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First time buyer?
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
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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
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