am I a FTB?

ticket2ride

I have recently sold my property and am in rented accomodation.

I do not have a mortgage.

Would I be considered a First Time Buyer if I applied for a new mortgage to buy a new property?

casualwalks

Not for the purpose of stamp duty exemption.

Mallotum_X

Are you buying for the first time...

The clue is in the name, first time buyer.....

DannyboyMidlands

ticket2ride wrote: »

you bell end

A bit harsh. The clue is in the name.

You are not an FTB where it matters, for the purpose of stamp duty exemption. You might be for the mortgage but it doesn't give you access to any better deals.

kiki*_2

Don't know how you can call him a bell end when your asking a silly question!

If you have bought a property before the no your not a FIRST time buyer.

ticket2ride

Martin's mortgage guide defines a FTB as "Those who don’t own a property and are looking to
buy one."

Hence my question.

I should've expected some know-nothing moron to offer as useless response that is factually incorrect.

Thanks to the posters that provided a useful answer.

kiki*_2

When I went through my mortgage application they asked if I had owned a property or a share of a property before.

jjlandlord

As already replied, not a FTB for stamp tax duty exemption purposes.

However as not currently owning a property OP may well fall into the FTB category of most banks if we're talking ticking the box that matches his circumstances best.

Mallotum_X

ticket2ride wrote: »

you bell end

Thanks, glad i could help.

donnap83

ticket2ride wrote: »

you bell end

Er, Bit uncalled for?!

mr_fishbulb

As I understand it, different mortgage lenders can have different definitions of what is a FTB. It would be a good idea if you had a quick chat with a mortgage broker who should be able to let you know. You bell end.