The process typically starts with getting an Agreement in Principle (AIP) for a mortgage, then searching for properties and arranging viewings. Once you find a suitable home, you make an offer. If accepted, your solicitor will handle legal checks (conveyancing), you'll arrange a survey, finalise your mortgage, and then move to completion, where ownership is transferred. We're here to guide you every step of the way.

In 2025, the average cost of a first-time buyer home in Belfast ranges from £100,000 to £200,000, depending on the area and property type. Terraced houses in West Belfast or Andersonstown are often at the lower end, while apartments in the Titanic Quarter or semi-detached homes in East Belfast may approach £200,000. Check recent sales on PropertyPal to gauge prices in neighborhoods like Botanic or the Lisburn Road.

Most lenders require a 5-10% deposit for first-time buyers in Belfast. For a £150,000 home in areas like the Ormeau Road, this means £7,500-£15,000. Some lenders offer 5% deposit mortgages, but these may have higher interest rates. Saving early and exploring schemes like Co-Ownership can reduce the deposit needed in Belfast’s property market.

Affordable areas for first-time buyers in Belfast include West Belfast (e.g., Andersonstown, Falls Road) for terraced homes, East Belfast (e.g., Holywood Road) for apartments, and North Belfast (e.g., Antrim Road) for budget-friendly semis. South Belfast, like Stranmillis or the Lisburn Road, is pricier but offers proximity to Queen’s University and amenities. Consider transport links and local schools when choosing.

Compare mortgage lenders in Belfast based on interest rates, fees, and first-time buyer incentives. Local banks like Ulster Bank and Danske Bank offer tailored products, while nationwide lenders like Nationwide or Halifax are also popular. Use a Belfast-based mortgage broker to find deals suited to your budget and properties in areas like Botanic or East Belfast.

An Agreement in Principle (AIP) is a lender’s estimate of how much you can borrow, based on your income, credit score, and financial situation. In Belfast’s competitive market, an AIP shows estate agents and sellers you’re a serious buyer, especially in high-demand areas like South Belfast. It’s free, non-binding, and typically valid for 60-90 days.

During viewings, check the property’s condition, including damp, wiring, and structural issues, especially in older homes in West Belfast or the Shankill Road. Assess the neighborhood’s amenities, like proximity to Belfast City Centre, public transport, or parks like Ormeau Park. Ask about energy efficiency (check the EPC) and local noise levels, particularly in urban areas like the Titanic Quarter.

Beyond the deposit, expect costs like solicitor fees (£1,000-£2,000), survey costs (£200-£600), lender valuation fees (£150-£300), and stamp duty (exempt for properties under £250,000 in Northern Ireland as of 2025). Budget for moving costs and furnishings, especially for apartments in the Titanic Quarter or homes in East Belfast.