Am I a first time buyer?

Jessykins02 · 24 November 2013 at 12:09AM

This may well be a stupid question,,,,but help here in the past has led me to ask anyway....!

I was included on a mortgage over twelve years ago with my ex-partner.

When we split shortly after the purchase, he kept the property as there was no equity in it and it would have been silly to sell at that time.

He sold the property some years later, after I had signed it over to his sole ownership. So I made no money from it.

Am I now to declare that I am technically not a first time buyer when I apply for a mortgage? Is it fraud if I dont?

I am looking at properties that are under the Stamp Duty threshold, so is it based purely on the lender criteria.....?

Thanks in advance.

fiesta04 · 24 November 2013 at 2:05AM

You are not a FTB. Surely this will not matter as you have no connection with any mortgages.

F4

kingstreet · 24 November 2013 at 9:33AM

Some lenders will allow you a FTB product, although technically you aren't.

Yorkie1 · 24 November 2013 at 9:32PM

As KS says, it depends on the lender's definition of FTB.

chambta · 24 November 2013 at 9:41PM

I'd be surprised if you were picked up for it. Whether it's fraud or not is another matter!

ValHaller · 24 November 2013 at 9:58PM

It all depends on the applicable definition of FTB as to whether you are one. Because there are different definitions, you could hardly be done for fraud out of it.