Am i a FTB?

Merlin99

Hi All,

I've scoured the web and looked at various different posts, but my situation is a little unique and i'd like your views on whether i qualify for FTB ISA bonus and SDLT relief.

Background: My parents separated a few years ago and my father bought my mother our of the house so he owned it outright. Unfortunately he passed away suddenly last year - however as the divorce was not finalised (it was at nisi stage but not absolute). So his estate including the house passed to my mother. As she had already forsaken the house, she signed it over to my sister who is the sole name on the deeds. As with everything in his estate that my mother didn't keep - it would be split 50/50 between my sister and me - including the money from the sale of the house.

So my scenario is:
I have never purchased a home,
I have never been on the deeds of a house.
I didn't directly inherit the house as it went to my mother who signed it over/gifted it to my sister.

My sister will gift my my share of the house once she receives the money from the sale of the house. - given timelines its likely i will receive this before I complete the purchase of my new house - but in the initial mortgage application i need to say where it is.

So from a FTB:ISA and SDLT am i first time buyer.

Doozergirl

In a word? Yes, you are a FTB. You are being given money, not a house.

Merlin99

What about me having 'interest' in the house/land? That pops up in the HTB:ISA declaration form.

Finchy2018

I just sold a property as part of an estate currently buying one. House was never in my name so I am still a ftb