Getting on the property ladder is a big milestone – and if you’re thinking of buying your first home in Paisley, you’re not alone. With a mix of traditional sandstone flats, modern new builds, and charming villas, it’s a great place to settle down. But we get it – the process can feel overwhelming.
Whether you’re unsure how much deposit you’ll need or you’re already eyeing up properties for sale in Paisley, this guide is for you.
Know how much you can afford
Before you fall in love with your dream home, it’s important to get clear on your budget.
A good starting point is to speak to a mortgage advisor. They’ll help you understand:
- How much you can borrow
- What deposit you’ll need
- What monthly payments will look like
- Which schemes might help you as a first-time buyer
If you’re not sure where to begin, we can point you in the direction of trusted mortgage advice in Paisley.
How much deposit do I need?
Generally, you’ll need at least 5% of the property price for your deposit. But the more you can save, the better the deal you’re likely to get. For example:
- For a £120,000 flat, a 5% deposit is £6,000
- A 10% deposit would be £12,000
Many lenders prefer a 10% deposit or higher, especially if you want access to more competitive rates.
Check your credit score
Your credit score plays a big part in whether you’re accepted for a mortgage. Before applying, check your credit report through a free service like Experian or ClearScore. Look out for:
- Errors on your file (like outdated addresses)
- Missed payments
- Credit card debt
Improving your score – even slightly – can make a big difference to your mortgage options.
Get an Agreement in Principle
Once you’ve spoken to a mortgage advisor and checked your credit, you can apply for an Agreement in Principle (AIP). This is a letter from a lender saying, in theory, they’d be willing to lend you a certain amount.
It’s not a full mortgage offer, but it’s useful for three reasons:
- It shows estate agents you’re serious
- It helps you know what price range to view
- It speeds things up when you find ‘the one’
Research the Paisley property market
Paisley has plenty to offer first-time buyers – from classic tenements to modern apartments and family homes. Areas to explore include:
- Paisley town centre – great for transport links and shops
- Ralston – ideal for families or young professionals wanting a bit more space
- Gallowhill – affordable options for those starting out
- Glenburn and Foxbar – good value homes with green space nearby
We always recommend registering with your local Martin & Co office. We often hear about new properties for sale in Paisley before they go online, and we can alert you when something matches your needs.
Arrange viewings (and ask the right questions)
Once you know your budget and have your AIP, it’s time to start viewing.
Before each visit, make a checklist of what matters to you – things like:
- Is there enough space for working from home?
- What’s the local parking like?
- Is it close to shops or public transport?
Don’t be afraid to ask questions during the viewing. And if you’re unsure what to look for, bring someone you trust for a second opinion.
Make an offer
Found a place you love? Great! Let the estate agent know you’d like to make an offer.
At this stage, they’ll usually want:
- Proof of your deposit
- Your Agreement in Principle
- Your solicitor’s details
Your offer might be accepted straight away – or the seller might come back with a counteroffer. Either way, we’ll guide you through it.
Instruct a solicitor
Once your offer is accepted, you’ll need a solicitor or conveyancer to handle the legal bits. They’ll:
- Request the contract
- Check title deeds and searches
- Liaise with the seller’s solicitor
- Help you complete the purchase
If you don’t already have someone in mind, we can recommend local solicitors who work regularly with first-time buyers in Paisley.
Finalise your mortgage application
Now your offer’s accepted, it’s time to get your full mortgage offer. Your lender will:
- Carry out a mortgage valuation of the property
- Ask for documents like payslips and bank statements
- Confirm your loan amount and interest rate
This part can take a few weeks, so stay in close contact with your broker or lender.
Arrange a survey (if you want one)
You’re not required to get a separate survey, but it’s a good idea – especially for older properties.
A Home Buyer Report is a popular choice for first-time buyers. It’ll highlight any issues like damp, roof repairs or structural concerns, so you can make an informed decision.
Exchange contracts and complete
Once all checks are done and your solicitor is happy, you’ll exchange contracts – and then it’s legally binding. Your completion date is usually agreed at this point.
On completion day, your solicitor will transfer the funds and you’ll get the keys. Congratulations – you’re a homeowner!
What help is available for first-time buyers?
There are a few schemes that could make buying your first home in Paisley more affordable:
First Homes scheme
This government scheme offers selected new-build properties to first-time buyers at a 30% discount. Check if any local developments are participating.
Shared Ownership
You buy a share of a property (usually 25% to 75%) and pay rent on the rest. It’s a good option if you can’t afford a home outright.
Mortgage guarantee scheme
Backed by the government, this scheme supports 5% deposit mortgages, helping you get on the ladder sooner.
Speak to a mortgage advisor to find out what you might be eligible for.
Why choose Paisley for your first home?
Paisley is packed with character, history and local pride. It offers:
- Affordable property prices compared to nearby Glasgow
- Strong transport links – just 10 minutes by train to Glasgow Central
- Green spaces like Barshaw Park and Gleniffer Braes
- Shops, cafes and local amenities with a growing arts and culture scene
It’s also home to the University of the West of Scotland, meaning it appeals to young professionals and families alike.
If you’re looking for a place that’s well-connected but still has its own identity, Paisley could be perfect.
Looking for expert help?
At Martin & Co Paisley, we work with first-time buyers every day. Whether you’re just getting started or ready to view, we’re here to make things clearer and easier.
From helping you understand how to buy your first home in Paisley to putting you in touch with trusted mortgage advice, we’ll be by your side throughout.
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