Setting your budget

The first step is to set your budget, for which you will need to consider your income and either any savings or the proceeds from the sale of your existing property. If you have a property to sell, with more than 110 branches across the UK, Leaders can offer you an up-to-date market appraisal of your home that will help you understand how much equity you have to put towards your next purchase.

If you are going to be using a mortgage to make your purchase then it's important to get this in place before you start looking. Leaders has teamed up with Mortgage Advice Bureau (MAB) and the company can assess your borrowing potential and secure you an agreement in principle, which will help you determine how much you can afford.

As well as the purchase price of the property, it is important to remember other associated buying costs, such as stamp duty, solicitor's fees and, if applicable, mortgage arrangement and valuation fees.

The next step: Finding a property