Mortgages

Your guide to negotiating & settling your first home

3 MIN READ July 3, 2025
You’re almost there! When you’re in the final stages, it’s crucial to understand the different methods of purchasing property, the settlement process, and how to structure your home loan. Here’s what you need to know to be fully prepared for this exciting step.

 

Understanding property purchase methods

There are several ways to purchase a property, such as by negotiation, auction, or tender. Each method has its own set of rules and requirements, so it’s important to know which one suits your situation. Auctions, for example, require you to have your financing and due diligence completed beforehand (not recommended for those without pre-approval), while negotiation may give you more flexibility to discuss terms with the seller.

 

Use our free Haven Property Report

As you explore properties, take advantage of our free Haven Property Report to gain valuable insights into potential homes. The full report provides a comprehensive breakdown of the property details, surrounding area statistics, and an assessed value. To add real weight to your due-diligence on any property, request your Property Report here. Click here to see an example report! 

 

Seek advice

Before making an offer, seek legal advice to ensure you understand the terms and implications of your purchase. Your Haven mortgage adviser can refer you to trusted legal professionals who offer preferential rates for this service.

 

Additionally, it’s essential to check the insurability of the house for mortgage purposes. At Haven, we work with trusted providers for house insurance, and our advisers can provide guidance on personal insurance cover, ensuring you’re protected and able to meet your mortgage obligations even in case of unexpected health challenges or life events.

 

Loan structures and settlements

When it comes to your mortgage, choosing the right loan structure is vital. You may consider fixed rates, floating rates, or a combination of both, depending on your financial situation and goals. Structuring your loan properly can help you manage your repayments effectively and maximise your financial stability. Your Haven mortgage adviser works with you to ensure your mortgage is optimally structured with a key objective to end up mortgage free faster!

 

Settlement is the final step where the property ownership officially transfers to you. This process includes linking with your solicitor to arrange the payment of any remaining deposit, executing mortgage documents, drawing down your home loan, and receiving the keys to your new home!

 

Talk to your adviser

Haven Mortgages is here to guide you through every step of the purchase and settlement process. We’re excited to help you take this final step towards owning your first home!

 

Questions or need assistance? Contact us at 0800 700 699 or complete the form below, and we’ll be happy to help.

 

*The information contained in this blog is for general information purposes only. It is not intended to constitute financial advice and does not take your individual circumstances and financial situation into account. We encourage you to seek assistance from a trusted financial adviser.


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