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Are we First Time Buyers???
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shamac
Posts: 415 Forumite
Sounds an odd question, but I am researching mortgage deals and am not sure which category we would be in?
We have a BTL mortgage on a house which we let out as a holiday let (and we live in a rented house.) This was, originally (5 years ago) a residential mortgage but we changed it so we could let it out. It has been a BTL mortgage for 2 years.
We now want a residential mortgage to buy a house for us to live in. We will be keeping the BTL running, not selling it.
Which category would we fall into as far as mortgage companies are concerned?
We have a BTL mortgage on a house which we let out as a holiday let (and we live in a rented house.) This was, originally (5 years ago) a residential mortgage but we changed it so we could let it out. It has been a BTL mortgage for 2 years.
We now want a residential mortgage to buy a house for us to live in. We will be keeping the BTL running, not selling it.
Which category would we fall into as far as mortgage companies are concerned?
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Comments
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Homeowner - new purchase.
You wouldnt be a first time buyer.I am a Mortgage AdviserYou 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.0 -
So, for example on Nationwide, would we be:
New Customer-Moving Home ??0 -
Thats what i would go for...but i would also double check with my account manager just to make sure.I am a Mortgage AdviserYou 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.0
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