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Am I a FTB
gemziebeth
Posts: 1 Newbie
Guys
I have never owned a home or had a mortgage. However we currently live in a shared ownership scheme which my husband took out in 2011; it means he has a mortgage.
We would like to look into buying a house, but I don't know if we would qualify as a first time buyer or not? Would the mortgage need to be only in my name if we wanted to take advantage of FTB promotions?
Totally new to this so I don't want to enter any discussions with a financial adviser until I have amassed some basic knowledge
I have never owned a home or had a mortgage. However we currently live in a shared ownership scheme which my husband took out in 2011; it means he has a mortgage.
We would like to look into buying a house, but I don't know if we would qualify as a first time buyer or not? Would the mortgage need to be only in my name if we wanted to take advantage of FTB promotions?
Totally new to this so I don't want to enter any discussions with a financial adviser until I have amassed some basic knowledge
0
Comments
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There aren't many FTB promotions worth caring about any more.
There are a few, but different lenders have different definitions of FTBs. Sometimes neither of you can have had a property before, sometimes it's OK if one of you has, and sometimes you can count as an FTB if neither of you own a property now.0
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