Help to Buy ISA for 'First time buyer'

happysalior

Hi all,

I have just a quick query - I am looking at the Help to Buy ISA's available at the moment, however they are saying you must NEVER have owned a property before.

I purchased a property roughly 10-12 years ago and subsequently sold it a few years later - when I spoke with a mortgage advisor recently they told me that because I brought the property over 6 years ago, technically I would still be considered a 'First time buyer'.

Could anybody help as to weather this is true and I could still apply for an ISA?

Many Thanks for any help x

aries_163

Some lenders may consider you a FTB as you haven’t had a mortgage for a few years, but no you are not eligible for other government FTB initiatives - isa, stamp duty relief.

kingstreet

happysalior wrote: »

when I spoke with a mortgage advisor recently they told me that because I brought the property over 6 years ago, technically I would still be considered a 'First time buyer'

This twice about trusting such a person with your business.

As aries says, some lenders may choose to give you an FTB product but the Government does not consider you a FTB.

happysalior

Thank you for clarifying that for me ��