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Yeah. I'd be happy to sit down with you over a coffee and give you the skinny if that would help. Anything special about your circumstances and what you are looking for? Contractor, looking for a special kind of house, etc?
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A fair variety of stuff on here http://www.moneysavingexpert.com/mortgages/house-buying-guide Mainly people just seem to make it up as they go along through information from chinese whispers.
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I am in the process of buying my first house so...
Deposit - this comes down to how much do you have? the more deposit the better the mortgage deal (generally), but deals are to be had with lower percentages. Borrowing is pretty cheap at the moment.
Solicitors - all the quotes I had were somewhere in the region of £1500 + stamp duty (varies depending on cost of house, google it). This is not in London though. Ours asked for a £400 retainer to get work started, next payment due on completion, then final payment on exchange, so you have some time to earn the cash you're spending. Which is nice.
Mortgages - worth speaking to a free broker like London & Country who will be able to take you through the options and give you a decision in principle to give you an idea of what you should be able to afford. But beware the DiP, my experience is you can't actually borrow quite as much as they'd lead you to beleive. Having a DiP shows vendors and estate agents you are serious about buying and have a vague idea of what you can afford.
Surveys - the mortgage company will insist on a valuation, which of course you have to pay for. However they often offer the option of paying more for a homebuyers report (surveyor not legally liable if defects found that weren't raised), or even more a full "proper" survey where the surveyor is liable if they don't pick up on something that they should have. -
How much deposit, what type of mortgage, how much mortgage repayment, solicitors, mortgage advisors, surveys etc. I literally have no idea where to start but would like to begin finding out.
Arrange a meeting with a mortgage consultant at your bank/BS. They might even be able to produce a Decision in Principle for you if you have all the answers to their questions.
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Sorry - ignore me.
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Can anyone point me to any good quality information about "buying your first house" for beginners...
How much deposit, what type of mortgage, how much mortgage repayment, solicitors, mortgage advisors, surveys etc. I literally have no idea where to start but would like to begin finding out.