We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
First Time Buyer/First Mortgage
xXDeetsXx
Posts: 4 Newbie
Hi there,
im looking into getting a mortgage with my partner. Neither of us has ever had a mortgage before, but my partner paid a cash sum on a shared ownership property.
Would we be considered first time buyers? Im a little confused if FTB refers to a first mortgage rather than owning a property.
thanks!
im looking into getting a mortgage with my partner. Neither of us has ever had a mortgage before, but my partner paid a cash sum on a shared ownership property.
Would we be considered first time buyers? Im a little confused if FTB refers to a first mortgage rather than owning a property.
thanks!
0
Comments
-
No its first time buyer not first time mortgagor :-P
So you are not first time buyers... not that it matters either way.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 -
ok was just checking, you never know! thanks :-)0
-
Many lenders will treat you both as first time buyers if one of you has never owned a property, while others will do so if you have not had a mortgage in x number of years.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
-
so really it will be dependent on the mortgage provider?
Ok thank you - will need to get cracking then!0 -
Yes. Precisely.
If you want to know about a particular lender, you need to tell us who it is, or ask them directly.I am a mortgage broker. 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. Please do not send PMs asking for one-to-one-advice, or representation.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 247K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards