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First time buyer???
shelly17
Posts: 3 Newbie
Hello, I need advice. Am I a First time buyer when I brought a property over 12years a go but no longer own this home with a previous partner. I am now married and my husband has never owned a property before. I’ve looked and I am confused if I would be or not as some say I would be as over 3yrs since last owned a property. But others say if you have ‘ever owned a property’. Thanks
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Comments
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First time buyer means the first time you have ever bought a property. How can you be a first time buyer if you have bought a property before? It's a bit like saying you're a virgin because you haven't had sex for a few years.
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NameUnavailable said:First time buyer means the first time you have ever bought a property. How can you be a first time buyer if you have bought a property before? It's a bit like saying you're a virgin because you haven't had sex for a few years.
Damn! There goes my best selling point on Tinder.
OP - I've never bought a house but inherited part of one. I'm no longer considered a FTB because of this and lose all the benefits of being one. Not ideal but it is what it is, same as your situation.5 -
I think it depends on who you ask. My partner previously owned a home about 15 years ago. He isn't considered a FTB for LISA accounts etc but was considered a FTB for our mortgage application.1
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It's more a case of what you're asking rather than who you're asking. Yes, for mortgages, it is likely to be FTB. For any government incentives, saving schemes, stamp duty, etc - definitely not FTB.Amalice said:I think it depends on who you ask. My partner previously owned a home about 15 years ago. He isn't considered a FTB for LISA accounts etc but was considered a FTB for our mortgage application.2024 wins: *must start comping again!*2 -
What if we have never used a government scheme before.? Husband has never owned any property at all. Just me over 12yrs ago.0
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