**First Time Buyer** - definition

Tolmeister

This may sound like a silly question, but given that Nationwide are currently offering 90% LTV for FTBs, I was wondering if anyone can clarify the definition of a first time buyer for me?  Do you truly have to be purchasing your very first home, or could you be classed as a FTB if you don't currently own a property?

Backstory is that my house is agreed sold but we haven't found a new house.  I am keen to go ahead and complete on the sale of our current home as I have the option of staying at a vacant family member's home temporarily, thus breaking any chain and putting us in a stronger buying position.  Would this also make me eligible to apply for the Nationwide deal?

haras_n0sirrah

I believe nationwide first time buyers definition is cannot have owned a property for 3 years

Tolmeister

haras_n0sirrah said:

I believe nationwide first time buyers definition is cannot have owned a property for 3 years

Thanks!