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First time buyer status

leereni
leereni Posts: 377 Forumite
in Mortgages & endowments
Please can somebody tell me. If my partner bought a home outside the UK, does she still qualify as a first time buyer in the UK?

Thanks

Comments

  • GMS
    GMS Posts: 5,388 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    For stamp duty purposes she will not qualify as a First time Buyer. A lender may view her as such.
    I am a Mortgage Adviser
    You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • leereni
    leereni Posts: 377 Forumite
    What if she transferred the existing property to somebody else? Or would it be better if I just purchase the property as I definitely qualify.
  • holly_hobby
    holly_hobby Posts: 5,363 Forumite
    1,000 Posts Combo Breaker
    You would need to purchase in your sole name to receive FTB SDLTR at 250k up to March 2012.

    Hope this helps

    Holly
  • b3ckford
    b3ckford Posts: 42 Forumite
    edited 27 December 2011 at 2:08PM
    holly_hobby wrote: »
    You would need to purchase in your sole name to receive FTB SDLTR at 250k up to March 2012.

    Hope this helps

    Holly

    Regarding Stamp Duty, am i right in thinking that, the mortgage process needs to be completed by March 2012 to qualify for the stamp duty waver? Or is it if you apply before march 2012 your exempt?


    Edit: Ignore this post, I have started a new tIhread!
  • holly_hobby
    holly_hobby Posts: 5,363 Forumite
    1,000 Posts Combo Breaker
    The purchase must have completed by the end date.

    Hope this helps

    Holly
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