We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
First time buyer?
Options
Bigcammy
Posts: 1,101 Forumite
I hope this is a quick question, but given the minefield that is mortgages I doubt it will be straightforward.
I'm recently divorced, as is my new partner. We live together in a private rented home and are looking to get into the houseing market. Neither of us has owned a house in the last 10 years, so do we qualify as First Time Buyers and if so is it of any advantage?
We will have a deposit of between 10-15% and will be looking for a mortgate of around 130K.
Thanks in advance
I'm recently divorced, as is my new partner. We live together in a private rented home and are looking to get into the houseing market. Neither of us has owned a house in the last 10 years, so do we qualify as First Time Buyers and if so is it of any advantage?
We will have a deposit of between 10-15% and will be looking for a mortgate of around 130K.
Thanks in advance
Norn Iron Club Member No. 252 :beer:
0
Comments
-
In Mortgage terms, you will be FTBs.
In Stamp Duty terms, not. (though it could be worth looking into Disadvantaged Areas Relief - see HMRC SDLT website)Act in haste, repent at leisure.
dunstonh wrote:Its a serious financial transaction and one of the biggest things you will ever buy. So, stop treating it like buying an ipod.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards