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what is a first time buyer?

My wife and I are about to get back onto the property ladder after 4 years off it. Will we qualify as a first time buyer or will our previous mortgage make us exempt from any of the first time buyer perks?

Comments

  • brazilianwax
    brazilianwax Posts: 9,438 Forumite
    djpater wrote: »
    My wife and I are about to get back onto the property ladder after 4 years off it. Will we qualify as a first time buyer or will our previous mortgage make us exempt from any of the first time buyer perks?

    What perks???!!! :confused:
    :A MSE's turbo-charged CurlyWurlyGirly:A
    ;)Thinks Naughty Things Too Much Clique Member No 3, 4 & 5 ;)
  • MortgageMamma
    MortgageMamma Posts: 6,686 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    No such thing as a first time buyer perk - all mortgages that are available these days are usually available to first time buyers. next time buyers and remortgages - so it really does not matter that you have owned a property before you will still get a good deal, particularly if you go througha broker
    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.
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