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    • Westwater
    • By Westwater 9th Oct 16, 9:16 AM
    • 4Posts
    • 3Thanks
    Westwater
    First time buyer again?
    • #1
    • 9th Oct 16, 9:16 AM
    First time buyer again? 9th Oct 16 at 9:16 AM
    Bought 1st house in 1999, sold it in 2000 and moved overseas. Returned to the UK in 2016. No credit history, have to start over. I don't suppose there's any chance I would be considered a 1st time buyer again? Although credit history was wiped I am assuming there would stillbe record somewhere of me being on title for a property, even if it was 16-17 years ago - can anyone confirm this? Many thanks in advance.
Page 1
    • Lemonsqueezer78
    • By Lemonsqueezer78 9th Oct 16, 10:35 AM
    • 245 Posts
    • 296 Thanks
    Lemonsqueezer78
    • #2
    • 9th Oct 16, 10:35 AM
    • #2
    • 9th Oct 16, 10:35 AM
    It depends - what is the actual reason for you wanting to be considered a FTB?
    • Hoploz
    • By Hoploz 9th Oct 16, 10:47 AM
    • 3,037 Posts
    • 2,692 Thanks
    Hoploz
    • #3
    • 9th Oct 16, 10:47 AM
    • #3
    • 9th Oct 16, 10:47 AM
    I think it depends on the lender's criteria, and some will agree and others won't. Best to deal with a broker who can get you the best deal regardless of status.

    I think you would probably not be able to take advantage of the govt schemes though. But actually I have no real knowledge of these.
    • G_M
    • By G_M 9th Oct 16, 12:33 PM
    • 37,019 Posts
    • 40,944 Thanks
    G_M
    • #4
    • 9th Oct 16, 12:33 PM
    • #4
    • 9th Oct 16, 12:33 PM
    ........I don't suppose there's any chance I would be considered a 1st time buyer again? ........
    Originally posted by Westwater
    It vaeries. Depends who.

    * mortgage lenders? They have different criteria so most will consider you a FTB but not all.

    * the government for HTB scheme? Yes you qualify if you currently do not own anywhere in the worldedit: "do not own, and never have owned any interest in land, whether in the United Kingdom or elsewhere,..."

    * the Gov SDLT relief scheme (or has this ended?): No, you are not a FTB

    * estate agents? Yes they'll consider you a FTB

    So who do you want to convince and why?
    Last edited by G_M; 09-10-2016 at 12:50 PM.
    • needhouseadvice
    • By needhouseadvice 9th Oct 16, 1:39 PM
    • 76 Posts
    • 19 Thanks
    needhouseadvice
    • #5
    • 9th Oct 16, 1:39 PM
    • #5
    • 9th Oct 16, 1:39 PM
    i think the main distinction is ftb = no chain, someone with property to sell = chain so you'd be considered a ftb in most people's eyes unless you're trying to qualify for some scheme.
    • Peccary
    • By Peccary 9th Oct 16, 1:43 PM
    • 172 Posts
    • 163 Thanks
    Peccary
    • #6
    • 9th Oct 16, 1:43 PM
    • #6
    • 9th Oct 16, 1:43 PM
    I had joint ownership of a house until 2008 and have just bought one this year, the bank considered me a first time buyer. I couldn't get a help to buy isa though.
    Twenty years from now you will be more disappointed by the things you didn't do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.
    Mark Twain
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