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Not a First Time Buyer - what am I?
lnesbitt
Posts: 188 Forumite
So, I used to own a house. About ten years ago, but haven't since.
I'm looking to buy a house, but am not a first time buyer and I'm not remortgaging... does anyone know what I'm classed as?
I'm looking to buy a house, but am not a first time buyer and I'm not remortgaging... does anyone know what I'm classed as?
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Comments
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second time buyer ?
*sorry couldn't resist.0 -
Most if not all lenders would class you as a home mover.0
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It's so frustrating that there is no time limit for people to become FTBs again... would so help me out!0
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Is it for a HTB scheme?0
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For the purposes of getting a regular mortgage, it would seem that Nationwide would class you as a 'first time buyer' if it's been 3 or more years since you had a mortgage:
nationwide-intermediary.co.uk/products/customer_type_definitions
For help to buy, you wouldn't be eligible as the requirement is something like 'never held an interest in any property'.0 -
For the purposes of getting a regular mortgage, it would seem that Nationwide would class you as a 'first time buyer' if it's been 3 or more years since you had a mortgage:
nationwide-intermediary.co.uk/products/customer_type_definitions
For help to buy, you wouldn't be eligible as the requirement is something like 'never held an interest in any property'.
Thanks ARH. I think the 'never' is a bit mean, but can do nothing about that! So I can't get a FTB ISA or anything... boo.0 -
For help to buy, you wouldn't be eligible as the requirement is something like 'never held an interest in any property'.
Not sure this is quite right I know a few people who are eligible for at least some if not all HTB schemes even though they have previously owned a property.
It maybe that you aren't eligible once you have been part of a HTB scheme in the past.0 -
HTB Equity Loan for newbuilds is not FTB restricted, nor is HTB Shared Ownership.For the purposes of getting a regular mortgage, it would seem that Nationwide would class you as a 'first time buyer' if it's been 3 or more years since you had a mortgage:
nationwide-intermediary.co.uk/products/customer_type_definitions
For help to buy ISA, you wouldn't be eligible as the requirement is something like 'never held an interest in any property'.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
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