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Definition of a first time buyer
moneysquirrel01
Posts: 1 Newbie
Hello, can someone please help:
When I was a student in 2014, my husband bought a flat with only his name on all the transactions. I am now in a position to buy a flat under my name and have not previously owned a property, I thought this counts as a first time buyer? However my husband was told by his mortgage broker at the time that I wouldn't be eligible. We are confused
Does having a husband with a property disqualify me from being a first time buyer?
Thank you!
When I was a student in 2014, my husband bought a flat with only his name on all the transactions. I am now in a position to buy a flat under my name and have not previously owned a property, I thought this counts as a first time buyer? However my husband was told by his mortgage broker at the time that I wouldn't be eligible. We are confused
Does having a husband with a property disqualify me from being a first time buyer?
Thank you!
0
Comments
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It's a broader question than that.
What does your position affect in your case? Stamp duty?I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, 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 -
If it is regarding government schemes etc then you will be exempt from them as your husband has an asset that you have beneficial interest in already. At least that's how I understand it.Just a single mum, working full time, bit of a nutcase, but mostly sensible, wanting to be Mortgage free by 2035 or less! £196,000/£177560 to go0
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I have had a mortgage for 12yrs or so and married my wife 4yrs ago, she is we are now purchasing another property and she is classed as a first time buyer, however as we are purchasing jointly she is not eleigible for any first time buyer benefits0
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