From renting to owning: your guide to making the move

At Stonebridge Homes, we understand that moving from renting to owning is one of life’s biggest milestones. It’s exciting, but it can also feel overwhelming. If you’re currently renting and dreaming of buying your own home, here are some essential tips to help you make the transition smoothly.

1. Understand your finances

Before you start browsing properties, take a close look at your financial situation.

• Check your credit score: A healthy credit score can unlock better mortgage rates.
• Save for a deposit: Most lenders require at least 5–10% of the property value as a deposit.
• Budget realistically: Factor in not just the mortgage, but also legal fees, surveys, and moving costs.

2. Know what you want

Renting gives you flexibility, but buying means committing. Think about:

• Location: Do you want to stay in the same area or move closer to work, family, or schools?
• Property type: Are you looking for a starter home, a new build, or something with room to grow?
• Lifestyle needs: Consider outdoor space, parking, and energy efficiency.

3. Explore mortgage options

Speak to a mortgage advisor early (we can put you in touch with a mortgage advisor). They can help you:

• Understand how much you can borrow.
• Compare fixed vs. variable rates.
• Check if you qualify for schemes like Own New or Shared Ownership, which can make buying more affordable.

4. Plan for the long term

Owning a home is an investment in your future. Ask yourself:

• Will this property suit your needs for the next 5–10 years?
• Is the area growing in value?

5. Take advantage of new build benefits

Buying a new build with Stonebridge Homes means:

• Energy efficiency: Lower bills and a smaller carbon footprint.
• Modern design: Homes built for today’s lifestyles.
• Peace of mind: With a 10-year warranty, you can buy with confidence.

Ready to make the move?

If you’re ready to turn your renting days into home-owning dreams, our team at Stonebridge Homes is here to guide you every step of the way. Explore our developments and find the perfect home for your future.