First Time Buyer Again???

rache123

I had my first mortagage over 2 years ago, and I was wondering do I qualify as a First Time Buyer again now?

Any help would be much appreciated.

Thanks

happybroker

you do, yes

VIGILANT22

happybroker

And you are qualified?

musicboy

not according to NatWest you're not .. don't get me started !

Comyface

I think it depends on the lender. Some are quite literal - ie. if it's the first time you've bought a house, then you're a first time buyer. If it's not, you're not!

Either way, don't think it matters that much nowadays. Not a lot of 'First Time Buyer' deals out there anyway. It seems to be that the best deals are reserved for those with a large (>25%) deposit.

happybroker

VIGILANT22 wrote: »

happybroker

And you are qualified?

does your opinion differ?

VIGILANT22

I had my first mortagage over 2 years ago, and I was wondering do I qualify as a First Time Buyer again now?

happybroker wrote: »

you do, yes

Shame on you!!

happybroker

My understanding of the OP is that they haven't had a mortgage for over 2 years, in which case they would qualify as a ftb with many lenders despite the fact they obviously are not (I don't make the rules).

If they have an existing mortgage that was originally taken out over 2 years ago then they wouldn't.

I assume this is what you are getting at vigilant22 though obviously your lack of explanation leaves me a little in the dark........the mushroom treatment I think it's called.

_Andy_

Without clarity from the OP it's impossible to say.

Either they sold a house and haven't had a mortgage for 2 years (in which case as above some lenders would accept as a FTB), or, they brought a house 2 years ago and still have a mortgage on it, in which case they're not FTBs.

VIGILANT22

_Andy_ wrote: »

Without clarity from the OP it's impossible to say.

Either they sold a house and haven't had a mortgage for 2 years (in which case as above some lenders would accept as a FTB), or, they brought (boughty) a house 2 years ago and still have a mortgage on it, in which case they're not FTBs.

You can only go by what people post........

_Andy_

Thanks for proof-reading the post for me.