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I'm not a FTB but also not remortgaging? What am I?

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Stuartalexander
Stuartalexander Posts: 1 Newbie
in Mortgages & endowments
Hello, quick question.

I had a house and a mortgage in my name back in 2014 but it’s been sold. So do I fall under ‘remortgaging’ even thought I am not!

What am I and what schemes are out there for people like me?

Comments

  • ACG
    ACG Posts: 24,528 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    Home mover?

    You can still use HTB equity loan or shared ownership.
    I am a Mortgage Adviser
    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.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    1,000 Posts Second Anniversary Name Dropper
    From a mortgage point of view.

    Some lenders will class you as a first time buyer if you haven't owned for x number of years.
    Most will class you as a 'home mover'

    From hmrc point of view, you are not a first time buyer so will have to pay stamp duty on purchase.
    Help to buy equity loan is still open to you for the time being
    Help to buy isa is closed as you aren't a ftb
    Shared ownership is available as well
  • h240
    h240 Posts: 82 Forumite
    You will be classed as moving home we bought our first house 2 years ago and we are in the process of buying a new home and selling our current home and for the mortgage application it said moving home
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