First time buyer guide
you've got the keys.

Buying a home is a long term commitment. That’s why our commitment to you doesn’t stop there. We’ll now talk you through some of the next important steps.


What you need to know

  • When you’ve done the hard work of sorting out your mortgage and arranging the purchase, it’s time to take care of the logistics. Check out our tips for making the move.
  • Your first payment will be slightly more than your regular monthly amount. Make sure you’re ready to make it on time.
  • Need to make changes to your mortgage? Or want to see the impact your monthly payments are having? You can do this quickly and easily.

Want to talk it over?

You can speak to one of our mortgage advisers in person, or chat things over on the phone.

Call us on 0345 850 3705 (Mon-Fri 8am – 8pm, Sat 9am – 4pm) or you can book a branch appointment.

It always feels like there’s so much to do when you move home. Here's a list to help you remember the things that are easily forgot.

The big move

  • Decide if you’re going to employ a removal firm or do the move yourself.
  • If you’re hiring someone, get a few quotes. And don’t forget to check their insurance.
  • After all, they’ll be responsible for the safe transport of your belongings.
  • If you’re hiring a van and doing the driving, everyone who might drive it will need to be insured.

Do you really need three toasters?

  • It might be an idea to start clearing out anything you haven’t used for a while – there’s no point in moving junk from one loft to another.
  • Decide what you won’t be taking with you. You can recycle the rest or take it to a charity shop.

Ready…

  • Start collecting what you'll need to pack up your life, like newspaper, boxes, bags and tape.
  • Begin to pack away the stuff you won't need between now and moving day.
  • You’ll have buildings insurance sorted. But if you haven’t arranged cover for your contents, get in touch with your existing provider or find new cover. Make sure it starts from the day you move into your new home.

Get set…

  • Let your power and broadband suppliers know you'll be moving to a new address.
  • Make it easier for yourself when you arrive: clearly label what stuff needs to go in what room.
  • List everyone who needs your new address and send it to them.
  • Make sure your mail gets forwarded to your new address for a while after you move.
  • Pack a box of essentials so you can eat, drink or feed the pets when you get to your new home.

Go!

  • Grab a bag and pack it with all you’ll need to get through the first night in your new home, like toilet paper and some clean nightwear.
  • Read the gas, electricity and water meters and let your suppliers know.
  • Check everywhere before you leave your old home for the last time. Don't forget to look in the loft and the garden.

Once you’re in your new home, the next milestone will be your first mortgage payment.

We'll let you know how much your first payment will be, shortly after your mortgage is complete.

How much will my first payment be?

It's normally more than your regular monthly payment. That's because it includes an initial interest payment. This covers the interest for the days between the date you move in and the end of that month.

For example, if you complete on the 15th, interest will be charged from the 15th to the end of the month. We’ll add this to your standard monthly payment for the following month. This is why your first payment will be more than normal.

When do I make my first payment?

Your first payment will always be in the month after you complete your mortgage.

It will normally be on the day of the month you’ve asked us to take your mortgage payments. However, if you complete less than four working days before the end of the month, we’ll move the payment to the 10th of the following month.

This is to give us enough time to make sure we take the right amount. Here’s an example of how it works:

Completion dateFirst payment date
15th 1st
29th 10th

If your first payment taken on a different date to what we agreed, it will go back to the normal date the following month.

Want to change your payment details? Borrow more? Check your current balance? There are a few ways you can do this.

Checking your balance

The easiest way to check your mortgage balance is to sign in to Online Banking. If you haven't registered yet, it only takes a few minutes. And you should be able to sign in straight away.

Find out how to register

Making overpayments

Once you’re making regular mortgage payments, you might find that you can pay a bit more off each month. Or you may want to make a one-off payment, which is easy to do online. 

Our mortgage overpayment calculator can give you an idea of how overpaying on a mortgage could save you money by reducing the amount of interest charged.

Find out more about overpayments

Getting help with payments

Things happen to us without warning. Perhaps you can’t work because you're ill or lose your job. If so, it could be hard to for you to meet your financial commitments and you may need some help.

If you find yourself with money problems, contact us straight away so we can give you the help you need.

Whatever happens, don't ignore the problem.

Find out more about facing financial difficulty

Borrowing more

When you've had your mortgage more than six months, you might be able to borrow more. You could use the money to pay for home improvements or to make a special purchase.

The maximum amount you can borrow in total, with your existing mortgage and additional borrowing, is 85% of your property on a repayment basis (75% on an interest-only basis).

Find out about borrowing more

Switching your deal

You may be on a fixed rate mortgage now, but when your fixed rate deal comes to an end you will move onto our Halifax Homeowner Variable rate.

When your Halifax mortgage deal is ending, or once you’re on one of our lender variable rates, you may want to think about choosing a new mortgage deal as it may save you money.

Find out more about switching deal

Making other changes

Over the life of your mortgage, you may need to make other changes. For example, changing your name, or adding or removing people named on your mortgage account.

Find out more about making changes to your mortgage

For more information or help with managing your mortgage, please read our guide to managing your mortgage.

Managing your mortgage

Your home may be repossessed if you do not keep up repayments on your mortgage.