About this session
Buying a first home can turn several separate financial questions into one very large decision. How much deposit or down payment is enough?
What could a lender offer? What monthly payment would actually feel comfortable?
How much cash is needed for taxes, legal work, inspections, moving and everything else that sits around the purchase? These numbers are connected, but they are not the same thing.
This session helps participants build the complete financial picture before committing to a property.
They calculate a comfortable monthly ownership budget, separate purchase cash from money they want to retain afterwards and learn how to compare mortgages using the rate, fees, term and potential payment changes rather than focusing on one headline number.
Participants then price the wider transaction, investigate first-time-buyer support that may apply locally and stress-test a potential purchase against realistic first-year costs.
They leave with a personal homebuying readiness map showing the price range they can investigate, the information they still need and the financial conditions that need to be true before buying feels sustainable rather than merely possible.
What your people take away
- Calculate a comfortable homeownership budget rather than relying only on the maximum a lender may offer
- Separate the deposit or down payment from transaction costs and the cash needed after the purchase
- Compare mortgage options using the complete borrowing cost rather than the headline interest rate alone
- Identify purchase costs, local first-time-buyer support and property-specific expenses that can change affordability
- Stress-test the decision and build a first-year ownership plan before committing to the property
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- What each length covers, 30 minutes to full day
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What each length covers
30 minutes
30 Minutes — Key Points: Build Your Real Homebuying NumberA focused 30-minute session on three key points from Build Your Real Homebuying Number: start with the payment your life can comfortably carry, calculate the whole monthly cost of owning and separate the money to buy from the money to keep.
- Start with the payment your life can comfortably carry
- Calculate the whole monthly cost of owning
- Separate the money to buy from the money to keep
Covers 3 of 4 points in Build Your Real Homebuying Number.
60 minutes
60 Minutes — Module 1: Build Your Real Homebuying NumberA practical introduction to first-home affordability through the participant's own financial life. Participants calculate a comfortable monthly ownership range, distinguish deposit or down-payment savings from transaction costs and post-purchase cash and create a maximum property budget based on what they want their finances to look like after buying — not simply what a lender might permit.
- Module 1: Build Your Real Homebuying Number
- Live Q&A
Covers 1 of 4 parts: Build Your Real Homebuying Number.
90 minutes
90 Minutes — Modules 1 and 2: Work Out What You Can Afford & Understand the MortgageEverything in the 60-minute session, plus guided work on mortgage preparation and comparison. Participants identify the financial information lenders are likely to examine, compare borrowing examples using rate, fees, term and payment behavior and build a mortgage-question checklist so they can evaluate an offer without allowing the lowest advertised rate to make the decision for them.
- Module 1: Build Your Real Homebuying Number
- Module 2: Understand the Mortgage Before You Choose It
- Comfortable ownership-budget exercise
- Mortgage comparison lab
- Live Q&A
Covers 2 of 4 parts: Build Your Real Homebuying Number and Understand the Mortgage Before You Choose It.
3 hours
Covers 3 of 4 parts: Build Your Real Homebuying Number, Understand the Mortgage Before You Choose It and Price the Whole Purchase, Not Just the Property.
Full day
Full Day — Full First-Time Homebuyer Financial WorkshopFull coverage of all four modules with affordability calculations, mortgage comparisons, purchase-cost mapping and realistic property scenarios. Participants calculate the cash needed to buy, investigate the true monthly cost of ownership, stress-test an offer and leave with a practical 90-day readiness plan covering mortgage preparation, local purchase costs and the financial buffer they want to preserve after buying.
- Module 1: Build Your Real Homebuying Number
- Module 2: Understand the Mortgage Before You Choose It
- Module 3: Price the Whole Purchase, Not Just the Property
- Module 4: Stress-Test the Decision Before You Commit
- First-Time Homebuyer Readiness Map
- All-in ownership-cost calculation
- Mortgage comparison exercise
- Cash-to-completion / closing map
- First-time-buyer support check
- Purchase stress-test
- 90-day homebuying readiness plan
- Live Q&A
Covers all 4 parts.
Also available as a 4-week or 8-week program, for change that lasts. Ask us about it.
What’s covered
Build Your Real Homebuying Number
Every length- Start with the payment your life can comfortably carryParticipants begin with their current financial commitments and build a personally comfortable monthly housing range before looking at a lender's maximum.
- Calculate the whole monthly cost of owningParticipants add the mortgage to the other recurring costs that may come with the property, such as insurance, local property charges, service or association fees, utilities and realistic maintenance where relevant.
