Why Autumn 2025 Could Be the Perfect Time to Buy Your First Home
Buying your first home is one of life’s biggest milestones. It’s exciting, but it can also feel overwhelming – especially when the housing market and mortgage rates seem unpredictable. The good news? Autumn 2025 could be one of the most favourable times for first-time buyers to step onto the property ladder.
Why Autumn Works in Your Favour
Motivated Sellers
Spring and early summer are traditionally the busiest times for property sales. By autumn, homes that haven’t yet sold may have motivated sellers behind them. This can lead to greater flexibility on price or a quicker completion, which is great news for first-time buyers with finance in place.
Interest Rate Relief
With the Bank of England recently cutting its base rate, mortgage affordability has improved. This means many buyers could borrow slightly more or benefit from lower monthly repayments than just a few months ago. For first-time buyers balancing rent, bills, and saving for a deposit, even a small reduction can make the difference between renting and owning.
Less Competition
By autumn, the “summer rush” has usually eased. Fewer buyers in the market means less chance of bidding wars – giving you a better chance of securing your dream home without overstretching yourself.
Steps to Take Before Making an Offer
1. Review Your Deposit and Savings
Lenders usually require a deposit of at least 5–10%. But a larger deposit – 15% or 20% – often unlocks better mortgage rates. Review your savings and consider whether family support (such as gifted deposits) might give you a stronger starting position.
2. Secure a Decision in Principle (DIP)
A DIP shows sellers you’re serious and financially ready to proceed. It can also help you understand exactly what you can afford before you start viewing properties.
3. Budget for More Than Just the Deposit
Remember that buying a home involves solicitor fees, valuation fees, surveys, moving costs, and sometimes stamp duty. Factor these into your budget to avoid last-minute surprises.
4. Consider Protection
Alongside your mortgage, think about protection policies such as life insurance or income protection. They provide reassurance that you and your home are safeguarded if circumstances change.
The Emotional Side of Buying
Many first-time buyers worry about “getting it wrong.” But with the right advice, you can approach the process with confidence. A mortgage adviser acts as your guide, helping you find the right deal, liaising with lenders, and supporting you through the application journey.
Take the Next Step with Larkbridge Mortgages
At Larkbridge Mortgages, we’ve helped hundreds of first-time buyers turn the dream of home ownership into reality. If you’re ready to take the next step this autumn, contact us today — we’re here to guide you every step of the way.
