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previously owned and now renting... status w.r.t. buying?
conqueror01
Posts: 29 Forumite
I previously owned a house (a joint owner). This was sold.
I'm renting for now, but looking to buy - this time just me.
Not sure if my status is first time buyer or not?
ta
I'm renting for now, but looking to buy - this time just me.
Not sure if my status is first time buyer or not?
ta
0
Comments
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conqueror01 wrote: »I previously owned a house (a joint owner). This was sold.
I'm renting for now, but looking to buy - this time just me.
Not sure if my status is first time buyer or not?
ta
Depends on who you're asking. In terms of HTB ISA or LISA you can't be a FTB again whereas some lenders reinstate your house buying virginity after a certain number of years.0 -
Not looking for any schemes or savings accounts.
Just looking to apply for a mortgage and making sure I get the correct status.0 -
Most mortgage lenders will describe you as a FTB as you do not currently own a property.
But you'd need to ask to be sure.
some would even consider you a FTB if you owned a peroperty but did not have a mortgage.
Others would not consider you a FTB as you've previously owned.
there is no single definition and lenders have their own criteria.0
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