- Separate the money to buy from the money to keepParticipants divide available savings into deposit or down payment, purchase and transaction costs and the cash they want to retain after receiving the keys.
- Set your financial ceiling before you start falling in love with homesParticipants combine their comfortable ownership budget, available purchase cash and borrowing assumptions into a preliminary property-price ceiling.
Understand the Mortgage Before You Choose It
90 minutes and longer- Know what the lender is trying to understandParticipants map the income, existing commitments, financial records, credit information and source-of-funds evidence that may be relevant to a mortgage assessment in their jurisdiction.
- Look beyond the headline interest rateParticipants compare borrowing examples using interest rate, fees, mortgage term, payment structure and potential rate changes where relevant.
- Understand what your deposit changesParticipants explore how the size of a deposit or down payment can change the amount borrowed, cash retained and mortgage options available without being given a universal target percentage.
- Compare offers using the same home & the same questionsParticipants put hypothetical mortgage offers side by side using the same property price and borrowing amount and compare payment, fees, term, flexibility and future rate exposure.
Price the Whole Purchase, Not Just the Property
3 hours and longer- Build the transaction-cost list before making an offerParticipants identify the taxes, legal or conveyancing work, lender charges, valuation or appraisal, registration and other costs that may sit around a purchase in their jurisdiction.
- Pay for information that can change the decisionParticipants examine the financial purpose of appropriate surveys, inspections, valuations and other due diligence and work through a scenario where a property issue changes the true cost of buying.
- Check first-time-buyer support without assuming you qualifyParticipants identify grants, tax relief, savings incentives, shared-equity arrangements or other first-time-buyer support that may exist in their location and record the authoritative source for checking current eligibility.
- Calculate the cash you need on the day — and the day afterParticipants combine deposit or down payment, transaction costs, immediate moving or setup expenses and the cash they want to retain afterwards into one purchase-funding map.
Stress-Test the Decision Before You Commit
Full day only- Test the home against a less-perfect monthParticipants run the proposed ownership budget through a scenario where an ordinary household cost increases, income is temporarily tighter or another financial commitment appears.
- Test what happens when property costs surprise youParticipants add a realistic repair, maintenance bill, service-charge increase or other ownership expense to the first-year plan and identify how it would be funded.
- Create a walk-away number before the offer changesParticipants establish financial deal-breakers covering maximum purchase price, monthly ownership cost and minimum cash remaining after the transaction.
- Build your first-year homeownership planParticipants bring together mortgage payments, recurring property costs, maintenance planning, post-purchase cash and remaining financial goals into a first-year plan.
How booking works
- Book online. Create a free Workbliss profile, then pay with session credits, by card or by invoice.
- Pick a date. Choose a date at least 14 days ahead, or book now and set the date later.
- Choose your expert. Within 3 working days, we send you profiles of the experts available for your date.
- We deliver it. Your expert is briefed on your people and goals, then runs the session live online or at your site.
Questions about Finance Tips for First Time HomeBuyers
How long is Finance Tips for First Time HomeBuyers?
Finance Tips for First Time HomeBuyers runs as 30 minutes, 60 minutes, 90 minutes, 3 hours or full day. You choose the length when you book. A 30-minute session covers three key points from Build Your Real Homebuying Number: start with the payment your life can comfortably carry, calculate the whole monthly cost of owning and separate the money to buy from the money to keep. A 60-minute session covers Build Your Real Homebuying Number in full, with a live Q&A. A 90-minute session adds Understand the Mortgage Before You Choose It. A 3-hour session adds Price the Whole Purchase, Not Just the Property. A full-day session adds Stress-Test the Decision Before You Commit. It is also available as a 4-week or 8-week program.
Can Finance Tips for First Time HomeBuyers be delivered online or in person?
Yes, both. It runs live online, so every office can join at the same time, or in person at your site, in any country.
How do we book Finance Tips for First Time HomeBuyers?
Create a free Workbliss profile with your work email, then open Finance Tips for First Time HomeBuyers to see the price for each length and book it. You can pay with session credits, by card or by invoice, and choose a date at least 14 days ahead, or set it later.
Who leads the session?
A vetted Workbliss expert, briefed on your people, culture and goals before the session. After you book, we send you profiles of the experts available for your date within 3 working days, so you can choose who leads it.
Can it be tailored to our company?
Yes. Every session is shaped around your goals, your people and the benefits you already offer, and delivered by experts in your people’s languages.