A practical guide to navigating your first property purchase

As an all-female law firm, Mason Thomas Law is keenly aware of how far equality has come. It’s hard to imagine now, but just 50 years ago, a woman applying for a mortgage on her own was almost unheard

Prior to the Sex Discrimination Act 1975, banks and financial institutions could simply refuse loans to unmarried women. Even women with their own income often needed a male guarantor, like a husband or father, to co-sign their mortgage.

Since then, women have been making up for lost time. In fact, by 2023, one in five home purchases were made by single women, compared to just 8% by single men. Over the last five years, there’s been a 14% rise in the proportion of sole female mortgage applicants.

Home ownership isn’t just increasing amongst women. Last year saw a big increase in the number of first-time buyers, up almost a fifth from 2023.

“Buying your first home is such a mix of nerves and excitement. It’s one of those life milestones you never forget,” said Jo Malcolm, Director and Licensed Conveyancer at Mason Thomas Law. “I still remember the day I got the keys to my first property; even though I was already a property law solicitor and knew exactly what to expect, it didn’t make it any less special. That combination of anticipation and pride is something I see in so many of our clients, and it’s a privilege to help them through it.”

If you are buying your first home, here are some top tips from Jo to help you understand what to expect and what you can do to ensure your property transaction goes as smoothly as possible.

 

Preparing for your first meeting with your solicitor or conveyancer 

Before you formally instruct your solicitor or conveyancer, you can prepare information to help them begin the conveyancing process efficiently.

• Gather documents: Have your proof of identity (such as a passport or driver’s license), proof of address (utility or council tax bill), mortgage offer, and evidence of your deposit funds ready for anti-money laundering checks.

• Prepare your questions: Create a list of key questions. These may include:
  • Expected timeline for the conveyancing process.
  • Specific searches they will conduct on the property and why?
  • What happens if the sale falls through?
  • Solicitor availability and backup plan for holidays or sickness.

• Provide information on the property: Let your solicitor know all the details of the purchase, including the property address, the seller’s estate agent, and the agreed purchase price.

• Keep a record: Take notes during conversations and follow up important discussions with an email summarising what was agreed. This creates a clear paper trail and helps ensure everyone is on the same page.

• Maintain realistic expectations: The conveyancing process is dependent on third parties, and delays are common. Stay in regular contact with your solicitor but manage your expectations for how quickly things will proceed.

• Communicate the completion date: Once a completion date is agreed upon, confirm it with your solicitor, estate agent, and anyone else in the property chain. Do not book removals until contracts have been exchanged and the date is legally fixed.

 

Managing communication and responsibilities during the conveyancing process 

Once the process is underway, Jo recommends that you follow these best practices for a smooth working relationship with your solicitor.

• Be responsive and proactive: Reply to your solicitor’s requests for information and signed documents as quickly as possible to avoid delaying the process.

• Make your own enquiries: While your solicitor handles the legal checks, you should inform them of any concerns you have from your property viewings or survey. For example, if you notice a disused industrial unit nearby or are concerned about boundary lines, let them know so they can investigate.

• Understand your reports: When your solicitor sends a Report on Title, read it thoroughly. It outlines all the legal findings and potential risks. If anything is unclear, ask for an explanation before you commit to signing the contract.

 

During the process 

• Provide information promptly: Respond quickly to requests for information and documents, especially your ID for anti-money laundering checks.

• Ask questions:  Don’t hesitate to ask for clarification on any part of the process, such as the results of searches or the meaning of contract clauses.

• Stay in touch: Make sure you are contactable. Let your solicitor know when you will be uncontactable (e.g. when you’re at work), and respond promptly to any messages you receive.

• Be patient: Understand that the process involves waiting for third parties to complete searches, which can take time.

Choosing the right conveyancer or solicitor is essential to ensure the property buying process is smooth, secure, and as stress-free as possible. For advice on how to choose a solicitor or conveyancer, read Jo’s guide here.

 

Let’s Get You Moving

Whether you’re buying or selling a residential or commercial property, our experienced team is here to help. Contact us today for a no-obligation quote and discover how Mason Thomas Law can support your next move.