestly before applying can help you understand what feels comfortable month to month, not just what might be offered on paper. A mortgage should support your life, not stretch it uncomfortably.

Changes to income or employment can also affect affordability. If you are self-employed, recently changed jobs or work on variable income, preparation becomes even more important.

Understand schemes and support available to first-time buyers

There are several government-backed schemes designed to help first-time buyers, but not all schemes suit every situation. Eligibility criteria, property limits and long-term implications should always be considered carefully.

Learning how these schemes work before you commit to a property can prevent rushed decisions or disappointment later on. Even if you decide not to use a scheme, understanding what support exists can be reassuring.

Get clarity before viewing properties

One of the biggest causes of stress for first-time buyers is falling in love with a property before understanding their borrowing position. Having clarity around your budget, likely mortgage range and monthly comfort level puts you in a stronger position when you do start viewing.

This preparation can also help when making offers, as you are less likely to feel rushed or uncertain about what you can realistically afford.

Take your time and ask questions

Buying your first home is not a race. Taking time to learn, ask questions and understand your options can make the experience far more positive. Reliable, impartial guidance can be a valuable starting point before speaking to professionals or making commitments.

Being prepared does not remove all uncertainty, but it does replace guesswork with confidence. Please get in touch for help and advice wit your first mortgage.

Barry, The Mortgage Network - Helping you start the year with a clear plan, confident decisions and a mortgage that works for you.

Your home may be repossessed if you do not keep up repayments on your mortgage.